We are very excited to welcome Dulaksha Herath to TRU Realty!

After studying business admin and computer programming at Algonquin College, Dulaksha found his true calling in real estate in 2018. Since then he has not looked back! Dulaksha has deep connections with family, friends and his community both here in Ottawa but also in Sri Lanka. He takes great pride in assisting many to relocate to Ottawa and eastern Ontario. From first-hand knowledge, relocating to another country and investing in real estate is a big challenge but with Dulaksha's experience, drive and insight, he has helped many make this dream come true and looks forward to assisting many more!

Dulaksha appreciated the flexibility, management and professionalism of TRU Realty and made the decision to partner with our brokerage. On behalf of Dulaksha, we invite all his past clients, friends and family to contact him and make their real estate dreams come TRU!

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We are very excited to share our new listing at 423 BARRICK HILL ROAD in Ottawa.
Welcome to 423 Barrick Hill in the Trailwest neighbourhood of Kanata South! This surprisingly large end-unit townhome feels more like a single with an open bright floor plan and room to spare! With the beautiful two-tone cabinetry, huge centre island, large pantry, stainless steel appliances, rich hardwood floors, and warm gas fireplace, the kitchen becomes the heart of the home and is great for entertaining! Note the additional windows! The second level features a beautiful primary suite with a custom feature wall, an ensuite bath with a soaker tub, shower and a walk-in closet. Two other bedrooms, a full bath and a convenient 2nd-floor laundry are on this level. The lower level family room has extra large windows on 2 sides and is a great place to relax and watch a show. The rear yard has a great 2-level deck and faces south so perfect for BBQing and entertaining! Walking distance to shopping, parks, transit and everything else todays families need! Make this your new address! (id:2493)
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We are very excited to share our new listing at 475 HARVEST VALLEY AVENUE in Ottawa.
Nearly $250,000 in upgrades!!! Totally redesigned, bright and open concept Minto Hudson+ added sf, extra windows, on a large corner lot. Kitchen features double stacked cabinets lit inside/underneath, stone wall, granite, and lrg central island w/breakfast bar. High-end appliances incl. gas range, beverage centre, and chimney fume hood, extra deep designer dbl sink. Main floor den w/built-ins, and spacious family room w/loads of light and gas fireplace. Master suite features coffered ceiling, DOUBLE-SIDED GAS FIREPLACE into ensuite bath w/jacuzzi corner tub and lrg glass shower, walk-in closet w/built-ins. Builder finished basement w/2 bedrooms, rec room, secret blinged-out kids hideout, laundry/storage, main floor freshly painted. Sonos sound system throughout, incl. front/back porch. Showstopper zen garden, deck, patio, sprinkler system, fully fenced yard, and interlock dbl driveway. 9'+ ceilings on main, renovated powder room, central vac. Ask Listing Agent for list of upgrades! (id:2493)
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We are very excited to share our new listing at 1231 KINGSTON AVENUE in Ottawa.
Move-in-ready 3 bed, 2 bath home awaits. This home welcomes you into the cozy living room that is perfect for entertaining guests and overlooking the front of the home through the large sunkissed window. Theres ample prep space in the kitchen including a practical peninsula between the kitchen and dining room. Your dining room with built-in cabinetry and bench seating will accommodate family and friends very comfortably. Beyond your kitchen are doors leading to a deck that begs you to bring the gathering outside. The back yard and garden is a stunning backdrop of perennials and pathways that will make returning home to spend time here the highlight of one's day. Your lower level offers a great space ideal for relaxing with family/guests and complete with its own bathroom just off the laundry area. (id:2493)
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We are very excited to share our new listing at 482 RICHARDSON AVENUE in Ottawa.
Bright and very charming! Bigger that looks, 4 bedrooms above grade. Beautiful gardens. MOVE-IN READY Close to shopping, transit and parkway walks. Soon the LRT will be near. Newer electrical panel with whole house serge protection (2011) Roofing (2015) with chimney repair; 2018 new kitchen; 2018 newly paved drive and interlock; 2020 custom shade sail installed; 2021 battery back-up for sump and NEW FURNACE! Gas Fireplace, Great family neighbourhood close to everything you need. The front and back gardens are lovely with many perennials. Beautiful Stain Glass accent windows. Custom window coverings. 2 fridges! Mostly finished basement with full bath. Large shed/workshop with electrical service and built in dust collection system, perfect for the handy-person. (id:2493)
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We are very excited to share our new listing at 2060 WINSOME TERRACE in Orleans.
Come and explore this brand new, never lived in, beautiful 3 bedroom townhouse located within the Jardin Crossing community in Orleans. Conveniently located near Trim and Innes road, you'll be close to it all - schools, public transit, malls, ease of access to highways, and only 20 minutes from downtown Ottawa . This Majestic model by Mattamy Homes welcomes you with its spacious and open concept floor plan. Upgraded interior finishes, with quartz countertops, upgraded bathrooms, kitchen backsplash, hardwood on main floor and stainless steel appliances. Very bright with big windows throughout. A large driveway that can fit up to 3 cars, and a deep ravine lot with no rear neighbors!! Finished basement with a large rec. room, which offers so many possibilities. Available immediately! (id:2493)
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We are very excited to share our new listing at 2058 WINSOME TERRACE in Orleans.
Come and explore this brand new, never lived in, beautiful 3 bedroom townhouse located within the Jardin Crossing community in Orleans. Conveniently located near Trim and Innes road, you'll be close to it all - schools, public transit, malls, ease of access to highways, and only 20 minutes from downtown Ottawa . This Lilac model by Mattamy Homes welcomes you with its spacious and open concept floor plan. Upgrades can be found throughout the home, with quartz countertops, upgraded bathrooms, kitchen backsplash, hardwood on main floor, and stainless steel appliances. Very bright with big windows throughout. A large driveway that can fit up to 3 cars, and a deep ravine lot with no rear neighbors!! Finished basement with a large rec. room which offers so many possibilities. Available immediately! (id:2493)
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We are very excited to share our new listing at 2196 WINSOME TERRACE in Orleans.
Come and explore this beautiful brand new end-unit townhouse, which has never been lived in. This Majestic-End model by Mattamy Homes, located within the Jardin Crossing community in Orleans, welcomes you with its spacious and open concept floor plan. Conveniently located near Trim and Innes road, you'll be close to so many amenities within this wonderful neighborhood in Orleans - schools, public transit, malls, ease of access to highways, and only 20 minutes from downtown Ottawa. Upgraded interior finishes, with granite countertops, upgraded bathrooms, kitchen backsplash, hardwood on main floor and stainless steel appliances. An abundance of windows within this end unit, which provide wonderful natural light throughout. This home which offers so many possibilities, could be your next family home. Available immediately! (id:2493)
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We are very excited to share our new listing at 120 DARLINGTON PRIVATE UNIT#501 in Ottawa.
Have you ever wanted to live in a penthouse? Now is your chance! This exceptionally large one-bedroom condo at The Landmark rarely comes available! Located in an exclusive adult-oriented secure development with beautiful views overlooking the city, this unit has rich hardwood floors throughout, an open concept layout, beautiful kitchen cabinetry, a large primary bedroom with a walk-in closet, ample storage, in-suite laundry, a spacious quiet and shady balcony, ample storage & closets, a very convenient ground floor indoor heated parking spot and storage locker and so much more! Living at The Landmark is like being at a resort with its private community centre, indoor saltwater pool, party room, exercise room, patio, library, tennis court, shuffleboard and social and recreational opportunities! This is downsizing in style! With condo fees so low your accountant will smile! Make it your new address! (id:2493)
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Members of the Ottawa Real Estate Board sold 1,508 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,122 in June 2021, a decrease of 29 per cent. June’s sales included 1,138 in the residential-property class, down 31 per cent from a year ago, and 370 in the condominium-property category, a decrease of 23 per cent from June 2021. The five-year average for total unit sales in June is 1,966.

“After the frenzy of the past two years, we are witnessing Ottawa’s resale market normalize in 2022 and shift towards the more traditional seasonal ebb and flow cycle. While June transactions do typically taper as many look towards their summer holidays, last month’s sales were at a slower pace than we have seen in well over a decade,” states the Ottawa Real Estate Board President.

“We can likely attribute the decrease in unit sales to economic factors such as rising interest rates and cost of living/inflation. Other dynamics could include Buyer fatigue combined with a wait-and-see approach towards home prices, lack of confidence amongst consumers, and perhaps the uncertainty surrounding back-to-work arrangements as a long commute with rocketing gas prices will certainly affect decisions about where to live.” 

The average sale price for a condominium-class property in June was $438,977, an increase of 1 per cent from 2021, while the average sale price for a residential-class property was $772,861, increasing 6 per cent from a year ago. With year-to-date average sale prices at $815,797 for residential and $465,573 for condominiums, these values represent an 11 per cent and 10 percent increase over 2021, respectively.*

“It’s no secret that price increases have become more modest in the last two months–there’s a new benchmark reality in Ottawa. While our average price statistics provide an overall picture, as the market settles, there will be adjustment differences in various pockets of the city. For example, what happens in Westboro will not likely mirror Findlay Creek.”

“But even as prices fluctuate, historically, real estate in Ottawa has always been and will continue to be stable and dependable in the long term. We aren’t likely to ever experience the significant dips that other regions may see. Prices won’t fall out; they are prone to level off to the reasonable rates of increase that we have historically experienced.”

“With an influx of 3,213 new listings in June, we are moving (albeit gradually) towards the goal of a more balanced market. Residential inventory has increased by 38% over last year at this time and is sitting at an approximate 1.9 months’ supply currently. Condominium housing stock has risen 14% to a 1.6 months’ supply for that property class. Once government-pledged supply measures are enacted, we are optimistic that goal is within reach.”

“Buyers, if you have been waiting on the sidelines, this may be an optimal time to venture back into your home search. There is more selection, fewer bidding wars, and less pressure to make a warp-speed decision. As for Sellers, your neighbourhood has its own characteristics and attributes that should weigh into the calculation of your property’s value. Contact a professional REALTOR® who has their hand on the pulse of Ottawa’s shifting real estate market today!”

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members assisted clients with renting 2,919 properties compared to 2,252 last year at this time.

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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.