Contact Information
Jody Lavoie Real Estate Broker Royal LePage Team 11-2900 Woodroffe Ave. Nepean, ON, K2J 4G3
Office: 613-825-7653 Fax: 613 825 8762
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Brisk February Sales Keep Ottawa in Seller’s Market
Members of the Ottawa Real Estate Board sold 1,118 residential properties in February through the Board’s Multiple Listing Service® system compared with 787 in February 2009, an increase of 42.1 per cent. Of those sales, 323 were in the condominium property class, while 795 were in the residential property class... Read More... Courtesy of the Ottawa Real Estate Board
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Jim Flaherty Tightens Mortgage Rules
Finance Minister Jim Flaherty Tuesday announced tighter lending standards for mortgages, saying that while the housing market is “healthy” the moves are needed to “help prevent negative trends from developing.” Under the new rules, all borrowers will need to meet standards for 5-year fixed-rate mortgages regardless of whether they're seeking a loan with a lower rate and shorter term... Read More... Courtesy of The Globe and Mail
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Home Sales to Rise Ahead of New Mortgage Rules
A rush of home buyers trying to beat higher taxes and tighter mortgage regulations could pump up the housing market just as it's showing signs of cooling. The real estate market pulled back slightly in January after its record run, although both sales and prices were up sharply from the depressed levels of a year ago. Economists believe, however, that home buyers will push to beat new regulations, unveiled this week by Finance Minister Jim Flaherty, which come into effect April 19... Read More.. Courtesy of The Globe and Mail
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Ottawa New Home Prices Outpace Other Cities
The price of new houses in Ottawa-Gatineau rose faster in December than in other cities, Statistics Canada said Friday. Prices rose 0.8 per cent, which was double the average increase across the country, between November and December. New-house prices in Toronto and Vancouver rose 0.7 per cent... Read More... Courtesy of the Ottawa Citizen
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Ottawa City Council Passes Budget, 3.77% Tax Hike
City council passed a 2010 budget Thursday evening that gives Ottawa residents a municipal tax increase of 3.77 per cent while restoring proposed cuts that had caused public outcry in recent weeks. Councillors reinstated Crime Prevention Ottawa and scrapped recommended bus route cuts and reductions in stump removal and funding for tree trimming... Read More... Courtesy of The Ottawa Citizen
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Dharma Developments, City, Reach Settlement on Stittsville Mixed-Use Project
Coun. Shad Qadri, who was accused of trying to block the project last summer, said the settlement involves adding more parking spaces and requiring the developer to submit a rezoning application, rather than relying on minor variances approved by the city’s committee of adjustment. Dharma Developments first proposed Orville Station more than two and a half years ago... Read More... Courtesy of The Ottawa Business Journal
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