RSS

Welcome to TRU Realty - Trevor Crane
We are excited to announce that Trevor Crane has joined our team at TRU Realty as a licensed Realtor. With over four years of experience in the real estate industry and a background in technology, Trevor brings a unique perspective to our brokerage.

Trevor chose TRU Realty because he was impressed by our Commission Plan, Value, Flexibility, and commitment to truth and honesty. These values are at the core of our business, and we are proud to have Trevor as part of our team.

As a Realtor, Trevor is committed to providing exceptional service and care to his clients. He understands that buying or selling a home can be a significant life event, and he is dedicated to making the process as smooth and stress-free as possible. With his knowledge of the Ottawa area and his experience in real estate, Trevor is well-equipped to help his clients make informed decisions.

At TRU Realty, we believe in building strong relationships with our clients. Trust and transparency are essential in any business transaction, especially in real estate. That's why we are thrilled to have Trevor, who shares our values and commitment to honesty and integrity.

Whether you are a first-time homebuyer or an experienced investor, Trevor is ready to help you navigate the Ottawa real estate market. He is dedicated to providing personalized service and tailored solutions to meet your unique needs.

We are excited to have Trevor Crane as part of our team at TRU Realty. If you want to buy or sell a home in the Ottawa area, we invite you to contact Trevor today. He is committed to providing exceptional service and care to his clients, and he looks forward to helping you achieve your real estate goals.
Read

Welcome to TRU Realty - Remik Kotecki

We are thrilled to announce that Remik Kotecki has recently joined our brokerage, TRU Realty. Remik is a licensed Realtor with over four years of experience and brings with him a wealth of knowledge and expertise in the real estate industry.

Prior to pursuing a career in real estate, Remik worked in the technology industry, which has given him a unique perspective on the rapidly evolving market trends and the intersection between real estate and technology.

Remik chose to join TRU Realty because he was impressed by our commission plan, value, flexibility, and most importantly, our commitment to truth and honesty. Our brokerage's values align closely with Remik's own values and he is eager to provide exceptional service and care to his clients in the Ottawa area.

Remik understands that buying or selling a home is one of the most significant decisions in a person's life, and he is committed to helping his clients navigate the complex real estate market with confidence and ease. He has a deep understanding of the local real estate market and is always up-to-date with the latest industry trends, ensuring that his clients are well-informed throughout the buying or selling process.

At TRU Realty, we are committed to providing our clients with an unparalleled level of service and support, and Remik shares our vision. He is dedicated to building long-lasting relationships with his clients and is passionate about helping them achieve their real estate goals.

If you are looking to buy or sell a property in the Ottawa area, we encourage you to reach out to Remik Kotecki at TRU Realty. With his experience, expertise, and commitment to excellence, you can trust that you are in good hands.

Read

Welcome to TRU Realty - Chris McCann

We are thrilled to announce that Chris McCann has recently joined TRU Realty! With his extensive experience in the industry, we are confident that Chris will be a valuable addition to our team and will help us continue to provide excellent service to our clients.

Chris has been involved in the real estate industry for over a decade, working in a variety of roles. He has a deep understanding of the market and has helped numerous clients successfully buy, sell, and rent properties throughout his career.

In addition to his professional experience, Chris is also known for his dedication to providing exceptional customer service. He understands that buying or selling a property can be a stressful experience and works tirelessly to ensure that his clients are supported throughout the entire process. His attention to detail and strong communication skills make him a pleasure to work with. Qualities that we appreciate at TRU!

We are excited to have Chris on board and look forward to seeing the positive impact he will have on our brokerage. If you're in the market for a new property, be sure to get in touch with Chris and experience his expertise and professionalism firsthand.

Please join us in welcoming Chris McCann to our team!

Read

Ottawa Market Trends January 2023

Members of the Ottawa Real Estate Board (OREB) sold 606 residential properties in January through the Board’s Multiple Listing Service® (MLS®) System, compared with 933 in January 2022, a decrease of 35%. January’s sales included 460 in the freehold-property class, down 30% from a year ago, and 146 in the condominium-property category, a decrease of 47% from January 2022. The five-year average for total unit sales in January is 819.

“January’s marked slow down in unit sales over 2022 indicates potential home buyers are taking their time,” says the OREB President. “While last month saw the culmination of the succession of interest rate hikes announced by the Bank of Canada, affordability remains a factor. They may be waiting for a shift in listing prices. They’re being cautious in uncertain conditions.”

By the Numbers – Average Prices:
  • The average sale price for a condominium-class property in January was $412,244, a decrease of 8% from 2022.
  • • The average sale price for a freehold-class property was $676,272, decreasing 12% from a year ago.
“Despite the decrease in average prices, the market should not be considered on a downward slide. A hyper COVID-19 seller’s market is now levelling out to our current balanced market state.”

“On a positive note, in comparison to December’s figures, January’s average price of freehold properties increased by 3%. The average price of condos did fall by 5% compared to December but condo pricing tends to fluctuate more due to the small data set.”

By the Numbers – Inventory & New Listings:
  • Months of Inventory for the freehold-class properties has increased to 3.8 months from 0.9 months in January 2022.
  • Months of Inventory for condominium-class properties has increased to 3.8 months from 0.8 months in January 2022.
  • January’s new listings (1,324) were 16% higher than 2022 (1,142) and up 89% from December 2022 (699). The 5-year average for new listings in January is 1,233.
“Ottawa’s inventory and days on market figures are typical for a balanced market and another sign that buyers are no longer racing to put in an offer. The increase in new listings and supply is a boon for home buyers, who now have more selection and the ability to put in conditions at a less frantic pace. REALTORS® are an essential resource in finding the right property for the right buyer. On the other side of the transaction, REALTORS® can help sellers with hyper-local insights about how to sell in their neighbourhood at a time when pricing is key.”

More people are turning to REALTORS® for help renting properties — 509 this month compared to 410 in January 2022, an increase of 24%. “Even with the increase in housing stock, the tighter rental market is another indication that affordability is keeping some potential buyers on the sidelines.”

Courtesy of the Ottawa Real Estate Board
Read

Welcome to TRU Realty - Zaman Naz

We are very happy to announce that Zaman Naz has joined TRU Realty.

Zaman has been licensed for several years to trade in real estate and in addition, has a lengthy career in business, administration and lending. Zaman appreciated TRU Realty's management, flexibility and dedicated team support which he recognized will be an asset for him that will in turn assist his clients.

We encourage all Zaman's past and future clients to contact him for all their real estate needs! 

Read

Welcome to TRU Realty - Patricia Clarke

We are really proud to announce that Patricia Clarke has joined TRU Realty!

Patricia has been selling real estate for over 17 years not only in Ontario but also in Latin America! Patricia is not one to rest on her laurels as evidenced in her pursuit of education. For example, her Bachelor degree in Business, her Master's degree in Marketing and her diploma in Interior Design & her Broker's designation to trade in real estate in Ontario have been put to good use in assisting her client's listing and purchasing real estate. That passion and experience have made her well-known throughout the city of Ottawa, the Latin community and within the industry. So much so that she has been voted a finalist as “Ottawa’s Best Real Estate Agent” in Faces Magazine for three consecutive years (2020, 2021 & 2022)!

With her husband and business partner Peter, Patricia looks forward to assisting many more to achieve their real estate goals! At TRU Realty, we are thrilled to support professionals that exude the same qualities of integrity and honesty that we have for real estate! We welcome all to contact Patricia & Peter today!

Read

Welcome to TRU Realty - Peter Clarke

We are so excited to announce that Peter Clarke has joined TRU Realty!

Since 2005, Peter has been assisting his clients' purchase and sell residential and investment properties. As an "Ottawa boy" born and raised in the city, he knows the intricacies and history of the area. That experience along with his background in technology & his Broker designation has made him the first person people call when they have questions about real estate. Along with his wife and partner Patricia, they appreciated the personal attention and support that TRU Realty offered.

We welcome all of Peter's family, friends, and past and future clients to reach out to him for all their real estate needs!

Read

Welcome to TRU Realty - Isam Hashweh

We are really proud to announce that Isam Hashweh has joined TRU Realty!

Isam is a Construction Engineer with decades of experience and in addition, a real estate entrepreneur who is passionate about helping others to achieve their goals. His background in Construction and Engineering gives him a firm grasp on the negotiation process that provides him with a unique edge over the competition. Isam has a proven track record for helping buyers find not just a home, but the right home for their needs, and for showing sellers how to navigate the pricing and marketing strategies that will help them achieve their goals.

Isam chose TRU Realty for its dedication to supporting its agents through consistent and responsive administration and management. We welcome all of Isam's past clients to contact him for all their real estate needs!

Read

Ottawa Market Trends December 2022
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

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
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
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.