Homes Subject to Harmonized Sales Tax Starting July 1

By Chris Coveny on November 30th, 2009
Starting July 1, 2010 new homes will become subject to a 13 percent harmonized sales tax. Until now, these properties have been enjoying its exemption from provincial sales tax. The government has tried to balance out the negative reactions by coming up with a rebate of up to $24,000 – or 6 percent on new ... [Continue Reading]

Frenzy Ensues As Claridge Plaza Condos Go Up For Sale

By Chris Coveny on November 24th, 2009
The Rideau Street project, now in its third phase, which is being facilitated by Claridge Homes was a big hit last weekend as buyers lined to put down $5,000 in exchange for reserving a condo home. After an hour and an a half of the sales commencement, Claridge raised the prices by $10,000. The new ... [Continue Reading]

How to Stage Your Ottawa Condo to Sell

By Chris Coveny on November 22nd, 2009
We all want to put our best foot forward when putting our condo up for sale. Just like our recent post about DIY projects that increase your home’s value, Ottawa Move has put together some important pointers that you will want to make sure are checked off your list… before your condo gets put on ... [Continue Reading]

Builders in Ottawa-Gatineau Raise Prices

By Chris Coveny on November 19th, 2009
The year-on-year housing prices in Ottawa-Gatineau increased 0.7 percent in September. The improved housing market gave local builders the confidence to raise their prices, according to Statistics Canada. The Ottawa area was one of few to display continued growth, and also showed year-on-year increases along with a faster growth rate than other Canadian markets. Overall, ... [Continue Reading]

Increase Home Value with DIY Projects

By Chris Coveny on November 17th, 2009
Have you ever wondered what type of do-it-yourself (DIY) projects you can do around the house that may increase the value of your home? The following are projects that you can do yourself, if you are handy, or complete with a little help from someone else. The end result is an increase of anywhere from ... [Continue Reading]

Lansdowne Live Developers Push for Retail

By Chris Coveny on November 11th, 2009
According to architect Norm Hoston, the Lansdowne Live redevelopment plan is not providing any added benefits to make up for the loss of public space. “It seems to me that if you are going to give up what has been for decades a major public place in the city, there has to be a tremendous ... [Continue Reading]

Low Mortgage Rates Fuel Ottawa Home Sales

By Chris Coveny on November 5th, 2009
Housing sales in Ottawa increased 24.7 percent in October, solidifying the market’s status after the turbulence of last year’s economic situation. This shows in the 13.6 percent jump in home prices over last year, bringing the average sale price to $318,655. Condominiums had the most demand, followed by bungalows and two-storey single-family homes, with 1,202 ... [Continue Reading]

Moving to Canada? Learn About Different Home Types

By Chris Coveny on November 3rd, 2009
Canada is a popular place for relocation with over a million immigrants coming to settle here over the past decade. Luckily, Canada has wonderful programs to help new residents get started in their new home, such as ScotiaBank’s StartRight Program. OttawaMove has put together some information on different types of houses found in Canada, as ... [Continue Reading]

Bank Street Condos: EcoCite Under Warranty Investigation

By Chris Coveny on November 3rd, 2009
EcoCite, the developer responsible for the Bank Street condos that were never finished, is now the subject of an investigation by the Tarion Warranty Corp., a company that oversees Ontario’s Home Warranties Act. The condos, which are located across the street from Lansdowne Park, were not completed due to the developer’s major financial troubles. In ... [Continue Reading]

Purchasing a Condo? Know Before You Buy

By Chris Coveny on November 2nd, 2009
Many people that purchase condominiums like the lifestyle that it provides, versus buying a house. However, there is more than meets the eye with condo ownership. What are you really buying into when purchasing a condo? Bonnie Wegerich, president of the Calgary Real Estate Board says, “Purchasing this convenient condo lifestyle can be an inconvenient ... [Continue Reading]
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Chris Coveny   Real Estate Broker   chris@ottawamove.com   165 Pretoria Avenue   Ottawa   ON   K1S 1X1
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