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 $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

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.