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Welcome to TRU Realty - Ramvir Ahlawat

**Introducing Ramvir Ahlawat: A Valuable Addition to TRU Realty**

We are thrilled to announce the newest member of our real estate family, Ramvir Ahlawat, who has chosen to join TRU Realty because of our management style and shared values. With over 14 years of experience in the real estate industry, Ramvir brings a wealth of knowledge and a commitment to excellence that aligns perfectly with our brokerage's mission.

Originally hailing from Toronto, Ramvir's transition to Ottawa has been seamless, thanks to his unwavering dedication to putting clients first. His unique guarantees, attention to detail, and friendly demeanor have earned him a reputation as one of the most trusted brokers in the field.

Ramvir's approach to client service is simple yet profound: "I tell every client that they're the most important part of the transaction, and I fully believe that." This client-centric philosophy drives his every interaction, ensuring that each individual receives the personalized attention and support they deserve.

Whether assisting first-time homebuyers or seasoned investors with multiple properties, Ramvir's commitment to guiding his clients through every step of the process is unwavering. His expertise in investment properties, coupled with his meticulous approach to client care, makes him an invaluable asset to anyone navigating the real estate market.

Beyond his professional accomplishments, Ramvir is deeply committed to giving back to his community. He has been actively involved in various charitable organizations, including the World Wildlife Foundation and CHEO. His belief in the importance of community involvement underscores his dedication to making a positive impact both in and out of the office.

At TRU Realty, we pride ourselves on providing exceptional service and support to our clients, and Ramvir Ahlawat embodies these values wholeheartedly. We are confident that his expertise, integrity, and passion for real estate will make him an indispensable member of our team, and we look forward to the positive impact he will undoubtedly have on our clients and community alike.

Please join us in welcoming Ramvir Ahlawat to TRU Realty. With him on board, we are more equipped than ever to help you achieve your real estate goals.

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Welcome to TRU Realty - Ravi Tangudu

We're thrilled to announce the latest addition to the TRU Realty family: Ravi Tangudu! Ravi brings with him a wealth of real estate experience, fueled by his numerous successful investments in residential multi-family properties. While he may be newly licensed, Ravi's hands-on involvement in various purchases and sales of investment properties has honed his skills and knowledge, making him a valuable asset to our team and to investors across Ottawa.

Ravi's journey into real estate began with a passion for investment and a keen eye for lucrative opportunities. Over the years, he has navigated the intricate landscape of property transactions, gaining invaluable insights along the way. Now, he's eager to leverage his expertise to guide and support fellow investors in their endeavours, whether it's finding the perfect multi-family property or maximizing returns through strategic sales.

At TRU Realty, we pride ourselves on bringing together professionals who not only excel in their field but also share our commitment to integrity and client satisfaction. Ravi embodies these qualities wholeheartedly, and we couldn't be more excited to welcome him to our team.

With Ravi on board, our clients can expect personalized attention, tailored strategies, and unwavering dedication to achieving their investment goals. Whether you're a seasoned investor or just dipping your toes into the world of real estate, Ravi is here to provide the guidance and support you need to succeed.

Join us in extending a warm welcome to Ravi Tangudu! If you're ready to explore the possibilities in Ottawa's real estate market, don't hesitate to reach out. Together, we'll turn your investment dreams into reality.

Welcome aboard, Ravi!

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Ottawa Market Trends January 2024

The number of homes sold through the MLS® System of the Ottawa Real Estate Board totaled 629 units in January 2024. This was an increase of 16.5% from January 2023.

Home sales were 10.7% below the five-year average and 3.9% below the 10-year average for the month of January.

“Ottawa’s market activity is seeing positive gains over last year but it’s still a relatively quiet market even by pre-pandemic standards,” says OREB President. “While REALTORS® are telling us there’s lots of showing activity — probably thanks in part to the forgiving winter thus far — it’s not all translating to sales. This tells us that buyers are back out there looking, but still approaching cautiously. During the pandemic market, buyers had to move quickly and sometimes settle for a property that didn’t check all their boxes. Today, buyers are using the slower market to take the time needed to find their perfect place. Sellers would be well-advised to adjust their expectations and thoughtfully consider their pricing and timing strategy using the negotiating expertise and hyper-local data their REALTOR® can provide.”

“Ottawa’s market conditions can fluctuate quickly, though, because our supply is chronically low,” adds Brandon Reay, OREB’s policy and external relations manager. “Ottawa needs more suitable and affordable homes to address the housing crisis, and we need to increase density to meet population demands. We can’t restore and grow upon the market activity Ottawa saw five and ten years ago without more houses for people to buy. OREB recommends direct solutions for meaningful policy change, including streamlining the process at the Ontario Land Tribunal, eliminating exclusionary zoning, and permitting four units on residential lots. To meet the aggressive housing targets, we need to close the labour gap with investments in colleges and trade schools. We don’t need any more reactionary and distracting policy, like the federal government’s extension of the foreign buyers ban.”

By the Numbers – Prices:

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.

  • The overall MLS® HPI composite benchmark price was $621,600 in January 2024, a gain of 3.2% from January 2023.
    • The benchmark price for single-family homes was $703,500, up 3.7% on a year-over-year basis in January.
    • By comparison, the benchmark price for a townhouse/row unit was $462,200, down 2.1% compared to a year earlier.
    • The benchmark apartment price was $418,500, up 3.7% from year-ago levels.
  • The average price of homes sold in January 2024 was $631,722, increasing 1.8% from January 2023.
  • The dollar volume of all home sales in January 2024 was $397.3 million, up 18.6% from the same month in 2023.

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.

By the Numbers – Inventory & New Listings:

  • The number of new listings saw an increase of 7.3% from January 2023. There were 1,271 new residential listings in January 2024. New listings were 17.5% above the five-year average and 0.8% above the 10-year average for the month of January.
  • Active residential listings numbered 1,961 units on the market at the end of January 2024, a gain of 4.5% from the end of January 2023.
  • Active listings were 57.4% above the five-year average and 16.6% below the 10-year average for the month of January. Months of inventory numbered 3.1 at the end of January 2024, down from the 3.5 months recorded at the end of January 2023. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Courtesy of the Ottawa Real Estate Board

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Welcome to TRU Realty - Dora Dalietos

We are delighted to announce the newest addition to our TRU Realty family – Dora Dalietos! As a brokerage that takes pride in defining professionalism in real estate, we are thrilled to welcome an agent who perfectly aligns with our values and brings a wealth of experience to the table.

**Why TRU Realty?**
Dora chose TRU Realty because of our commitment to effective management, exceptional value, and flexibility. Our dedication to providing a cost-effective solution for Realtors, along with a strong emphasis on professionalism, resonated with Dora as she embarked on this exciting journey with us.

**Multilingual Expertise**
One of the remarkable qualities Dora brings to TRU Realty is her multilingual proficiency. Fluent in English, French, and Greek, she effortlessly navigates conversations in all three languages. This linguistic diversity allows her to connect with clients on a deeper level and provide a personalized and inclusive experience.

**A Background in Event Management**
With over 10 years of experience in the Event Management industry, Dora brings a unique skill set to real estate. Her background has honed her attention to detail and customer service expertise, qualities that are invaluable when working with clients to buy or sell their homes.

**Passion for Real Estate**
After owning several homes and living in different provinces, Dora decided to pursue her passion for real estate. She obtained her real estate license in June 2021 and has achieved remarkable success in her career since then. Her journey reflects her dedication to continuous growth and excellence in the field.

**A Warm Welcome to Dora Dalietos**
We are honoured to have Dora Dalietos as part of the TRU Realty team. Her commitment to professionalism, linguistic versatility, and wealth of experience make her a valuable asset, and we look forward to achieving new heights together.

Join us in extending a warm welcome to Dora! We're excited about the expertise and enthusiasm she brings to TRU Realty.

Stay tuned for more updates and success stories from our growing team!

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Welcome to TRU Realty - Sandra Idone

Exciting news is on the horizon as TRU Realty proudly announces the newest addition to our team: Sandra Idone! With a wealth of experience, a keen eye for new infill construction, and a passion for interior design, Sandra brings a unique blend of expertise to our brokerage.

About Sandra Idone:

Sandra has been a seasoned professional in the real estate industry, garnering experience and accolades for her exceptional work in the Ottawa market. Her specialization in new infill construction and interior design sets her apart, making her a valuable asset for clients seeking not just a home but a personalized living experience.

Community Connection:

What truly sets Sandra apart is her deep-rooted connection to the Ottawa community. With a strong network and understanding of the local dynamics, Sandra is well-equipped to serve the diverse needs of our clients. Whether you're a first-time homebuyer, looking to upgrade, or seeking a property investment, Sandra's personalized approach ensures a seamless and rewarding real estate journey.

Why TRU Realty?

Sandra Idone chose TRU Realty for our commitment to professionalism, cost-effective solutions, and efficient management. At TRU Realty, we take pride in offering a supportive environment that empowers our Realtors to excel in their careers. Sandra recognized our dedication to defining professionalism in real estate, and we are thrilled to have her as part of our team.

As we welcome Sandra Idone to TRU Realty, we are confident that her skills, community ties, and dedication to excellence will contribute significantly to our continued success.

Please join us in extending a warm welcome to Sandra as she embarks on this exciting journey with TRU Realty. We look forward to achieving new milestones together and providing unparalleled real estate services to the Ottawa community.

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Ottawa Market Trends December 2023
The number of homes sold through the MLS® System of the Ottawa Real Estate Board totalled 565 units in December 2023. This was an increase of 7.6% from December 2022.

Home sales were 16% below the five-year average and 11.9% below the 10-year average for the month of December.

On a year-to-date basis, home sales totalled 11,978 units in all of 2023 — a decline of 11.0% from 2022.

“Ottawa’s resale market closed out the year in a steady, balanced state,” says the OREB President. “This could be an early indication that consumer confidence is returning. We likely won’t see the full impact of rate stabilization until the second half of 2024, but December’s activity bodes well for a strong year ahead in Ottawa.”

“It hasn’t been the easiest market,” says OREB’s Past-President. “And while we probably won’t return to the peak levels seen in 2022, Ottawa’s market is poised to recover any ground lost in the past year. Both buyers and sellers need extra patience right now, but solid opportunities are there.”

By the Numbers – Prices:

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.
  • The overall MLS® HPI composite benchmark price was $623,900 in December 2023, a modest gain of 2.7% from December 2022.
    • The benchmark price for single-family homes was $704,900, up 2.7% on a year-over-year basis in December.
    • By comparison, the benchmark price for a townhouse/row unit was $481,100, up 4.2% compared to a year earlier.
    • The benchmark apartment price was $417,200, up 2.1% from year-ago levels.
  • The average price of homes sold in December 2023 was $632,487, increasing 1.7% from December 2022. The more comprehensive year-to-date average price was $667,794, a decline of 5.5% from 2022.
  • The dollar value of all home sales in December 2023 was $357.3 million, up 9.4% from the same month in 2022.

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.

By the Numbers – Inventory & New Listings
  • The number of new listings saw a major decrease of 12.4% from December 2022. There were 523 new residential listings in December 2023. New listings were 4% below the five-year average and 16.1% below the 10-year average for the month of December.
  • Active residential listings numbered 1,844 units on the market at the end of December, a gain of 3.0% from the end of December 2022.
  • Active listings were 55.5% above the five-year average and 17.2% below the 10-year average for the month of December.
  • Months of inventory numbered 3.3 at the end of December 2023, down from the 3.4 months recorded at the end of December 2022. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Courtesy of the Ottawa Real Estate Board

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Welcome to TRU Realty - Michelle Lawn

We are thrilled to announce the newest member of our TRU Realty family, Michelle Lawn! As a dynamic and seasoned real estate professional, Michelle brings a wealth of experience and a unique perspective to our brokerage.

About Michelle Lawn:

Michelle is not just a real estate sales professional; she is a dedicated member of the Ottawa, Ontario, and Canadian real estate boards. Her journey into real estate started after spending years in the fashion industry. Michelle initially dipped her toes into the real estate world by handling personal transactions for herself and her family. The experience ignited a passion that led her to transition into real estate full-time.

Beyond her professional achievements, Michelle is an active community member in Barrhaven and a devoted mom to two vibrant boys. Her commitment to community and family values aligns seamlessly with TRU Realty's core principles.

A Commitment to Clients:

What sets Michelle apart is her unwavering dedication to her clients. She prides herself on her ability to find the perfect place to call home for her clients. Michelle's commitment extends beyond the transaction process – she is there for her clients every step of the way. Even after the deal is done, Michelle remains accessible for any questions or concerns, exemplifying the level of care and attention TRU Realty stands for.

Why TRU Realty:

Michelle chose TRU Realty for its outstanding management and unwavering commitment to professionalism in the real estate industry. At TRU Realty, we believe in defining professionalism in real estate, and Michelle's decision to join us is a testament to the value we bring to our team members.

Join Us in Welcoming Michelle Lawn:

We are excited to have Michelle on board as an active and professional Realtor. Her passion for real estate, dedication to clients, and alignment with TRU Realty's values make her a perfect addition to our team.

Please join us in extending a warm welcome to Michelle Lawn! We look forward to the continued success and growth that she will undoubtedly bring to TRU Realty.

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We are thrilled to announce the newest addition to our team at TRU Realty, Ihab Salah, a high-touch REALTOR® with an exceptional reputation in the Ottawa real estate market.

**About Ihab Salah:**
Ihab is renowned for his extensive market knowledge and unparalleled dedication to his clients. His success is built on positive referrals, a testament to the trust and satisfaction he consistently earns from those he serves. Ihab distinguishes himself by working tirelessly on behalf of his clients, providing candid advice that reflects his commitment to their best interests.

**Why TRU Realty?**
Ihab has chosen to join TRU Realty because of our commitment to professionalism and unwavering support for our agents. At TRU Realty, we understand the value of fostering a collaborative and supportive environment, and we are confident that Ihab's skills and dedication will complement our team seamlessly.

**Join Us in Welcoming Ihab Salah:**
We invite you to join us in extending a warm welcome to Ihab Salah. His addition to our team strengthens our commitment to providing top-notch real estate services in the Ottawa area.

As we continue to define professionalism in real estate, Ihab's expertise and client-centric approach align perfectly with the values that TRU Realty holds dear. We are excited about the contributions Ihab will make to our brokerage and the positive impact he will have on the real estate experiences of our clients.

Feel free to reach out to Ihab Salah for all your real estate needs in Ottawa, as he embarks on this new chapter with TRU Realty.

Welcome aboard, Ihab!

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Ottawa Market Trends November 2023

The number of homes sold through the MLS® System of the Ottawa Real Estate Board totalled 724 units in November 2023. This was a small reduction of 1.6% from November 2022.

Home sales were 31.8% below the five-year average and 27.4% below the 10-year average for the month of November.

On a year-to-date basis, home sales totalled 11,421 units after 11 months of the year. This was a large decline of 11.7% from the same period in 2022.

“Sales are performing as expected with the arrival of colder months, and an uptick in new and active listings is bringing more choice back into the market,” says the OREB President. “While more choice may mean the pace of buying and selling has slowed, that doesn’t mean people looking to enter or upgrade in the market should sit back. Prospective buyers or those looking to upgrade have an opportunity to collaborate with their REALTOR® to carefully explore the market, identify the ideal property, and negotiate an attractive deal at their own pace. Sellers will have to manage their expectations regarding the quantity of offers and speed of transactions, and their REALTOR® is the best resource to help them confidently price and prepare their home for a quality sale.”

By the Numbers – Prices:

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.

  • The overall MLS® HPI composite benchmark price was $628,900 in November 2023, nearly unchanged, up only 1.4% from November 2022.
    • The benchmark price for single-family homes was $708,900, up 1.6% on a year-over-year.
    • By comparison, the benchmark price for a townhouse was $492,300, nearly unchanged, up 0.8% compared to a year earlier.
    • The benchmark apartment price was $424,300, up 1.2% from year-ago levels.
  • The average price of homes sold in November 2023 was $633,138, decreasing 0.8% from November 2022. The more comprehensive year-to-date average price was $669,536, a decline of 5.7% from 11 months of 2022.
  • The dollar value of all home sales in November 2023 was $458.4 million, down 2.4% from the same month in 2022.

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.

By the Numbers – Inventory & New Listings

  • The number of new listings saw an increase of 2.7% from November 2022. There were 1,428 new residential listings in November 2023. New listings were 8.4% above the five-year average and 10.4% above the 10-year average for the month of November.
  • Active residential listings numbered 2,752 units on the market at the end of November, a sizable gain of 15.8% from the end of November 2022.
  • Active listings were 53.9% above the five-year average and 6.7% below the 10-year average for the month of November. Active listings haven’t been this high in the month of November in more than five years.
  • Months of inventory numbered 3.8 at the end of November 2023, up from the 3.2 months recorded at the end of November 2022 and above the long-run average of 3.3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Courtesy of the Ottawa Real Estate Board


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Welcome to TRU Realty - Jonathan Amodeo

Breaking News: Jonathan Amodeo Joins TRU Realty

We are thrilled to announce the newest addition to the TRU Realty team, Jonathan Amodeo! With a wealth of experience and a passion for real estate, Jonathan is a fantastic fit for our brokerage, and we can't wait to see the great things he'll accomplish here.

About Jonathan Amodeo

Jonathan is not just your average real estate broker. He specializes in residential resale and new construction throughout Ontario, bringing a diverse skill set and deep knowledge of the real estate market to the table. Beyond his real estate expertise, Jonathan has a track record of involvement in numerous entrepreneurial start-up companies over the past decade, where he's taken on roles in recruitment, high-level training, business coaching, and consulting.

But Jonathan's passions extend far beyond his professional life. At the heart of it all are his family, including his wife Alex and their three young children. He values his time with loved ones immensely.

Jonathan's journey brought him to Almonte in 2017, where he discovered his current home, "The Glen," a historically significant property in town. He appreciates the diversity and variety offered by cities like Ottawa and Toronto, as well as the quaintness and historic culture of a small town like Almonte. In his free time, Jonathan enjoys exploring the local restaurant scene, going on family bike rides, or embarking on exciting day trips. His commitment to providing a seamless experience for his clients is what sets him apart as a real estate professional.

Why Jonathan Chose TRU Realty

Jonathan chose to join TRU Realty for several compelling reasons. He was drawn to our management style and was impressed by our commission plan. We're excited to provide a platform for Jonathan to excel in his real estate career and look forward to the synergy and success that his expertise will bring to our team.

At TRU Realty, we take pride in defining professionalism in real estate, and Jonathan Amodeo's commitment to his craft aligns perfectly with our values.

Welcome, Jonathan!

Join us in welcoming Jonathan Amodeo to the TRU Realty family. We're confident that his skills and dedication will make a significant impact on our real estate brokerage and to his many clients, and we can't wait to see what the future holds.

Stay tuned for more exciting updates and announcements from TRU Realty!

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Ottawa Market Trends October 2023
The number of homes sold through the MLS® System of the Ottawa Real Estate Board totaled 816 units in October 2023. This was a small reduction of 2.7% from October 2022. Home sales were 36.4% below the five-year average and 30.8% below the 10-year average for the month of October. On a year-to-date basis, home sales totaled 10,700 units over the first 10 months of the year. This was a substantial decline of 12.3% from the same period in 2022.

“Life is expensive these days, which likely has both buyers and sellers staying put,” says the OREB President. “We’re seeing a slow decline in sales activity but it’s minimal and not unexpected for this time of year. Prices are adjusting and coming down, which is also indicative of the types of homes that are selling — apartments seeing the largest increase in sales activity over last October. While Ottawa’s inventory is slowly building, chronic supply issues mean there’s always an undercurrent of demand. Don’t let the lull fool you: now is a prime time for buyers to be looking for opportunities before the current carries us from a balanced market into seller’s territory.”

By the Numbers – Prices:

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.
  • The overall MLS® HPI composite benchmark price was $638,600 in October 2023, nearly unchanged, up only 1.8% from October 2022.
    • The benchmark price for single-family homes was $721,600, up 2.2% on a year-over-year basis in September.
    • By comparison, the benchmark price for a townhouse was $501,100, nearly unchanged, up 1% compared to a year earlier.
    • The benchmark apartment price was $424,100, unchanged from year-ago levels.
  • The average price of homes sold in October 2023 was $660,836, increasing 2.9% from October 2022. The more comprehensive year-to-date average price was $671,983, a decline of 5.9% from the first ten months of 2022.
  • The dollar value of all home sales in October 2023 was $539.2 million, unchanged from the same month in 2022.
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.

By the Numbers – Inventory & New Listings
  • The number of new listings saw an increase of 6.6% from October 2022. There were 1,895 new residential listings in October 2023. New listings were 2% above the five-year average and 5.4% above the 10-year average for the month of October.
  • Active residential listings numbered 3,062 units on the market at the end of October, a sizable gain of 16.7% from the end of October 2022. Active listings haven't been this high in the month of October in more than five years.
  • Active listings were 43.8% above the five-year average and 10.9% below the 10-year average for the month of October.
  • Months of inventory numbered 3.8 at the end of October 2023, just up from the 3.1 months recorded at the end of October 2022. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Courtesy of the Ottawa Real Estate Board
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Welcome to TRU Realty - Anastasia Vrachas

At TRU Realty, we're thrilled to introduce the newest addition to our team, Anastasia Vrachas. With over a decade of experience as a licensed Realtor, Anastasia has been instrumental in helping countless clients in the Ottawa area buy, sell, and lease real estate. Her impressive track record and dedication to her clients are a testament to her unwavering commitment to excellence in real estate.

What makes Anastasia Vrachas stand out is her unwavering dedication to her clients. She goes above and beyond to ensure their real estate dreams become a reality. It's this commitment that has earned her a solid reputation in Ottawa's real estate market.

Anastasia's decision to join TRU Realty is a testament to our brokerage's commitment to professionalism, efficiency, and a strong sense of community. She was attracted to our brokerage due to our management style and the emphasis we place on providing Realtors with a cost-effective solution. We take pride in our tagline, "TRU Realty: Defining Professionalism in Real Estate," and Anastasia's decision to join us reinforces that commitment.

We're truly honoured to have Anastasia Vrachas on board at TRU Realty. Her wealth of experience, deep understanding of the Ottawa real estate market, and her passion for helping clients align perfectly with our values. With Anastasia as part of our team, we're confident that TRU Realty will continue to provide top-notch service to the residents of Ottawa.

As we welcome Anastasia, we're excited to continue our mission of making your real estate experience as seamless and successful as possible. Whether you're looking to buy, sell, or lease in the Ottawa area, Anastasia Vrachas and TRU Realty are here to assist you every step of the way.

Join us in extending a warm welcome to Anastasia as she embarks on this new journey with TRU Realty. We look forward to the outstanding contributions she will undoubtedly bring to our team.

If you have any real estate inquiries or need assistance with your real estate needs, don't hesitate to reach out to us at TRU Realty. We're here to redefine professionalism in real estate and make your dreams a reality.

Welcome aboard, Anastasia!

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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.