Do you find the new home development market too overwhelming? Let us take the guess work out of buying a new home. Even if you aren't currently in the market for a new home, come out, enjoy a cocktail, and get up to date on all current and upcoming new development projects.
Date: Thursday, December 8th
Time: 7:00-9:00pm
Location: TBD
Call me or email me today to register
Wednesday, November 30, 2011
IKEA in Ottawa
After 18 months of construction, the country's largest Ikea will open its doors on Dec. 7. This will attract locals and tourists by the thousands to Canada's biggest IKEA.
The 427,000-square-foot facility is one of the largest retail stores in the city. Thus bringing more traffic to nearby businesses, as well as increasing surrounding property values and sparking new developments including our new development called Westpines where prices start at $189,900.
For more information Click Here
For more information Click Here
Wednesday, November 23, 2011
New $18 million dollar pool for East End
Digging started Tuesday for a new $18 million municipal indoor pool facility in Ottawa's east end.
This new facility will includes a six-lane, 25-metre pool, a leisure pool, a fitness centre, a sauna and a multi-purpose room. All funded by tax-payers money.
The facility will be located at 2263 Portobello Blvd., near Innes and Trim roads, and is scheduled to open in January 2013.
This will be a wonderful facility to have in the East End, surely to increase all property values within the surrounding areas. It's great to see the goverment spend money in our communities.
Read more here: Click Here
The facility will be located at 2263 Portobello Blvd., near Innes and Trim roads, and is scheduled to open in January 2013.
This will be a wonderful facility to have in the East End, surely to increase all property values within the surrounding areas. It's great to see the goverment spend money in our communities.
Read more here: Click Here
New Downtown Listing
Here is a new listing located near Centretown under $375,000. Call me or email me for more info.
Check in often for more properties daily!
Tuesday, November 22, 2011
Outlet mall coming to Kanata
The property is expected to sport 350,000 square feet of retail space when completed.
Chief executive for RioCan, Edward Sonshin, stated "Our site in Ottawa represents an exciting opportunity to expand our co-ownership platform beyond Toronto, into other key Canadian retail markets,"
Names of potential tenants and the anticipated purchase price were not disclosed in a release.
Most Ottawans these days tend to take the short drive to Syracuse and Watertown, N.Y., to shop to take advantage of the strong canadian dollar as well as the low taxes. This will be a nice alternative with less of a commute.
Most Ottawans these days tend to take the short drive to Syracuse and Watertown, N.Y., to shop to take advantage of the strong canadian dollar as well as the low taxes. This will be a nice alternative with less of a commute.
Soho Champagne Phase 2
Soho Champagne phase 2 will be launched in the new year. Contact me today to stay up to date on floorplans, price list and specifications. Beat the line ups and eliminate stress by meeting with me today to discuss all the wonderful opportunities still left at Soho Champagne phase 1 and to prepare yourself for the Soho Champagne phase 2 launch.
CMHC Outlook for Ottawa
"Construction activity for new condo apartment units is ... expected to remain historically high by the end of this year and next, but still below the all-time record posted in 2010. Healthy demand for smaller but trendier condos closer to the core is coming from affluent young professionals and empty-nesters looking for an active and convenient urban lifestyle.
"This in turn constitutes evidence suggesting that builders continue to operate largely in tune with demand fundamentals and have so far refrained from speculative overbuilding in a market segment that is drawing in growing investor presence ... With only few plans on the drawing boards, rental apartment construction is expected to remain subdued, opening the door to continued investor activity."
"This in turn constitutes evidence suggesting that builders continue to operate largely in tune with demand fundamentals and have so far refrained from speculative overbuilding in a market segment that is drawing in growing investor presence ... With only few plans on the drawing boards, rental apartment construction is expected to remain subdued, opening the door to continued investor activity."
Monday, November 7, 2011
Consistent with Demographic Fundamentals
Canada Mortgage and Housing Corporation (CMHC) is forecasting the number of new homes constructed in Ottawa will fall to the lowest level since 2005. CMHC also says there is a significant trend behind the numbers.
"Demand for the popular condominium apartment segment will continue to rise," says CMHC's housing outlook report. "While semis and row (houses) will combine to dethrone the single-detached homes segment as the new dominant low-rise dwelling types in Ottawa for the first time in over 15 years."
Due to the low mortgage rates and modest prices, CMHC predicts that sales will continue to be moderate. CMHC expects average resale prices to increase by five per cent this year and match the general rate of inflation in 2012.
Read More Here: http://www.obj.ca/Real-Estate/Residential/2011-11-04/article-2796468/Housing-starts-to-drop-to-seven-year-low%3A-CMHC/1
"Demand for the popular condominium apartment segment will continue to rise," says CMHC's housing outlook report. "While semis and row (houses) will combine to dethrone the single-detached homes segment as the new dominant low-rise dwelling types in Ottawa for the first time in over 15 years."
Due to the low mortgage rates and modest prices, CMHC predicts that sales will continue to be moderate. CMHC expects average resale prices to increase by five per cent this year and match the general rate of inflation in 2012.
Read More Here: http://www.obj.ca/Real-Estate/Residential/2011-11-04/article-2796468/Housing-starts-to-drop-to-seven-year-low%3A-CMHC/1
Saturday, November 5, 2011
Distillery Warehouse Lofts
Here are a few pictures of the finishings for the Distillery Warehouse Lofts. Please email or call for any inquiries.
Thursday, November 3, 2011
Nothing wrong with Fall...
1,062 properties were sold in the Ottawa Real Estate Board in October, a rise of 2.3 per cent from last year.
The sales were slightly below the five-year average for October, at 1,071. OREB said 253 of October's sales were in condos - up nearly 15 per cent from the same month last year - and 809 in residential properties.
While noting that condos were the main driver of resales that month, the average sale price of residential properties was $337,797, up two per cent from last year.
While noting that condos were the main driver of resales that month, the average sale price of residential properties was $337,797, up two per cent from last year.
Wednesday, November 2, 2011
What a launch! Distillery starts off on a excellent step!
Last night was the grand opening of Distillery Warehouse Lofts and what a night it was! In less that 2 hours we were already 50% sold out. Purchasers were stunned by the level of finishing included standard inside the unbelievably low prices. There is still some great floor plans left. I have price lists and floor plans so contact me today to get your hands on a copy.
Tuesday, November 1, 2011
Distillery Warehouse Lofts TODAY!!!
Today is the day, Distillery Warehouse Lofts is lauching tonight at 5pm. Call me or email me right now for more information to be better prepared for tonight's VIP launch.
Thursday, October 27, 2011
Soho Champagne
Soho Champagne are offering brand new incentives starting today with all purchases. Great for investors and owners. Contact me today to find out what they are!
Wednesday, October 26, 2011
SoBa
SoBa, a new development near Bank Street in Downtown Ottawa, will begin construction in 2014. It will be built by Toronto company Lamb Development Corp. who plans to construct the 244-unit tower in Centretown.The preliminary design of SoBa features a ground-level podium occupying the entire lot and a T-shaped structure beginning on the second floor and forming part of the podium until the seventh floor, according to city documents.
Other requested amendments include authorization to build a 7,500-square-foot retail store on the ground floor and reductions in required space for the front and rear yards, "communal amenity area" and landscaping. Recently, rezoning and site plan applications were recently filed with the city. The most recent application is to bring the building from 19 to 21 storeys.
The city has indicated they want more development within Centretown.
Follow my blog for more information as it becomes available.
Other requested amendments include authorization to build a 7,500-square-foot retail store on the ground floor and reductions in required space for the front and rear yards, "communal amenity area" and landscaping. Recently, rezoning and site plan applications were recently filed with the city. The most recent application is to bring the building from 19 to 21 storeys.
The city has indicated they want more development within Centretown.
Follow my blog for more information as it becomes available.
Distillery Warehouse Lofts
Tuesday, October 25, 2011
Ottawa, award winners again!
The Ottawa-Gatineau area has once again earned the title of Best Canadian City, a prestigious award ranked by MoneySense magazine. This is not the first time our Nation's Capital has received this award. The Ottawa-Gatineau has proudly accepted it four times in the past six years.
Representatives from MoneySense magazine judge 180 Canadian cities on several diverse factors. Arts & culture, crime rate, household income, medical doctors per capita, rates of employment and air quality are some of the criteria the judges use. "It's often been said that your home is probably the biggest financial investment you'll ever make," says Marnie Bennett, Team Leader at the Bennett Pros. "You'll want to make that investment in a place that will hold its value over time."
Click here to read more about this great article published by my Team Leader Marnie Bennett.
Ottawa Condo Boom is for real
Have a look at this video that appeared on CBC News featuring none other than the Bennett Pros
http://www.cbc.ca/news/canada/ottawa/story/2011/10/21/ottawa-condo-boom.html
http://www.cbc.ca/news/canada/ottawa/story/2011/10/21/ottawa-condo-boom.html
Thursday, October 20, 2011
On the RADIO
On Saturday October 15th, myself and some Bennett Pros team members had the opportunity to be on 580 CFRA, Ottawa's news leader.
On the broadcast, we announced several new projects to be on the look out for and covered topics that new and experienced home owners should consider when looking to purchase a home. If you'd like more information on any of these topics join us at our Condos and Cocktail event on Thursday, October 27th at our office at 250 Somerset St. The event will feature several pre-construction opportunities in the city as well as a crash course on condo buying. You can register on facebook or simply send me an email at Nick@bennettpros.com
To listen to the Bennett Pros podcast click here. http://bennettpros.com/gold_customform1.asp
On the broadcast, we announced several new projects to be on the look out for and covered topics that new and experienced home owners should consider when looking to purchase a home. If you'd like more information on any of these topics join us at our Condos and Cocktail event on Thursday, October 27th at our office at 250 Somerset St. The event will feature several pre-construction opportunities in the city as well as a crash course on condo buying. You can register on facebook or simply send me an email at Nick@bennettpros.com
To listen to the Bennett Pros podcast click here. http://bennettpros.com/gold_customform1.asp
Thursday, October 13, 2011
Bayshore Shopping Center's expansion
Bayshore got approval from the city's planning committee this week on a massive expansion bringing it's rental space from the current 754,00 sq.ft to more than 1,000,000 sq.ft as well as adding additional parking spaces. The first stage of construction which is slated to start in the spring of 2012 would bring the rentable area to approximately 915,000 sq.ft. The expansions are estimated to be about $150 million.
This expansion will have positive effects on the housing in the area, including a face lift valued at $40 million on a housing area across the road from Bayshore named Accora Village which houses over 7,000 residents. Thus increasing home values in the area.
There are still plenty of approvals left to get from the city but the project is off on the right foot.
This expansion will have positive effects on the housing in the area, including a face lift valued at $40 million on a housing area across the road from Bayshore named Accora Village which houses over 7,000 residents. Thus increasing home values in the area.
There are still plenty of approvals left to get from the city but the project is off on the right foot.
Wednesday, October 12, 2011
Ottawa on the up in September
Ottawa resales were up 12% in September according to the Ottawa Real Estate Board. This is great news for all Ottawa housing and investors. 1,202 properties were sold last month, an increase of 12.2% over 2010. Of the 1,202 sales, 280 were condos. This also encouraged an increase in average sales price by 3.4%.
As for the Ottawa housing starts, they were also up 35% in September over 2010 according to CHMC. A total of 627 units, a jump of 164 units over last year.
Good news all around!
As for the Ottawa housing starts, they were also up 35% in September over 2010 according to CHMC. A total of 627 units, a jump of 164 units over last year.
Good news all around!
Soho Lisgar
There is still some very good units available at Soho Lisgar, recently 4 more floors were added to this centrally located hotel inspired condominium. Starting in the upper $200,000, these condos are manage by Soho Metropolitan Group. They include Gluckstein-designed floor plans, bathrooms and common areas. There is over 7,000 sq.ft. of amenity space, including a Dalton Brown Gym, infinity tub, lap pool etc. Don't miss this great opportunity.
Tuesday, March 8, 2011
Be a home owner today in Orleans.
Did you know that there is over 15 condos in Orleans listed under 200k right now. You could own your every own 2 bed, 2 bath condo for around 1000$ a month (mortgage payment, condo fees and taxes) with 5% down. Ask me today!
Thursday, March 3, 2011
Be careful when buying a new home or condo!!!
There is nothing more exciting than shopping for a new home or condo. Floor plan selections, color selections and personalizing your unit is all apart of the experience of buying pre-construction. Sometimes it can be a daunting task and seem a bit overwhelming especially if your doing this for the first time.
Something to remember when visiting these lavish show homes is that most of these places are usually fully upgraded and sometimes cost more than $50,000 than the indicated price on the price list in the luxurious package given to you. It is important to ask the sales person what is standard and upgraded in the model that you are viewing.
When you get into that affordable luxury [segment], people don’t want death by 1,000 cuts,” says David McComb, president of Edenshaw Homes “They don’t want to walk in and see a beautiful display suite, only to find out in order to get to that level they have to spend another $150,000. We try to show exactly what they’re getting [so they] know when they look at the sticker price that value is in the number.”
Our new projects are now offering fully upgraded units for a very low price with specifications that include granite or quartz counter tops, hardwood throughout, 39'-42' inch kitchen cabinets as well as integrated appliances of up to a value of $18,000.
These are substantial savings because you want all these upgrades done before moving in so it saves you from doing renovations, which could add additional costs such as labour and taxes.
Call me today to find out which projects are available with all these great upgrades already included in the purchase price.
Something to remember when visiting these lavish show homes is that most of these places are usually fully upgraded and sometimes cost more than $50,000 than the indicated price on the price list in the luxurious package given to you. It is important to ask the sales person what is standard and upgraded in the model that you are viewing.
When you get into that affordable luxury [segment], people don’t want death by 1,000 cuts,” says David McComb, president of Edenshaw Homes “They don’t want to walk in and see a beautiful display suite, only to find out in order to get to that level they have to spend another $150,000. We try to show exactly what they’re getting [so they] know when they look at the sticker price that value is in the number.”
Our new projects are now offering fully upgraded units for a very low price with specifications that include granite or quartz counter tops, hardwood throughout, 39'-42' inch kitchen cabinets as well as integrated appliances of up to a value of $18,000.
These are substantial savings because you want all these upgrades done before moving in so it saves you from doing renovations, which could add additional costs such as labour and taxes.
Call me today to find out which projects are available with all these great upgrades already included in the purchase price.
Wednesday, January 26, 2011
Best Worldwide
Ottawa real estate broker Marnie Bennett has been named the top broker worldwide for Keller Williams Realty International (KWRI) for 2010.
Bennett and her team of 31 agents and support staff surpassed all other KWRI agencies, selling more than 600 homes in a year that was hampered by the introduction of the HST, changes to mortgage regulations and an unstable economy.
Bennett, 57, is the first Canadian woman to achieve this honour. She credits much her success to embracing social media and building relationships with customers.
She said one of the biggest changes in real estate over her 30-year career is how women have progressed from working real estate on a part-time basis to making it their career.
“It’s an industry now. People now realize the scope of it and how it can be the greatest asset of their life.”
She said condos and townhomes are hot commodities in Ottawa these days, far outselling single-family homes.
“I would say the single market represents about 20% (of sales) and the rest are condos and townhomes.”
The Conservative government’s decision to make it tougher for first-time home buyers to get a mortgage is unnecessary, Bennett argued.
“I don’t think they should be doing that. We have the best banking system in the world. They are very careful how they qualify people.”
That said, there are bigger fish to fry in this province.
“The biggest problem we have in Ontario is the HST.”
scott.taylor@sunmedia.ca
Were number 1
An Ottawa real estate saleswoman has found herself on top of the world, thanks to her focus on marketing.
Marnie Bennett, an agent with Keller Williams, and founder of Bennett Real Estate Professionals, has been named the No. 1 Broker Worldwide for Keller Williams Realty International in 2010.
Bennett, 57, employs a team of 30 employees, including her three children, her husband, and some of her extended family.
Her team sold 627 new and resale homes last year, besting more than 80,000 other Keller Williams agents around the globe.
"Though there were challenges in 2010, we simply remained focused on our customers," says Bennett, who describes herself as "thrilled" with the recognition for her team's achievement.
Bennett, a fixture in Ottawa's real estate industry for 30 years, has developed a reputation as Ottawa's "condo queen," and her success in selling condominiums propelled her to the top of the Keller Williams ladder. She says she is involved in 25 per cent of all new condo sales in the nation's capital. More than 350 of the units she sold in 2010 were new, and a large number of those were condos. Her group helped to sell about 250 resale homes last year.
Her climb to condo royalty started in 2004 when she was contacted to help market Terry Guilbault's $60 million condominium development at 90 George St. on the edge of the ByWard Market. Bennett says it was then she realized Ottawa's condo potential.
The city has high average incomes, affordable real estate and the largest concentration of baby boomers in Canada.
As those people downsized, the market would be ripe for a condominium sales specialist. She hired interior decorators to help stage model homes and condos, filled a warehouse with quality furniture and brought 17 licensed real estate agents on staff to help with sales initiatives.
Demand for her marketing and sales expertise skyrocketed. She has been involved in several condo developments including, most recently, an Ashcroft Homes project on Richmond Road in Westboro, on the property that once housed the Sisters of Visitation Convent.
Barry Nabatian, an analyst with real estate research firm Shore Tanner and Associates, applauded Bennett. "She is really successful. She is very well known in Ottawa," he said.
"That is really impressive. She has really developed a knack for this."
Nabatian said a driving factor in her success has been the strength of the Ottawa real estate market through the economic downturn. While the volume of resale homes dipped between 2009 and 2010, average selling prices have increased by six to seven per cent, said Nabatian. Many other markets, especially those in the United States, have fared far worse.
© Copyright (c) The Ottawa Citizen
Read more: http://www.ottawacitizen.com/business/Queen+condos/4168054/story.html#ixzz1C9Ln3rks
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