We are very honoured to welcome Glenn Papineau to TRU Realty!

Glenn is very well known not only in the city of Ottawa but also in the real estate industry. Born and raised in town and earning his real estate license in 1984 while in his early twenties, Glenn by all accounts is a veteran Realtor! Starting his career at Campanale Realty, he was a quick learner, a hard worker and skilled at listing and selling property. Hundreds of clients and deals later, Glenn is still passionate about assisting his client's purchase, investing and selling all types of property in the Ottawa area!

Glenn chose TRU Realty because of its support, management and its reasonable commission plans. He invites all his past clients, friends, family and others to contact him for all their real estate needs!

Read full post

We are very excited to share our new listing at 120 TAPESTRY DRIVE in Ottawa.
Beautiful Executive home for rent. A home that impresses with gleaming hardwood, a gourmet kitchen and all the comforts you expect including a spa like ensuite. The landscaped yard is fully fenced with a large deck. The garage has space for cars and the toys too! Curl up in front of the gas fireplace or entertain in the formal dining room. The principal bedroom boasts a large walk in closet as well as an enticing bath. With 4 bedrooms there is room for the kids and a home office, or two. The large basement provides space to play, and the overhead movie projector for that "big screen experience". The neighbourhood is great for families and offers lots of near by shopping and dining options. Close to transit and near to nature. Please no large pets. Don't miss out. (id:2493)
Read full post

We are very honoured to welcome Chinwe Iloabachie to TRU Realty!

Chinwe is very well known in the Ottawa area for her 33-year career teaching at the Ottawa Carleton District School Board during which time she touched the lives of hundreds of pupils! Setting the example for her students in education, Chinwe has studied at the University of Nigeria, Nsukka, M.A. Dalhousie, PhD. McGill, B.Ed. uOttawa and most recently at the faculty of Law, uOttawa, just to name a few! These experiences combined with her own personal investments in real estate have given her a unique and valuable advantage in the real estate industry. An advantage that she is eager to teach and share with buyers and sellers to realize their real estate goals!

Chinwe chose TRU Realty because of its support, management and its adherence to the highest professional standards. Qualities that Chinwe appreciates and exemplifies. She invites all her past clients, friends, family and future clients to contact her for all their real estate needs in English, French or Igbo!

Read full post

We are really excited to announce that Cindy Drozda has joined TRU Realty!

Born in Montreal and living in Quebec City before relocating to Ottawa in 1991 has given Cindy a unique perspective and appreciation for life in the Nation's Capital. Bilingual in French & English, she loves assisting her clients in relocating, acquiring and selling real estate. Cindy shares: "Nothing brings me more satisfaction than making my client's dreams come true."

After a long career in accounting, Cindy became licensed to trade in real estate with a large national brokerage, then a small team before joining TRU Realty. She appreciated TRU's management, commission plan & flexibility and how this support will assist not only her but her client's success. We are very honoured to have her on the TRU Realty team and invite all of Cindy's past clients, family and friends, to contact her with any and all their real estate needs!

Read full post

We are very excited to share our new listing at 53 PONDHAWK WAY in Ottawa.
Welcome to 53 Pondhawk Way, a wonderful 4 bedroom, 4 bath 3200+ sq ft home on a premium pie shape lot! The entertainment sized main floor with living, dining and a great room is centred by a huge kitchen where family and friends can gather. Upstairs, escape to the privacy of the primary bedroom with 2 walk-in closets & an ensuite. Bedroom 2 has its own ensuite, while 3 and 4 share a jack & jill bath. All have their own walk-in closets. A convenient loft area could be used as a homework area or office space. Enjoy the convenience of a 2nd-floor laundry room with its own walk-in linen closet. The basement is unspoiled and is ready to be finished with another full bath and even more living space! All this is located in one of Ottawas best family neighbourhoods just steps from schools and recreation. Make this your new address now! No conveyance of offers prior to 1 PM March 18, 2022. (id:2493)
Read full post

We are very excited to share our new listing at 180 YORK STREET UNIT#1003 in Ottawa.
Incredible pied-a-terre one bedroom in the Byward Market with coveted underground parking and a storage locker! Floor to ceiling windows flood light through the kitchen and living space. Equipped with 5 appliances, in-suite laundry, the open concept and efficient design make this a fantastic place to come home to after enjoying the endless opportunities of shopping, dining and entertainment in the most exciting part of the Capital! Enjoy a morning coffee or a nightcap on your generous sized balcony. Walk to work or to the LRT. Building amenities include a gym, private courtyard with BBQ and a party room youll love entertaining in! Rent includes heat, A/C and water! Whether urban lifestyle or downtown convenience this unit has everything you can hope for and all at an incredible value! Book your showing now! (id:2493)
Read full post

We are very excited to share our new listing at 57 HUBBLE HEIGHTS in Ottawa.
A beautiful executive or diplomatic rental designed by an award-winning architect with well over 3000 sq ft of finished space & many unique design features found only in custom homes! Located in the heart of Riverside South, one of Ottawas most desirable master-planned communities, located alongside the Rideau River and within walking distance of the future LRT station, schools, shopping and more. The main floor space is open, bright and airy. Note the main floor den which makes for a great home office; the hardwood floors throughout; spacious foyer and mudroom. The second-floor primary bedroom suite is an oasis with a massive walk-in closet & an ensuite with a 5 soaker tub! There are 3 other bedrooms all of which are generous sizes on the second floor, a full bath, laundry room and loft space that could work well as a homework space. The finished basement is warm and cozy and will make a great TV or recreation area and there is also tons of storage! Make this your new address! (id:2493)
Read full post

Members of the Ottawa Real Estate Board sold 1,421 residential properties in February through the Board’s Multiple Listing Service® System, compared with 1,385 in February 2021, an increase of 3 per cent. February’s sales included 1,095 in the residential-property class, up 7 per cent from a year ago, and 326 in the condominium-property category, a decrease of 10 per cent from February 2021. The five-year average for total unit sales in February is 1,184.

“Although February’s resales were only 3% higher than last year at this time, we saw a 52% increase in the number of transactions compared to January’s figures (936). While a month-to-month increase is typical for this time of year, the gradation of this increase is higher than previous years, which could be an indication that our spring market may ramp up earlier this year,” states the Ottawa Real Estate Board President.

“Whether this has to do with the easing of government pandemic restrictions and the opening up of the economy or perhaps due to apprehension of the (then) upcoming interest rate increase, which is now in effect, we can’t entirely be sure. We are watching intently to see how the 2022 spring market will play out considering not only the higher interest rates and inflation but also other macro factors in our global environment that could affect our local economy.”
“Undoubtedly, the interest rate increase along with the higher rate of inflation will weaken potential Buyers’ purchasing power. And even though average price growths are not as acute as they were in the past two years, we are still seeing significant increases that are without question a result of the unrelenting high demand and current housing stock scarcity.”

The average sale price for a condominium-class property in February was $466,682, an increase of 15 per cent from 2021, while the average sale price for a residential-class property was $837,517, increasing 17 per cent from a year ago. With year-to-date average sale prices at $812,813 for residential and $458,107 for condominiums, these values represent a 16 per cent increase over February 2021 for both property classes. *

“The number of new listings in February (1,762) offers a slight glimmer of hope for prospective Buyers. At 4% higher than the five-year average and 12% higher than February 2021, it resulted in an almost 10% increase in residential-class property inventory compared to last year at this time. Condominium supply, however, is down 20%. Overall, we are now at a 0.7 month supply of inventory which means that most listings that enter the market are going to be snapped up very quickly, as evidenced by the continuous decline in Days on Market (DOM). We certainly hope this trend of increased new listings will continue to supplement the housing stock going forward.”

“Ottawa is a beautiful city with a healthy, stable economy and is a utopic place to work, live and play. It attracts Canadians from other cities and people from all over the world. But it is deeply entrenched in a Seller’s Market. This means homebuyers need to have all their ducks in a row and are prepared to move expeditiously. A REALTOR® will have the knowledge to ensure you are making your best offer at the optimal time. Sellers also need the experience and resources a REALTOR® brings to ensure they are strategically positioning their homes given the conditions of their neighbourhood and property type. Don’t gamble with what is likely your biggest asset – contact a professional REALTOR® today!”

In addition to residential sales, OREB Members assisted clients with renting 800 properties since the beginning of the year compared to 674 by February 2021.
Source: Ottawa Real Estate Board
Read full post
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.