Now the market reserve is very low, it is a very good time to sell! For example, yesterday we had a 2000 semi-detached house listing, we carried out professional packaging and effective marketing, and received an unconditional strong Bully offer with a price increase of $106k before the listing, which was higher than the seller's expected value and sold; Last summer, the same unit in the same block sold for $575k.

After several times of communication, investigation and negotiation, we reached the current price.

The seller was very satisfied and sent us a thank you text!

The rare high-quality housing in Richardson Ridge, Kanata, is grandly listed today (174 Ingersoll cres poster): fully upgraded and finely decorated, 5 bedrooms and 4 bathrooms, fully completed walk-out basement, front and rear yard interlocked! Backyard facing south with no neighbors!

The Ottawa Real Estate Institute (OREB) released the latest data on Ottawa real estate transaction volumes in December. A total of 862 residential properties, including 601 villa properties and 261 apartment properties, were sold in Ottawa in December, a decrease from 997 in the same period in December 2020. up 13.5%.

Rental rent increases

According to Ontario's latest rent increase guidelines, the 2022 rent increase guideline is set at 1.2%. That is the maximum amount a landlord can increase the rent within a year without the approval of the Landlord & Tenant Board (Landlord & Tenant Board). The guidance, which applies to the vast majority of rental and high-rise condos, houses, care homes and mobile homes, is down from the 2.2 per cent peak in 2020. Rent cannot be forced or automatically increased. Landlords must fill out the correct form and give at least 90 days' written notice before they can increase the rent. In most cases, the rent increase cannot exceed the limit set in the rent increase guidelines. In addition, you must wait for the tenant to move in for 12 months, or 12 months since the last rent increase, before you can increase the rent. Tenants can lodge a dispute with the Tenancy Board (LTB) within 12 months if they believe the landlord is unreasonable to increase the rent. The rent freeze policy will expire on December 31, 2021. Landlords can give tenants notices of rent increases for 2022 before the policy expires. 

Condo is about to become the next hotspot for home buying 
Continued dwindling supply will unquestionably lead to continued price increases, making it difficult for more buyers to buy single-family homes, and will therefore turn to the condo market. Apartments will gradually become more popular as a more affordable option. This trend has been going on in Toronto for many years, and Ottawa will gradually show up!