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May 25, 2023 by Claude Jobin Leave a Comment

https://www.claudejobin.com/267020-2/

Filed Under: Uncategorized

Ottawa Real Estate News Release (OREB)
March Resales: Signs of Spring Sprouting

April 5, 2023 by Claude Jobin





OTTAWA, April 4, 2023 –  Members of the Ottawa Real Estate Board (OREB) sold 1,194 residential properties in March through the Board’s Multiple Listing Service® (MLS®) System, compared with 2,003 in March 2022, a decrease of 40%. March’s sales included 893 in the freehold-property class, down 40% from a year ago, and 301 in the condominium-property category, a decrease of 42% from March 2022. March sales transactions increased 40% over February. The five-year average for total unit sales in March is 1,698.

“The recent rise in transactions is a sign of typical spring activity, even if we’re behind the pandemic peaks of 2022. As spring unfolds, so too will a clearer picture of Ottawa’s balanced market state,” says Ottawa Real Estate Board President Ken Dekker.

By the Numbers – Average Prices*:

  • The average sale price for a freehold-class property in March was $710,070, a decrease of 17% from 2022. However, it marks a 0.2% increase over February 2023. Average freehold prices have climbed approximately 8% during Q1 2023 over December 2022’s market low.
  • The average sale price for a condominium-class property was $418,670, decreasing 13% from a year ago, but still a 2% gain over February 2023.
  • With year-to-date average sale prices at $701,837 for freeholds and $414,698 for condos, these values represent a 16% decrease over 2022 for freehold-class properties and an 11% decrease for condominium-class properties.
“As evidenced by the recent climb in freehold prices, Ottawa’s resale market is stabilizing along with the interest rate. Condos remain steady due to their lower price point, there’s more affordability based on the current interest rate structure. Prices are certainly headed in the right direction—if you are looking forward.”

By the Numbers – Inventory & New Listings:

  • Months of Inventory for the freehold-class properties has increased to 2.3 months from 0.6 months in March 2022.
  • Months of Inventory for condominium-class properties has increased to 2.8 months from 0.6 months in March 2022.
  • March’s new listings (2,089) were 21% lower than March 2022 (2,632) and up 53% from February 2023 (1,366). The 5-year average for new listings in March is 2,474.
  • Days on market (DOM) for freeholds decreased from 37 to 34 days and 43 to 39 days for condos compared to last month.
“Well-priced and well-prepared homes are selling. REALTORS® have up-to-the-minute statistics to ensure sellers are positioning themselves at the current market value based on recent sales and hyper-local market comparisons. Buyers can benefit from the same data along with their negotiation expertise to guarantee they are receiving the best value for their dollar.”

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 1,599 properties compared to 1,291 last year at this time, an increase of 24%.

* 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.

Filed Under: Uncategorized Tagged With: Real Estate News, Statistics

Ottawa Condo for Sale
West Centre Town
102-22 Perkins Street
$499,000

April 2, 2023 by Claude Jobin




METICULOUS! This beautiful urban boutique luxury condo located in Lebreton Flats. 2 bedroom layout converted to 1 bedroom & unique alcove/work area. This model offers a fabulous layout with sophisticated elegance throughout. Bright, open concept layout entering into the condo with lots of natural light. Features gorgeous hardwood & tile flooring throughout & a spacious kitchen with many cupboard/counter space and a large island. The unit features a beautiful kitchen, a modern full bath, large windows, private intimate backyard and 2 largest storage units. Offers a tranquil setting on a quiet residential street. Convenient main floor welcomes the afternoon sunshine. The view of the city, Ottawa River, Park, National Capital Bike Paths, and walking distance to City Centre and Little Italy. Featuring rooftop terrace with BBQ perfect for entertaining and watching sunsets over the river. New LRT station is walking distance to connect with the rest of the city.


Keller Williams Integrity Realty, Brokerage

Filed Under: Uncategorized Tagged With: Condos Ottawa

Architect – Sergey Skuratov

March 29, 2023 by Claude Jobin





Sergey Skuratov is a Russian architect. Born in 1955 in Moscow, his parents were military pilots. He studied at the Moscow Institute of Architecture. Skuratov founded ergey Skuratov Architects in 2002. He is a professor at the International Academy of Architecture, at the Moscow Architecture School, and at the Moscow Architecture Institute. He is the recipient of many awards.


Tessinsky 1 De Luxe Development
2023, Moscow




Minsk Hills
2018, Belarussia, Minsk




Ego House
2017, Moscow




Copper House
2004, Moscow




Capital Tower
2023, Moscow




Art House
2012, Moscow




House Viego III




Novoalexeevskaya Street
2017, Moscow



Filed Under: From the Blog, Uncategorized Tagged With: Architecture

Ottawa Real Estate News Release (OREB)
November Residential Resales: Expectedly Low

December 6, 2022 by Claude Jobin



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 Penny Torontow, 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,” says Torontow. “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,” says Torontow. “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.”

* 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.



Filed Under: Uncategorized Tagged With: Real Estate News, Statistics

Safest Places to Travel 2023

November 15, 2022 by Claude Jobin





Berkshire Hathaway Travel Protection has just released its annual report of the safest places in the world to travel. Canada ranked 6. Of course, the Netherlands, Denmark, Iceland, Australia, and Norway are in the top 5 positions, but isn’t that the case for all lists with those countries? City wise Montreal ranked 3rd safest. Click here for details.

Filed Under: Uncategorized Tagged With: Canada

Ottawa Real Estate Statistics – October 2022 – Community Stats

November 7, 2022 by Claude Jobin

Community statistics have yet to be received. When they are they will be inserted here.


Filed Under: Uncategorized Tagged With: Real Estate News, Statistics

Ottawa Condo for Sale
Beacon Hill South
1105-2020 Jasmine Crescent $274,000
Virtual Tour

October 23, 2022 by Claude Jobin


Virtual Tour



Welcome to suite 1105 at 2020 Jasmine Crescents. Great views from this spacious 2 bedroom condo. Bright kitchen with breakfast bar. Laminate floors in living room, dining room, and bedrooms. Tiled floors in hallway, kitchen, and bathroom. Generous closets with closet organizer in primary bedroom. Large storage room in unit, and additional storage locker in room 78. Condo fees include all utilities. Outside parking space 189E. This building features great amenities including pool, sauna, hot tub, gym, tennis court. Expansive garden. Close to the ever-evolving Ogilvie shopping area including Costco, Farm Boy, Walmart, Loblaws, cinema, and Blair LRT station. Quick access to 174 and 417. 24 hour irrevocable on all offers.




Virtually Staged
Virtually Staged


Filed Under: Uncategorized

Architecture – The Queen in Scotland

September 14, 2022 by Claude Jobin





In honour of the Queen’s passing, I thought I’d do a post of the castle in which she passed, and the palace where her remains were brought before leaving Scotland for London.


Balmoral Castle




Balmoral has been a Royal Holiday home for approximately 170 years. Balmoral is a 50,000 acre estate located in Aberdeenshire. The architecture style is Scottish baronial and Gothic revival. The original castle bought by Prince Albert was eventually considered too small for their growing family and was torn down. The current building made of local granite, was built by William Smith, the son of John Smith who had been used for some of the expansions. The whole of the property consists of parkland, woodland, arboretum, woodland walks, shrubberies, and gardens. Prince Albert and Queen Victoria were very involved in the landscape design of James Beattie. It was the Queen’s happy place. She spent several weeks during the summer there. Her last official portrait after meeting Prime Minister Liz Truss.


Drawing Room




Dining Room




Study




Palace of Holyroodhouse




Holyroodhouse is the official residence of the British monarchy in Scotland. It was conceived as an Augustinian monastery in 1128. The original design was the creation of Sir William Bruce between 1671 and 1678. The palace has been home to Mary Queen of Scots – a home where she married her Scottish husbands and alas witness the murder of her secretary and confidant David Rizzio. King George V commissioned architect Sir William Bruce to make significant improvements in the 20th century. In 1920 the palace was designated as the monarch’s official residence in Scotland. Queen Elizabeth II would spend one week of the year at Hollyroodhouse – Holyrood Week. The gardens and the palace are within Holyrood Park.


Great Gallery




Kings Bedchamber




Mary Queen of Scotts, Bedroom




Throne Room



Filed Under: Uncategorized Tagged With: Architecture

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