96 Nepean Street

I hope everyone had a wonderful and safe Holiday, 2012 is sure to be a great and prosperous year for all of us in the Ottawa Real Estate Market. One thing to look out for this year is the development of Centretown.

Claridge Homes plans to build a 27-storey tower in Centretown, just next to two other high-rise development sites it owns. The 199 unit tower will be located at 96 Nepean St which is between Metcalfe and O'Connor.

Claridge is requesting the site be zoned to allow an 83-metre-tall building and to reduce property setbacks at the front, rear and side.

The two 27-storey towers are expected to be finished by 2013. This is one of a handful of upcoming projects in the immediate area.

Contact me today to find out how you can get proprietary information on all of these projects.

For more information Click Here

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 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!

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.

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!

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.

Distillery Warehouse Lofts

Distillery Warehouse Lofts is coming up next week, call or email me today for more details!

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!

Distillery Warehouse Lofts

Distillery Warehouse Lofts site. Under construction. Msg me for details on how to purchase at this amazing location. Condos will be ready this time next year! Get pre construction prices while construction is going on! Ask me how!