Archive for the ‘Ottawa Real Estate News’ Category:

Finally, some good news in the Citizen about the Ottawa real estate market. Today’s Ottawa Citizen has an article about it being a home buyer’s market and that Canadians are not as affected by the current economy.

The Ottawa Real Estate Board’s statistics show that, over the past 20 years, homes in Ottawa have appreciated in value an average of over 5% each year. Who’s RRSP portfolio is doing the same? Real estate continues to be a sound investment in the long term and Canadians realize that.

Happy house hunting!

Did you see Saturday’s Ottawa Citizen on November 1st? Our own Bill Renaud was featured on the front page of the “Homes – Resale & Rental” section E in an article entitled, “Nature in the city: Forget the need for a rustic cabin, realtor Bill Renaud blended urban and country living right next to the Rideau Canal”.

To check out this and other occurrences where Bill Renaud has been featured in our local paper, visit the following link:

Bill Renaud in the Ottawa Citizen on Ottawa real estate matters

Now that the GST has been cut to 5%, buying a new home will cost you approximately $3,200 in GST (based on a $250,000 home). This amount is calculated using both reductions in GST, from 7%-6% and the most recent cut from 6% to 5% in January of 2008.

New home buyers are not the only ones who can benefit from the reduction in taxes. Existing homeowners will benefit from the reduction everytime they purchase new appliances or renovate. This could lead up to hundreds of dollars in savings.

To read more about the benefits of the new GST cut, check out “GST cut good for new homebuyers and homeowners” from the Ottawa Real Estate Association’s January issue of Realtor Edge.