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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| Record-Breaking Number of Resale Homes Sold in May
Members of the Ottawa Real Estate Board sold 1,969 residential properties in May through the Board’s Multiple Listing Service® system compared with 1,896 in May 2008, an increase of 3.9 per cent. That number also represents a 19 per cent increase over the 1,594 sales recorded in April 2009. Of those sales, 348 were in the condominium property class, while 1,621 were in the residential property class... Read More... Courtesy of The Ottawa Real Estate Board
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Existing-Home Sales Rise More Than Expected
Sales of existing homes in the United States rose 2.9% in April, according to an industry survey yesterday that supported views the three-year housing recession was near a bottom. The National Association of Realtors said sales climbed to an annual rate of 4.68-million from a 4.55-million pace in March. That was slightly higher than market expectations for a 4.66-million-unit pace... Read More... Courtesy of the Financial Post
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Canadians Dragging Around Too Much Debt
Canadian households are headed toward a painful debt spiral, warns an association of accountants. The Certified General Accountants Association of Canada says families – including retirees – are getting deeper into debt to pay day-to-day expenses and interest on their debt, just as the economy has downshifted into recession after 17 years of growth... Read More... Courtesy of The Star
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First-Time Homebuyers Back, LePage Says
First-time buyers are back in the housing game, and this is a crucial development to strengthening the overall Canadian housing market, a major real-estate company said yesterday. Royal LePage Real Estate Service, in conjunction with releasing survey results of potential first-time home-buyers, said this segment vacated the market late last year but has returned... Read More... Courtesy of The Financial Post
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Councillors vote to Let Ottawa Sprawl Further
Three attempts to freeze or limit expansion of the suburban boundary were rejected by elected officials on the city’s planning and rural affairs committees Tuesday when majority of councillors supported an 842-hectare expansion of the city. The city’s suburban boundary is a line on city maps beyond which no major development is supposed to occur... Read More... Courtesy of The Ottawa Citizen
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Housing Market Expected to Take Years to Recover
It will likely be at least four years before home-construction in Canada returns to the level experienced earlier this decade during the boom, a federal housing agency says. Canada Mortgage and Housing Corp. said Tuesday it expects housing starts will tumble to 141,900 this year from last year's 211,056, the last of several years of 200,000-plus starts... Read More... Courtesy of The Star
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Sustainable Energy Blueprint for Canada Released
A report released today in Ottawa suggests the expanded use of green energy technologies could cut this country’s greenhouse gas emissions dramatically by 2020. The report concludes that available green energy technology, if implemented immediately, could reduce carbon dioxide emissions from the Canadian energy sector 45 per cent below 1990 levels by 2020, and 82 per cent by 2050... Read More... Courtesy of Globe-Net
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Easy Steps to Energy Efficiency
You want a more energy-efficient home. But you don't want to replace your furnace or air conditioning system without knowing what the payback will be. The first project is weatherstripping and sealing your house – applying foam to cracks where air can enter or escape from the building. Windows are your next project... Read More... Courtesy of The Star
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Historic Energy Law: Ontario Green Energy Act Passes by Significant Margin
Well, just three months after being tabled Ontario’s Liberal government has succeeded in getting its Green Energy and Economy Act passed into law. The bill passed by a vote of 59 in favour and 13 against, and will be effective immediately after it gets Royal Assent. This, with no exaggeration, is an historic event in North America... Read More... Courtesy of Clean Break
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Home Sales Jump in April, CREA Says
Home sales picked up in April for the third month in a row, but the real estate market has not yet made up for all the lost momentum of the past year, the Canadian Real Estate Association said. Sales of homes in Canada, seasonally adjusted, jumped 11.2 per cent in April compared to March, the largest month-to-month increase in more than five years, CREA said... Read More... Courtesy of CTV.ca
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New Home Prices Edge Lower; Biggest Drop in West
Prices for new homes fell 0.5 per cent in March from a month earlier, with the biggest dips in Calgary, Edmonton, Vancouver and Victoria, says Statistics Canada. The decline was the sixth month-over-month drop in a row, and was exactly as analysts had been projecting, and comes on the heels of a 0.7 per cent drop in February... Read More... Courtesy of The Ottawa Citizen
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Tax Credits Help Boost Home Renovation Stores
A federal tax credit program is helping to bolster sales at Canada's major home renovation retailers, at a time when they are suffering from the toughest economic downturn in decades. But Rona, one of the country's largest home improvement merchants, says it could have generated even more revenues from the program if Ottawa had pitched it more effectively to consumers... Read More... Courtesy of The Globe and Mail
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Ottawa's Transit Committee Endorses Downtown Tunnel Route
By a vote of five to one, elected officials on the city’s transit committee endorsed city staff’s recommended downtown subway route Wednesday night despite a heavy business lobby against the move. If given final approval by city council at the end of the month, the plan is for a 3.2-kilometre route that starts under Albert Street at LeBreton Flats and ends near Lees Station... Read More... Courtesy of The Ottawa Citizen
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Alexandra Bridge to Get $52 Million Facelift
A long-awaited $35-million overhaul of the Alexandra Bridge will get under way in the next couple weeks, but don’t worry about traffic headaches: the connection between Gatineau and Ottawa will remain open for the duration of the project, which is scheduled to take a couple years. The total project cost is $52 million, and about $17 million of this was spent on engineering work... Read More... Courtesy of The Ottawa Citizen
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Don't be Fooled by Marketers' Claims About Smart Meters
In the next year or two, most homes in Ontario will have a smart meter for electricity. A smart meter will record your total electricity consumption hour by hour and send that information to your utility. Time-of-use pricing, as it's called, is a significant change from the way prices currently work. You will pay the on-peak rate each weekday in the summer from 11 a.m. to 5 p.m... Read More... Courtesy of The Star
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Several Ways to Claim Government Grants
If you're thinking about renovating your home this year, the provincial and federal governments are prepared to throw some incentives your way. Planning on landscaping the yard, renovating the bathroom or installing new hardwood floors? For these and many other home improvements, The Home Renovation Tax Credit will provide a one-year, 15 per cent tax credit... Read More... Courtesy of The Star
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Ottawa Housing Prices Beat Estimates
The continuing strength of the Ottawa resale housing market is illustrated by the fact that some homes are selling for more than $100,000 above the assessed value. In one recent case in the hot west-end neighbourhood of Highland Park, a modern house on Edison Avenue sold for $645,000, which was $180,000 more than the assessment... Read More... Courtesy of The Ottawa Citizen
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