TRU Realty : Blog posts labelled: ottawa real estate : page 39

New property listed in Ottawa

Posted on January 5, 2023 by Kevin Saunders

We are very excited to share our new listing at 24 WAVERLEY STREET in Ottawa.

Welcome to a classic turn-of-the-century townhome in Ottawa's Golden Triangle, just steps from the historic Rideau Canal, Parliament Hill and all the city has to offer! Home is completely updated - eat-in kitchen, baths, some exposed brick interior walls, fireplace, third-floor master suite with sauna and huge rooftop deck with view of the canal, rear deck off kitchen, oversized single garage with opener and inside access. Make this your new address now! (id:2493)

Read

Ottawa Market Trends December 2022

Posted on January 4, 2023 by TRU Realty

Posted in Ottawa, Ottawa Real Estate, TRU, TRU Realty, TRU Realty Pro

Members of the Ottawa Real Estate Board (OREB) sold 601 residential properties in December through the Board’s Multiple Listing Service® (MLS®) System, compared with 857 in December 2021, a decrease of 30%. December’s sales included 466 in the residential-property class, down 22% from a year ago, and 135 in the condominium-property category, a decrease of 48% from December 2021. The five-year average for total unit sales in December is 775.

2022 in Review
Residential and condo resales in 2022 totaled 15,288, compared with 20,289 in 2021, decreasing 25%. Total sales volume in 2022 was approximately $10.5B compared to $13B in 2021.

“Even with the normal seasonal slowdown, December’s performance was in stark contrast to the very active resale market that opened 2022,” says OREB’s newly installed 2023 President. “As interest rates and inflation both climbed, buyers retreated to the sidelines and began taking a wait and see approach. However, while it’s quieter than the frantic pace we experienced in 2021, it is now a balanced market.”

By the Numbers – Average Prices:

The average sale price for a condominium-class property in December was $434,973, an increase of 9% from 2021.
The average sale price for a residential-class property was $655,839, decreasing 7% from a year ago.
With year-to-date average sale prices at $769,623 for residential units and $453,770 for condominiums, these values represent a 7% increase over 2021 for residential-class properties and an 8% increase for condominium-class properties.

“Although market activity tapered off in later 2022, there was an immense amount of activity in the spring at high prices. This will be an important caveat to consider as we begin comparing 2023 numbers to the previous year.”

By the Numbers – Inventory & New Listings:

• Months of Inventory for the residential-class properties has increased to 3.7 months from 0.9 months in December 2021.
Months of Inventory for condominium-class properties has increased to 3.9 months from 0.9 months in December 2021.
December’s new listings (699) were 17% higher than 2021 (600) and down 56% from November 2022 (1,598). The 5-year average for new listings in December is 662.

“The leading economic force behind Ottawa’s rapid appreciation in the past five years is chronic supply insufficiency. It intensified during the pandemic as prospective purchasers capitalized on incredibly low interest rates. Today’s higher rates are slowing down building projects, which exacerbates the low supply issue.”

2023 Lookahead
“Since Ottawa is made up of hyper-local markets, it is a difficult ecosystem to forecast. Plus, there are a multitude of factors influencing a changing economic environment these days that will dictate how much activity the resale market will see in 2023. REALTORS® have access to expert insights and industry resources that can help buyers and sellers navigate the complexities.”

REALTORS® also help with finding rentals and vetting potential tenants. OREB Members have assisted clients with renting 6,105 properties this past year compared to 4,813 in 2021.

Courtesy of the Ottawa Real Estate Board

Read

Welcome to TRU Realty - Tony Saikley

Posted on December 29, 2022 by TRU Realty

Posted in Ottawa, Ottawa Real Estate, TRU, TRU Realty, TRU Realty Pro

We are really pleased to announce that Tony Saikley has joined TRU Realty!

Tony brings a wealth of experience and knowledge in real estate - investing, owning, developing, leasing, managing, buying & selling! Experience that can be a huge advantage to his clients. In addition, Tony appreciates values such as honesty, integrity and hard work. Qualities that clients want and need in their real estate transactions. In turn, these are qualities that TRU Realty values and attracted Tony to our brokerage.

On behalf of Tony, we invite all of his past clients, family and friends, to contact him with any and all their real estate needs!

Read

Welcome to TRU Realty - Kevin Benjamin

Posted on December 28, 2022 by TRU Realty

Posted in Ottawa, Ottawa Real Estate, TRU, TRU Realty, TRU Realty Pro

We are really thrilled to announce that Kevin Benjamin has joined TRU Realty!
After earning a BA in Geography at Brock University, Kevin has applied his education, skills & experience to several industries and endeavours from management to business owner to sales! He has pursued that same passion and expertise in his career in real estate since 2020! Kevin recognizes at the heart of every real estate transaction are people. He endeavours to provide his clients with the honesty, sincerity and reliability that they deserve when buying or selling. Qualities that mark his professionalism. It is those same qualities that Kevin saw in TRU Realty that will support him and his clients. We encourage all of Kevin's family, friends and past clients to contact him today!

Read

New property listed in Ottawa

Posted on December 22, 2022 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 858 CHIPPING CIRCLE in Ottawa.

See details here

Premium 3 Bed, 2.5 Bath END Unit Townhome sits on an oversized Premium lot, No Rear Neighbors, Modern, Richcraft's Largest townhome (2021-Fairhaven model) over 2500 SqFt.Open concept main floor offers a 9 FT ceiling and opens above features in the bright living room, gas fireplace, and sun-filled windows making the main floor feel like spring in the cold winter. Energy star certified home offers a Larger Living Area, Pot Lights & Hardwood Throughout! the main floor Bright Kitchen has SS Appliances w/Chimney Hood Fan, Quartz Countertops, Extended & Display Cabinetry Island w/Breakfast Bar. The second level offer Primary Bedrm w/W.I.C. & Spa-Like 4pc Ensuite w/Quartz Counter Vanity, Soaker Tub & Shower w/Bench! 2 Additional Bedrms, and a Large Loft Area could easily be converted to a 4th bedroom, Full Bath & Laundry RM Complete Upper! FIN BSMT Large REC RM, Rough-In for a 4th Bathroom & Plenty of Storage! Excellent Location Close to Parks, Shops, Schools & Limebank LRT Station open 2023. (id:2493)

Read

New property listed in Ottawa

Posted on December 21, 2022 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 805 CARLING AVENUE UNIT#2207 in Ottawa.

See details here

Amazing views from this luxurious, modern & brightly lit corner unit of Ottawa’s tallest condo - the Claridge Icon. Panoramic view of Dows Lake, Rideau Canal & Ottawa from the floor to ceiling windows & 3 private balconies. This stunning unit features spacious bedroom, elegant bathroom with glass walk-in shower, beautiful kitchen with quartz countertop, stainless steel appliances, in-unit laundry, 1 underground parking, and a storage locker. Open concept living with gorgeous hardwood floor is flooded with natural lights and breathtaking views from the floor to ceiling windows. Many amenities: 24 hour concierge, indoor pool, gym, sauna, movie theatre, party rooms, guest suites & more. Walking distance to restaurants, entertainment & shops in Little Italy. Enjoy Dows Lake & the Canal in all seasons & close to Civic Hospital, Carleton University, the Glebe & Landsdowne Park. (id:2493)

Read

New property listed in Ottawa

Posted on December 10, 2022 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 209 FINSBURY AVENUE in Ottawa.

See details here

Welcome to this beautiful brand New End Unit townhouse BACKING to a School! Located in a desirable Westwood Stittsville. The main floor features 9' high ceilings, a ceramic foyer, gleaming hardwood throughout living & dining rooms, GAS FP, a modern kitchen with Quartz countertops, and a PANTRY. The 2nd floor features a Primary bedroom complete with a very spacious walk in closet, 4pc Ensuite with both a Tub & a separate shower. Two other spacious bedrooms , a full bathroom & LARGE beautiful and very convenient laundry room . The home offers 2155 sqft of living space with open to below fully finished large, bright family room & ample storage/utility area in the basement. The Garage is specious so you don't have to worry about your snow blower or bicycles. Close to Schools, parks, Walmart, public transit, Banks, Highway, Grocery, shopping, Canadian Tire Centre, and all other amenities. (id:2493)

Read

New property listed in Ottawa

Posted on December 7, 2022 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 377 RIVER LANDING AVENUE in Ottawa.

See details here

Rarely offered Popular Mattamy Homes -Valleyfield model in Half Moon Bay-Barrhaven.Approx 3000 Sq.ft of space with 4 Bed and 4 Bath with Finished basement, Main floor's 9-foot Ceilings, a thoughtful and functional floor plan with a private office, an elegant formal dining room, and a HUGE kitchen overlooking a south-facing fenced backyard. The Second-floor consists of higher ceilings with an open loft and balcony, creating a feeling of spaciousness, a Laundry room with lots of storage, and four large-sized bedrooms. The Master bedroom offers a HUGE walk-in closet and a Beautiful En-suite with a double sink vanity and granite countertop. A newly finished basement with an extra full bathroom and a bright open area allows you to do whatever you want for your family activities. The fully-fenced rear yard has a cobblestone patio and plenty of room for an in-ground pool, garden, or play structure. Excellent Neighbourhood Steps to Parks, Best Schools, Transit, Nature & Minto REC Centre. (id:2493)

Read

Ottawa Market Trends November 2022

Posted on December 5, 2022 by TRU Realty

Posted in Ottawa, Ottawa Real Estate, TRU, TRU Realty, TRU Realty Pro

Members of the Ottawa Real Estate Board (OREB) sold 846 residential properties in November through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,456 in November 2021, a decrease of 42%. November’s sales included 658 in the residential-property class, down 39% from a year ago, and 188 in the condominium-property category, a decrease of 50% from November 2021. The five-year average for total unit sales in November is 1,270.

“November’s sales were expectedly low given the typical slowdown this time of year but they also reflect today's economic conditions," says OREB's 2022 President. “This is not isolated to our local market. Globally, we’re still adjusting to the post-pandemic world and that affects demand, pricing, interest rates, cost of living, supply chain disruptions and more. As a result, those who can, are waiting and watching.”

By the Numbers – Average Prices:

The average sale price for a condominium-class property in November was $415,533, a decrease of 4% from 2021.
The average sale price for a residential-class property was $680,031, decreasing 5% from a year ago.
With year-to-date average sale prices at $774,422 for residential units and $454,436 for condominiums, these values represent an 8% increase over 2021 for both property classes.

“What’s concerning about the current market is the impact on first-time homebuyers. The marked decrease in condo sales, for example, signals that even entry-level properties are being affected. Fluctuating markets, paired with the stress test, are keeping first-time buyers on the sidelines in a tight rental market—with MLS® rentals increasing 27% this year over last.”

By the Numbers – Inventory & New Listings:

Months of Inventory for the residential-class properties has increased to 3.5 months from 0.9 months in 2021.
Months of Inventory for condominium-class properties has increased to 3.4 months from 1.1 months in 2021.
November’s new listings (1,598) were 12% higher than 2021 (1,429) and down 22% from October 2022 (2,046). The 5-year average for new listings in November is 1,398.

“With nearly four months of inventory and an average 30 days on market, Ottawa now has a balanced resale market, slightly tipping toward the buyers. Sellers are well-advised to work with a REALTOR® who has hyper-local knowledge about specific neighbourhoods, appropriate price points and ideal timing. Prices are adjusting but real estate is a long-term investment. It’s the same reason I tell buyers to marry the house and date the rate.”

Courtesy of the Ottawa Real Estate Board

Read

Welcome to TRU Realty - Roger Senecal

Posted on December 5, 2022 by TRU Realty

Posted in Ottawa, Ottawa Real Estate, TRU, TRU Realty, TRU Realty Pro

We are really honoured to welcome Roger Senecal to TRU Realty! Roger has a background in geography and business from the University of Alberta. As a result, Roger has a keen interest in land use, resource planning, environmental and resource management, renewable energy, sustainability, and energy-efficient housing. This has translated into Roger’s experience in advocacy, building and retrofitting homes for both himself and development and assisting his clients as well. In addition, Roger places great emphasis on professionalism through education and high ethical standards, qualities that attracted him to TRU Realty and its management.

Roger lives in Hintonburg with his spouse and daughter and looks forward to assisting any and all in their real estate needs. Contact Roger today!

Read

New property listed in Ottawa

Posted on December 5, 2022 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 669 RYE GRASS WAY in Ottawa.

See details here

This is the home you have been waiting for! A never lived in detached 2 storey on a quiet cul-de-sac with a huge pie-shaped yard! This Mattamy floorplan is one of the most popular & you can see why - it is an open airy feel with lots of light & huge 9-foot ceilings! The main floor will be the hub of the home with a huge kitchen open to the great room, fireplace and dining area. Note the convenient mud room with a built-in bench & huge walk-in closet. On the 2nd floor, the primary bedroom suite is stunning! A gorgeous ensuite with a glass shower, stand-alone tub & massive walk-in closet. The second bedroom has its own ensuite & walk-in & bedrooms 3 & 4 share a jack-and-jill! Do not miss the full laundry room on this floor. The basement is ready to be developed with a rough-in for a 4th full bath. Just a block from the park & with schools & shopping nearby, you have everything a family could want and more! Book a visit & begin making memories here! (id:2493)

Read

New property listed in Ottawa

Posted on December 5, 2022 by Kevin Saunders

Posted in Ottawa Real Estate

We are very excited to share our new listing at 669 RYE GRASS WAY in Ottawa.

See details here

This is the home you have been waiting for! A never lived in detached 2 storey on a quiet cul-de-sac with a huge pie-shaped yard! This Mattamy floorplan is one of the most popular & you can see why - it is an open airy feel with lots of light & huge 9-foot ceilings! The main floor will be the hub of the home with a huge kitchen open to the great room, fireplace and dining area. Note the convenient mud room with a built-in bench & huge walk-in closet. On the 2nd floor, the primary bedroom suite is stunning! A gorgeous ensuite with a glass shower, stand-alone tub & massive walk-in closet. The second bedroom has its own ensuite & walk-in & bedrooms 3 & 4 share a jack-and-jill! Do not miss the full laundry room on this floor. The basement is ready to be developed with a rough-in for a 4th full bath. Just a block from the park & with schools & shopping nearby, you have everything a family could want and more! Book a visit & begin making memories here! (id:2493)

Read

New property listed in Ottawa

Ottawa Market Trends December 2022

Welcome to TRU Realty - Tony Saikley

Welcome to TRU Realty - Kevin Benjamin

New property listed in Ottawa

New property listed in Ottawa

New property listed in Ottawa

New property listed in Ottawa

Ottawa Market Trends November 2022

Welcome to TRU Realty - Roger Senecal

New property listed in Ottawa

New property listed in Ottawa

Contact Us

Why buy with us?

Why sell with us?