28th
June
JUST SOLD 100% of Selling Price!
158B Waterbridge Drive
Archive for June, 2010
25th
June
Vacancy in seniors’ homes climbs to 17.4%
That’s an increase of 5.8 percentage points over last year and is higher than both the provincial and national average.
In Ontario, the vacancy rate climbed to 14.9 per cent in 2010, compared to 12.5 per cent a year earlier. Across the country, the vacancy rate is 11.6 per cent, up from 9.9 per cent.
The vacancy figure is for units where occupants pay market rents and do not receive more than 1.5 hours of daily care.
Ottawa has a total of 5,489 of these “standard spaces.”
CMHC says the vacancy rates for seniors’ residences is typically higher than the those in traditional rental markets because of higher rents and more frequent turnover.
In Ottawa, the average monthly rent for a unit in a seniors’ residence where meals are included is $2,822, according to CMHC
23rd
June
OTTAWA,ON EARTHQUAKE?
One of the most severe earthquakes ever recorded in Eastern Ontario rocked the region around 1:45 p.m. on Wednesday, swaying buildings and pushing pictures off the wall across the area.
The United States Geological Survey pegged the tremors as reaching magnitude 5, which is severe enough to cause building damage. Several government buildings in downtown Ottawa were evacuated in the moments after the quake, although most people were let back in after only a few minutes.
Geologists say there could be aftershocks around magnitude 2 in the hours after the quake, which had an epicentre in Val-de-Bois, Que., about 85 kilometres north of Ottawa.
Tweets talked about evacuations, most of them temporary, although Algonquin College kept buildings closed until 5 p.m. One person tweeted that the Blossom Park high school graduation was briefly interrupted by the tremors.
“The Roger Guindon building of uOttawa was evacuated after the earthquake, we’re back now thankfully,” tweeted Jason Anthony Tetro.
Thirty seconds of tremors
Tremors in Ottawa lasted about 30 seconds, with thousands of tweets talking about the sensations and the damage that each person felt in the area. Power was also knocked out in many areas of the city temporarily, although it was restored within an hour and a half of the quake.
Early reports from area hospitals indicated surgeries were proceeding as usual. One doctor who works at CHEO, Eric Benchimol, told CTV Ottawa by Twitter that no evacuations took place and work was continuing on patients.
Although the O-Train was pulled off the tracks as staff checked for damage, VIA trains began moving again through the busy Montreal to Quebec corridor. Officials said the vehicles may have reduced speeds for the time being. However, trains between Toronto and Montreal are still awaiting CN track inspections before running again.
Residents as far away as North Bay, upstate New York and Vermont felt the shake.
With files from The Canadian Press
18th
June
Sunday June 20th – Father’s Day
HAPPY FATHER’S DAY!
from
Father’s Day is a day honoring fathers and celebrating fatherhood, paternal bonds, and the influence of fathers in society. It is celebrated on the third Sunday of June in 55 of the world’s countries and on other days elsewhere. It complements Mother’s Day, the celebration honoring mothers.
18th
June
Slower May after record-setting April: could it be the HST?
June 3, 2010 : Slower May after record-setting April: could it be the HST?
Members of the Ottawa Real Estate Board sold 1,694 residential properties in May through the Board’s Multiple Listing Service® system compared with 1,967 in May 2009, a decrease of 13.9 per cent.
Of those sales, 353 were in the condominium property class, while 1,341 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.
“Many of the sales that would normally have occurred in May were pulled back to April, due to buyers trying to avoid the May 1st transitional implementation date for the HST, as well as new mortgage regulations that came into effect April 19,” said Board President Pierre de Varennes. “Buyers knew they would be paying eight per cent more for all of the service costs associated with a real estate transaction if their closing date was after July 1, and that it might be more difficult to qualify for financing, so they moved quickly to avoid either situation. In addition, by comparison May 2009 was a record-breaking month as the floodgates opened on pent-up demand following the brief downturn in the market,” he added.
The average sale price of residential properties, including condominiums, sold in May in the Ottawa area was $333,408, an increase of 6.9 per cent over May 2009. The average sale price for a condominium-class property was $246,116, an increase of 6.4 per cent over May 2009. The average sale price of a residential-class property was $356,387, an increase of 8.3 per cent over May 2009. The Board cautions that average sale price information 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 average sale price is calculated based on the total dollar volume of all properties sold.
The Ottawa Real Estate Board is an industry association of 2,590 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association.
The MLS® system is a member based service, paid for by the REALTOR® members of the Ottawa Real Estate Board. The MLS® mark symbolizes the cooperation among REALTORS® to effect the purchase and sale of real estate through real estate services provided by REALTORS®. MLS® commercial and residential listings are available for viewing on the Board’s internet site at www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association at www.REALTOR.ca and www.ICX.ca. Information about listings and open houses is also available in the Board’s weekly newspaper, Ottawa Real Estate Guide, available free at 700 locations across the Ottawa area and now online at www.OttawaRealEstateGuide.ca
9th
June
New Price. Great deal.
9th
June
Walk into your next home!
NEW PRICE $342,900. Beautiful 3 bedroom,3 bathroom semi-detached – 742 Cedar Creek Drive – Findlay Creek
For more details, please visit: www.johndonovanproperties.com – Listings page
