At TRU Realty, we are thrilled to welcome the newest addition to our team, Lee Cummings. With many years of experience as a licensed Realtor, Lee brings a wealth of expertise to our brokerage. His specialization in rural properties south of Ottawa, including areas like Kemptville and Metcalfe, makes him a valuable asset to our real estate family.

Lee Cummings has established himself as a trusted name in the real estate industry, and he is committed to serving you in all your real estate needs. Whether you're looking to list, buy, or rent a property in the beautiful countryside around Ottawa, Lee is your go-to Realtor.

Why Choose Lee Cummings?

• Local Knowledge: Lee's in-depth knowledge of the rural real estate market in the Ottawa region, particularly in Kemptville and Metcalfe, is unmatched. He understands the unique aspects of these areas, ensuring you make informed decisions.

• Experience: With his many years in the industry, Lee has a proven track record of successful real estate transactions. You can trust him to guide you through the process with professionalism and integrity.

• Client-Centric Approach: Lee values his clients and goes the extra mile to meet their real estate needs. He invites all his past clients to reconnect with him and experience the exceptional service he provides.

If you've worked with Lee Cummings in the past, we encourage you to reach out to him for your future real estate endeavours. And if you're new to the area or looking for an expert in rural properties, Lee is here to help you achieve your real estate goals.

Get in Touch

To contact Lee Cummings and explore your real estate options in the Ottawa area, please feel free to reach out to him. At TRU Realty, we're excited to have Lee on board, and we know you'll appreciate his dedication to professionalism and client satisfaction.

Stay tuned for more updates and insights from TRU Realty as we continue to define professionalism in real estate. We're here to assist you with all your real estate needs in Eastern Ontario!

A Taste of Excellence Transitions to Real Estate Brilliance

We are delighted to introduce you to the latest addition to our dynamic real estate team here at TRU Realty, Mr. Ranjan Thanabalasingam. With a history of culinary excellence, Ranjan is now bringing his passion for perfection to the world of real estate, promising a delightful experience for all his clients.

From Chef to Realtor: A Remarkable Transition

You may remember Ranjan from his days as the owner of one of the city's most beloved restaurants. His culinary skills and warm hospitality made him a household name in the city, but now, Ranjan is dishing out a new recipe for success in the world of real estate.

Serving the Sri Lankan Community

Ranjan Thanabalasingam is not just a name; he's a symbol of trust and community in the Sri Lankan diaspora here in our city. His reputation for excellence and his deep connections within the Sri Lankan community make him the perfect choice for those looking to buy or sell real estate while staying connected to their roots.

Why Real Estate?

You might be wondering what led Ranjan to make this exciting career shift. The answer is simple: his unwavering dedication to helping people find their dream homes. Ranjan believes that, much like crafting the perfect dish, finding the perfect home requires a unique blend of ingredients – and he's here to mix them just right for you.

A Personal Touch: Your Recipe for Success

What sets Ranjan apart is his commitment to providing a personalized experience for each client. Just as he tailored his dishes to suit the palate of each customer, Ranjan is devoted to understanding your unique real estate needs and crafting the perfect plan to achieve your goals.

Why Choose Ranjan?

- Community Roots: Ranjan's deep ties within the Sri Lankan community mean he understands your cultural needs and preferences like no one else.

- Attention to Detail: Just as he paid close attention to the details in his restaurant, Ranjan brings the same meticulous eye for detail to your real estate transactions.

- Passion for Perfection: Ranjan's pursuit of excellence extends from the kitchen to your real estate journey. Expect nothing but the best.

Connect with Ranjan Today

Ready to embark on your real estate journey with Ranjan Thanabalasingam? Whether you're buying, selling, or just seeking some expert advice, Ranjan is here to serve you. Reach out to him and savour the experience of working with a Realtor who understands your unique needs.

At TRU Realty, we're proud to welcome Ranjan Thanabalasingam to our team, and we invite you to join us in celebrating this exciting new chapter. Your real estate dreams are about to become as delightful as your favorite dish! 🏡🌟

Members of the Ottawa Real Estate Board (OREB) sold 1,196 residential properties in August through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,130 in August 2022, an increase of 6%. August’s sales included 903 in the freehold-property class, up 7% from a year ago, and 293 in the condominium-property category, a 2% increase from August 2022. The five-year average for total unit sales in August is 1,525.

“Sales activity was up marginally on a year-over-year basis in August but remained well below the historical average for this time of year," says the OREB President. "There is no shortage of demand given increased immigration and the large Canadian population cohort entering the market. The lack of suitable, affordable housing is a hindrance. High borrowing costs and economic uncertainty are impacting both sellers and buyers, which we expect will continue to result in further market fluctuations.”

Janice Myers, OREB CEO, highlights that these latest figures coincide with the City of Ottawa's allocation of $110 million for affordable housing. “Even if interest rates were to drop and the economy stabilized, housing will remain out of reach for many Ottawa residents. Collaboration among all levels of government and stakeholders is vital to improving affordability for homeowners and tenants alike. And we need to expand provincial regulations, allowing four or more residential dwelling units on serviced lots, to promote higher-density housing.”

By the Numbers

Average Prices*:

• The average sale price for a freehold-class property in August was $709,739, an increase of 0.5% from 2022, and a 5.6% decrease over July 2023 prices.
• The average sale price for a condominium-class property was $425,968 an increase of 1% from a year ago, although 1.4% lower than July 2023 prices.
• With year-to-date average sale prices at $732,220 for freeholds and $432,571 for condos, these values represent an 8% decrease over 2022 for freehold-class properties and a 5.5% decrease for condominium-class properties.

Inventory & New Listings:

• August’s new listings (2,228) increased 7% over August 2022 (2,090) and were on par with last month (2,234). The 5-year average for new listings in August is 2,177.
• Months of Inventory for the freehold-class properties has increased to 3 months from 2.9 months in August 2022 and 2.7 months in July 2023.
• Months of Inventory for condominium-class properties remains on par with August 2022 at 2.2 months, a slight decrease from 2.3 months in July 2023.
• Days on market (DOM) for freeholds have increased to 31 days from 25 days in August 2022 and 26 days in July 2023.
• Days on market (DOM) for condos have increased to 29 days from 28 days in August 2022 and 28 days in July 2023.

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 4,571 properties compared to 4,172 last year at this time, an increase of 10%.

Courtesy of the Ottawa Real Estate Board

**Discover the Next Level of Real Estate Excellence with Rayanne Bendaoud at TRU Realty**

Are you ready to embark on an extraordinary journey towards finding your dream home? We are thrilled to introduce the newest member of the TRU Realty family, Rayanne Bendaoud! With a passion for real estate and a commitment to excellence, Rayanne is set to redefine your home-buying and selling experience.

**A Stellar Background:**

Rayanne Bendaoud is not just a Realtor; she is your dedicated partner on your real estate journey. As a licensed REALTOR® with an impressive background in public policy spanning over a decade, Rayanne brings ethical and diverse expertise to the table. Her experience in negotiations is second to none, ensuring that you'll achieve the most favourable terms and outcomes.

**Education and Expertise:**

Armed with a Bachelor's degree in Economics and Law, Rayanne's educational foundation provides a strong basis for navigating the intricate world of real estate. Her proficiency in understanding market dynamics, coupled with her hands-on experience in buying and selling homes, guarantees that you're in capable hands.

**Attention to Detail:**

What truly sets Rayanne apart is her genuine passion for home design and her impeccable eye for detail. Your home isn't just a property; it's an embodiment of your aspirations and lifestyle. With Rayanne's unique perspective, your journey towards finding the perfect home becomes an artistic and fulfilling endeavour.

**Why TRU Realty:**

Rayanne's choice to join TRU Realty speaks volumes about the brokerage's exceptional standards. She was drawn to the management's commitment to excellence, the innovative commission plan, and the unwavering support provided to each Realtor. At TRU Realty, professionalism isn't just a buzzword – it's a way of doing business that empowers our agents to deliver exceptional results.

**Opening Doors to Your Future Home:**

With Rayanne Bendaoud by your side, the doors to your future home are wide open. Whether you're a first-time buyer, a seasoned investor, or someone looking to sell, Rayanne's personalized approach and dedication to your goals ensure a smooth and successful transaction.

**Connect with Rayanne Today:**

Ready to take the next step towards your real estate dreams? Reach out to Rayanne Bendaoud today and discover how her passion, expertise, and commitment can turn your aspirations into reality.

At TRU Realty, we're more than a brokerage – we're a family dedicated to your success. Join us in welcoming Rayanne Bendaoud, and together, let's make your real estate dreams come true.

Members of the Ottawa Real Estate Board (OREB) sold 1,263 residential properties in July through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,102 in July 2022, an increase of 15%. July’s sales included 979 in the freehold-property class, up 18% from a year ago, and 284 in the condominium-property category, a 6% increase from July 2022. The five-year average for total unit sales in July is 1,621.

“Both transactions and average prices are up from last July indicating consumers remain confident in the market notwithstanding the two recent quarter-percent interest rate hikes by the Bank of Canada. We’re only a month into the third quarter, but based on July’s positive indicators, we are likely to see solid year-over-year results in the second half,” says Ottawa Real Estate Board President.

By the Numbers – Average Prices*:

• The average sale price for a freehold-class property in July was $754,188, an increase of 5% from 2022, and a 1% increase over June 2023 prices.
• The average sale price for a condominium-class property was $435,094 an increase of 2% from a year ago, although 3% lower than June 2023 prices.
• With year-to-date average sale prices at $735,103 for freeholds and $433,447 for condos, these values represent a 9% decrease over 2022 for freehold-class properties and a 6% decrease for condominium-class properties.

“July’s average prices are showing positive gains over last year, and year-to-date numbers, as expected, are still closing the gap from the peak pandemic market activity of early 2022. Additionally, inventory continues to climb steadily as new listings are added to the housing stock, creating more options for homebuyers. August may be a slower month in Ottawa, but I wouldn’t take a vacation from shopping for your home.”

By the Numbers – Inventory & New Listings:

• July’s new listings (2,234) were 6% lower than July 2022 (2,364) and down 19% from June 2023 (2,755). The 5-year average for new listings in July is 2,336.
• Months of Inventory for the freehold-class properties has decreased to 2.7 months from 2.9 months in July 2022 but increased from 2.1 months in June 2023.
• Months of Inventory for condominium-class properties has decreased to 2.3 months from 2.5 months in July 2022, but is up from 1.4 months in June 2023.
• Days on market (DOM) for freeholds have increased to 26 days from 20 days in July 2022 and 23 days from June 2023.
• Days on market (DOM) for condos have increased to 28 days from 20 days in July 2023 and 27 days in June 2023.

“Although we are in a sellers’ market again, the pandemic’s frenzy has calmed considerably. Sellers need to manage their expectations with true market activity — not every property will automatically see multiple offers or immediate sales. Ultimately, a property’s price is determined by how much a buyer is willing to pay. Using the marketing and negotiation skills of a professional licensed REALTOR® is instrumental for both buyers and sellers in this fluid market.”

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 3,921 properties compared to 3,528 last year at this time, an increase of 11%.

Courtesy of the Ottawa Real Estate Board

Introduction:

TRU Realty, one of Ottawa's leading real estate brokerages, is excited to announce the addition of Ameer Abdulkader to our team. With a wealth of experience and a passion for client success, Ameer has joined us as a Realtor, bringing exceptional expertise to our brokerage. We are confident that his extensive background and dedication will greatly benefit our clients and enhance our services.

Ameer Abdulkader: A Professional with a Difference

Ameer Abdulkader's decision to become a Realtor showcases his commitment to providing outstanding service. With years of experience in the high-tech industry, Ameer offers a unique perspective and diverse skill set to TRU Realty. His in-depth knowledge of the market, local regulations, and negotiation strategies enables him to handle any challenge effectively.

Expertise and Dedication to Client Satisfaction

Ameer's keen eye for detail and ability to understand each client's unique needs set him apart. Ameer is dedicated to ensuring client satisfaction and goes above and beyond to deliver a seamless and stress-free experience. His exceptional communication skills and genuine empathy foster strong relationships with clients, guiding them through their real estate journey.

Why TRU Realty?

Ameer's decision to join TRU Realty speaks volumes about our brokerage's reputation. Known for our commitment to excellence, transparency, and innovation, we align perfectly with Ameer's values. By joining our team, Ameer gains access to a vast network of industry professionals, cutting-edge technology, and comprehensive resources, enhancing his ability to provide unparalleled service to clients.

Conclusion:

TRU Realty warmly welcomes Ameer Abdulkader as our newest Realtor, confident in his ability to bring exceptional value to our clients. With his comprehensive knowledge, dedication, and client-centric approach, Ameer is an invaluable addition to our team. Whether you're buying, selling, or investing in real estate, Ameer and TRU Realty are here to guide you towards success. Contact us today to experience the difference Ameer Abdulkader and our team can make in your real estate journey.

Members of the Ottawa Real Estate Board (OREB) sold 1,658 residential properties in June through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,493 in June 2022, an increase of 11%. June’s sales included 1,234 in the freehold-property class, up 10% from a year ago, and 424 in the condominium-property category, a 16% increase from June 2022. The five-year average for total unit sales in June is 1,881.

“Although June’s transactions surpassed last year’s, the number of sales, average prices, and new listings declined on a week-to-week basis over the course of the month. Compounded by the typical summer decline in activity, the Bank of Canada’s interest rate adjustment at the beginning of the month may have also flattened the curve,” says Ottawa Real Estate Board President.

By the Numbers – Average Prices*:

• The average sale price for a freehold-class property in June was $746,445, a decrease of 4% from 2022, but still on par with May 2023 prices.

• The average sale price for a condominium-class property was $448,380, an increase of 2% from a year ago and up 1% over May 2023 prices.

• With year-to-date average sale prices at $731,847 for freeholds and $432,885 for condos, these values represent a 10% decrease over 2022 for freehold-class properties and a 7% decrease for condominium-class properties.

“Supply is trending in the right direction. The increase in inventory is encouraging and indicates sellers have confidence in the market. A growing resale housing stock will result in more selection for buyers and more sales.”

By the Numbers – Inventory & New Listings:

• June’s new listings (2,758) were 14% lower than June 2022 (3,212) and down 2% from May 2023 (2,822). The 5-year average for new listings in June is 2,802.

• Months of Inventory for the freehold-class properties has increased to 2.1 months from 1.9 months in June 2022 and 1.5 months in May 2023.

• Months of Inventory for condominium-class properties has decreased to 1.4 months from 1.6 months in June 2022, although up from 1.3 months in May 2023.

• Days on market (DOM) for freeholds stayed on par with last month at 23 days and increased to 27 days for condos compared to last month (26 days).

“We are looking forward to a strong second half of 2023 in terms of sales volume and prices compared to last year. Whichever side of the transaction you are on, the advice of a professional REALTOR® who has their pulse on the week-to-week variabilities in Ottawa’s resale market is priceless.”

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 3,336 properties compared to 2,919 last year at this time, an increase of 14%.

* Courtesy of the Ottawa Real Estate Board. OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.