TORONTO — Ontario is doubling the rebate on the land transfer tax for first-time homebuyers to $4,000 in an effort to help them enter the housing market, but it is raising the same tax on homes that sell for over $2 million. Finance Minister Charles Sousa said first-time buyers won’t pay any land transfer tax…
The Federal Government has announced yet another important mortgage rule change in efforts to cool the housing market by implementing what they call a “stress test”. In other words qualifying for a mortgage just got a whole lot more difficult. Effective October 17th all insured mortgages are required to QUALIFY for their mortgage using the…
Members of the Ottawa Real Estate Board sold 1,491 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,430 in July 2015, an increase of 4.3 per cent. The five-year average for July sales is 1,413. “Sales continue to outpace 2015 numbers both in monthly and year-to-date comparisons,” says Shane Silva,…
This letter is intended to express our appreciation for the excellent service we have consistently been privileged to receive from Tom Sapinski in our search for a home in the greater Ottawa area. Tom was a pleasure to work with, whose patience and professional courtesy was constantly present during the countless homes we visited in…
“Above and beyond our expectations!” We are now the proud owners of a new home and it is all thanks to Tom Sapinski. We had met a few Realtors before deciding Tom was the best fit. Tom was very patient, super informative, honest and best of all, he knew what we were looking for and…
COMMUNITY. The City of Ottawa will be changing certain street names in the Innes Ward that may be confusing. One of these streets is the portion of Belcourt Blvd. between Jeanne d’Arc and Innes Rd. When thinking about what the new name should be, residents of Belcourt put together a petition to recognize a local…
Members of the Ottawa Real Estate Board sold 601 residential properties in January through the Board’s Multiple Listing Service® system, compared with 626 in January 2015, a decrease of four per cent. The five-year average for January sales is 618. “The market momentum gained from the warmer weather in the latter part of 2015 has…
…I have been meaning to touch base with you just to say thanks once again and let you know how happy we are with the house… We are both looking forward to spending a lot of time in the backyard this summer fixing up the gardens… We are so happy and thankful for all your…
Members of the Ottawa Real Estate Board sold 703 residential properties in December through the Board’s Multiple Listing Service® System, compared with 638 in December 2014, an increase of 10.2 per cent. The five-year average for December sales is 653. The total number of residential and condo units sold through the Board’s MLS® System throughout…