Month: June 2016

This week I’m going to give you three tips that will give you the tools to value any property in Ottawa.

1. Compare your property to sold properties. If you look at homes that are currently on the market the price you see is the price that the seller wants for their home, which is not necessarily what the home s actually worth.
2. Know the value of the differences in your home – granite, hardwood, a finished basement etc..  You need to figure out what these features are worth to todays buyer. Look at all those differences, figure out what they’re worth to today’s buyer and then add or subtract the differences from the house in question and other comparable sold properties.
3. Know the market conditions of your specific kind of property in your specific area. In Ottawa for example, townhouses, condos and single family homes all act differently in the market. Also homes in Orleans for example, operate a completely different market than homes in Barrhaven or Kanata and will therefore act differently.

So there you have it guys, follow these three easy steps and you can know the value of any property.

Stay tuned for more info and as always please like, comment and share if you’ve found this helpful!

This week I had a chance to speak with Cory Desormeaux, owner and manager of Junk that Funk.

Junk that Funk specializes in the removal of any unwanted items, whether your downsizing, renovating moving or just getting rid of things that you don’t need. We’re a full service team so we’ll physically go in and remove anything that you don’t want.

We’re located right here in Ottawa and we’ll remove anything from anywhere, the only thing we won’t touch is hazardous material such as gas, propane tanks and paint.

The benefits of using Junk That Funk are endless but to name a few, they’re local and affordable and they’re big into recycling and community involvement. They regularly run an electronic waste drop off, where you can go and drop off your old electronics for recycling. They also sponsor the Santa Clause Parade!

No load is too big, once they moved more the 14 bins of junk from someone’s property, but if you’re a DIY kind of guy or gal you can always rent a bin. Cory and his team will drop it off and pick it up… all you have to do is fill it with your junk!

Check out Cory’s website for some ore info and remember to like, comment and share!

Hi guys, thanks for checking out my latest market update on Orleans.

I took a look at the market in Orleans comparing last year to this year and what I found was really interesting. On average prices haven’t gone up, days on market are a little bit longer in every kind of market such as free hold or condo type properties.

The real story here is with single family detached homes. I looked at the the expired homes, the ones that didn’t sell. And up until this time last year in 2015 55% of single family homes last year did not sell, this year 65% of single family homes didn’t sell. That means that only 35% of homes on the market are actually selling.

Why is that happening?

The reason is because Orleans is a suburb originally built off of baby boomers but for the past ten years they’ve been slowly moving out of their homes slowly. The problem is that they are not being absorbed fast enough. The people who are buying homes right now are young families in their early 30s who are not quite ready to buy those big family homes.

The days on market are longer and prices are lower. In particular for single family homes are on the market for  10% longer. If you’re a seller you should look into getting a good agent so that your home isn’t on the market longer than it needs to be. And if you’re a buyer – it’s a great time to buy a home in Orleans.

I hope you found this helpful, keep checking back for more updates on the market in Ottawa!