Tuesday, September 18, 2012

West End New Development

New Development starting in high $100s.  In the West End, near Ikea.  More details to come in the near future.
This project will have a really neat courtyard feature and will have a football field sized amenities space in the interior of the buildings with putting green other cool items.

Friday, September 14, 2012

More rumoured banking changes

Banks are making changes to lending practices to help control inflation in the Canadian economy.  By slowing down consumer spending, the Canadian government is able to control inflation.  Interest rates cannot be raised, as this would encourage foreign investment in Canada and would drive our dollar higher, which would hurt the manufactoring sectors.  In lieu of following the early 80s strategy of raising interest rates, the Canadian government is making mortgages more difficult to ascertain. 

Housing is the single biggest purchase for most Canadians, so if the government can slow down the housing market, it will slow down consumer spending, which will control inflation in the Canadian economy. 

All Canadian banks will have to change their lending practices on home equity lines of credit.  They will be able to offer a maximum value of 65% loan to value.  Rumours now have it that soon, lines of credit secured by investment properties will be outlawed. 

I would suggest, making contact now with a financing expert who can arrange an home equity line of credit at 80% loan to value and even if you are not planning on using it, have it available for potential need. 

If you are interested in making this type of arrangement, I have a special lender who can make this arrangement.  Please contact me by clicking here and I can make an arrangement to speak.

If you think someone your know, your friends or family could benefit from using my services ... please contact me here!

For Ottawa real estate, please contact the Bennett Property Shop Realty for further information.

Thursday, September 13, 2012

Distressed USA Properties

Please check out the following USA investment real estate opportunities.  These are distressed assets that can be bought under market value.  To purchase these properties, there are two requirements:

1 - Sign an NDA and lender document for further information
2 - Provide proof of funding (cash, financing, etc)

Tuesday, September 11, 2012

Invest in Arizona

The market for USA investment real estate is gaining momentum now.  With a USA presidential election in November 2012, there is likely going to be a rally within the USA economy. 

I think it is important to focus in the sunbelt states, as Canada and the USA have approximately 80 million babyboomers combined.  That is the age group currently mid forties to mid sixties.  As age creeps in, this group will likely be headed for warmer climates, not damp, cold winters. 

Check out Brett's story.  He invested in Arizona with Smart Real Estate Foreclosures and made $21,000 in just 8 weeks. 

Click here for the video

August - volume down, prices up

Members of the Ottawa Real Estate Board sold 1,141 residential properties in August through the Board's Multiple Listing Service® system, compared with 1,328 in August 2011, a decrease of 14.1 per cent. The five-year average for August sales is 1,193.
August's sales included 248 in the condominium property class, and 893 in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.), which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties.
"The number of residential properties sold has decreased compared to August 2011, while the average price has slightly increased," indicates Ansel Clarke, President of the Ottawa Real Estate Board. "The new mortgage rules came into effect in early July, and this could be an explanation for the decrease in properties sold. Potential home buyers may be waiting to save a bit more money before purchasing a property. This summer, we also experienced exceptionally hot weather, which may be a factor in the market slow down. This August's sales are still in line with the five-year average, so the Ottawa real estate market remains steady despite a small dip in units sold." Clarke also notes that the total number of year-to-date properties sold is up 2.8 per cent and the average sale price is up 2.2 per cent from this time last year.
The average sale price of residential properties, including condominiums, sold in August in the Ottawa area was $346,949, an increase of 2.5 per cent over August 2011. The average sale price for a condominium-class property was $272,367, an increase of 7.6 per cent over August 2011. The average sale price of a residential-class property was $367,661, an increase of 1.7 per cent over August 2011. The Board cautions that average sale price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold.

Thursday, September 6, 2012

Ottawa Citizen - Condo prices in Ottawa to grow in 2013

Ottawa real estate prices and especially Ottawa condo prices are expected to grow according to a new study by Genworth, published in the Ottawa Citizen.

Some interesting tidbits from the article:
Ottawa prices are fore-cast to rise by 1.8 per cent to an average $283,606 in 2013, after a much larger gain this year.

Genworth ... suggests that the population is expected to grow in all eight cities studied over the next few years, while employment growth and low interest rates should also support the market. The numbers also indicate Canadians are flocking to urban centres. Toronto's population jumped more than 17 per cent over the previous census period in 2006.
For the full article please click here

Wednesday, September 5, 2012

Photos for upcoming pre-construction condo launch

New Ottawa real estate pre-construction condo launch .... check out these common areas!!!

To register for this exciting Centertown condo lauch please click here

Tuesday, September 4, 2012

USA new housing price heading upwards

Ottawa real estate remains strong, but big movements in prices are happening South of the Canadian border.

The turnaround in USA housing is seemingly happening as we speak.  Housing prices are still at late 90s to early 2000s levels, but heading in the right direction.  Places like Phoenix, Arizona are experiencing boom market conditions with price increases of over 20% in the past calender year. 

In 82% of markets studied, new house prices rose in July.  Construction is heating up in markets throughout the USA.  Click here to read the entire article

Overall, the USA housing market is up 3.2% from July 2011 to July 2012 (CFRA News). 

For information on USA investment real estate please click here

Monday, September 3, 2012

Properties already rented

Sometimes the hardest part of buying an Ottawa real estate investment property is the uncertainty over being able to rent the property.  There are some great options of properties that are already rented.

New condo, one bedroom on the 4th floor, located in Westboro, rented for $1450 asking price is $350,000

New condo, one bedroom on the 16th floor, located in Tunney's Pasture, rented for $1900 (2 year lease), asking price is $360,000 - property is fully furnished.

New condo, two bedroom on the 2nd floor, located in Westboro, rented for $1900 + $150 for parking, asking price is $399,900

For Ottawa real estate be sure to contact Bennett Property Shop Realty Brokerage