Young Moguls - Condos & Cocktails

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

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

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

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!

Outlet mall coming to Kanata

RioCan REIT and Tanger Outlet Centres Inc. recently purchased 50 acres of land in the city’s west end to construct the region’s first outlet mall near Highway 417 and Palladium Drive, close to Scotiabank Place

 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.

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."

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

Distillery Warehouse Lofts

Here are a few pictures of the finishings for the Distillery Warehouse Lofts. Please email or call for any inquiries.

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.

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.

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.