Archives for Real Estate News

Bitcoin and Real Estate

Bitcoin and Real Estate Bitcoin has been in the news a lot lately and most recently since it has entered the world of real estate in Canada. Although it is unclear at this point if any Canadian transactions have been completed in bitcoin, properties have started to appear with the option to purchase in bitcoin or even in one case, listed exclusively for sale in bitcoin. At this point, there are a lot of questions surrounding bitcoin and Canadian real estate and it is not immediately clear how this will be regulated. Ontario’s real estate regulatory body, the Real Estate
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Buy or Rent?

Buy or Rent? Contemplating between whether to rent or buy? You’re not alone in this debate. Millions of Canadians face this big decision in the real-estate market today, and we’re here to help you break it down.  What are the pros and cons of buying a home, versus renting one? What documentation do you need in either situation? Renting your Home  Renting a home is nowhere near as involved to that of buying a home, but it does come with its own advantages and disadvantages. Is renting a home the right choice for you? Advantages of Renting: Property maintenance The
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Major Developments in Ottawa: An Overview

Major Developments in Ottawa: An Overview In lieu of our country’s momentous anniversary this year, we’ve seen – and continue to see – several major developments and ongoing projects take place throughout our city. As residents of our Nation’s capital, we’re extremely fortunate to bear witness to these expansions as they build and re-shape the growth of our city. Here’s an overview of what people might be talking about in the news (or around your local watercoolers). Transit: a rather hot topic of conversation for Ottawa’s local residents and media channels alike. The O-Train Confederation Line, otherwise known as Ottawa’s
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Ottawa’s Amazon Bid Could Lead to Great Things for Our City

Ottawa’s Amazon Bid Could Lead to Great Things for Our City A huge business decision is currently being made, one that could have enormous economic benefits for Ottawa if it goes our way. Amazon, the company that we all know and order from, are looking to build a second North American headquarters. Cities from all over are lobbying to be the location of the new facility, including some particularly bold and strange attempts to get Amazon’s attention. The city of Tucson sent a 21-foot tall saguaro cactus to Amazon’s current headquarters, and other cities have created videos that claim to
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Selling in the Summer

Selling your home in summer? It can be grueling to prepare a house for sale in the summer heat but many experts believe that summer is one of the best times to sell a house. Why?… People are out and about! Summer holidays mean that people have more time to devote to buying a home and, for parents of school age children, moving in the summer offers an easier transition for families changing neighbourhoods/schools. Selling your home in summer may also give you more time to devote to preparing your home – it’s a win-win! The Ottawa real estate market
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Summer Fun in Ottawa

After a long and rainy spring, summer is finally upon us in the nation’s capital. Now that the sun has actually come out, it’s time to get outside and enjoy the weather. Whether you live in Ottawa or are just visiting, there are a lot of fun and unique activities to enjoy all throughout the city, and there’s no better time than a warm summer day. The changing of the guard You can watch the changing of the guard any morning between late June or early July, and August 25. The ceremony takes place at Parliament Hill and starts at
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Understanding Multiple Offers

As Ottawa continues to be a hot market with a low inventory, the number of multiple offer situations seems to be on the rise. When a home goes to “multiple offers”, all offers on the home must be made at a set time and the seller is able to choose which one they would like to go with or negotiate. This can be a complicated situation for buyers and sellers so here is what you can expect. Keep in mind though that the most important thing you can do as either a buyer or seller in these situations, is to
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5 Awesome Innovations on the Frontier of Home Automation

Remote home control system on a digital tablet or phone. In today’s digital world — recently dubbed “The Age of the Internet of Things” — technology is changing everything. From wearable health tracking devices to cars that drive themselves, tech has made day-to-day life easier, more convenient and also more fun. One area in which technology is having a huge impact is in the home. Recent inventions have made maintaining, taking care of and enjoying domestic life better than ever before. The following five home automation innovations represent some of the most cutting edge technologies that are shaping the way
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Homeowners Can Earn Extra Income Using Airbnb

Congratulations, you’re a homeowner!  With all of the joys of home-ownership also comes the task of paying off your mortgage, paying property taxes and keeping up with regular maintenance as required.  While you’ve purchased a home within your means, paying off a mortgage can be daunting; however, there are ways in which you can make your payments a little more manageable. If you’ve decided to purchase a home, you’ve put down a certain percentage as a down payment, and you’ve agreed to pay into a mortgage (over the course of x-amount of years with an interest rate of x-percent). You
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Checklist for Home Buyers

When buying a home, there are always a series of questions that run through a home buyer’s mind. At Royal LePage Team Realty, we encourage you to ask them, we try to think of everything for you … including a checklist to keep track of the important details about homes we show you! Of course your Real Estate agent will be there every step of the way to help you find the right home, but falling in love with a property is not the only factor to consider when purchasing a home. We’ve put together a checklist that outlines details that are important to many buyers and
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