Wednesday, September 30, 2015

Creative with problem solving

Thanks for taking care of selling our two properties. We have been very happy with your professional approach, availability and how quickly you respond to any questions or issues.

 You have been creative with problem solving never making any issue a road block. We will highly recommend you with any friends that may need a service of a real estate broker in the future.

All the best

Regards

Peter and Doris

Tuesday, September 29, 2015

Daily commuter train from Smiths Falls

By 2017 there should be a daily commuter train from Smiths Falls to Ottawa.

Mobility Ottawa-Outaouais Mobility Systems and Enterprises Inc. (Moose) are on track for their 2017 schedule, Smiths Falls council heard Monday, Sept. 28, at a Committee of the Whole (COW) meeting.  The COW meeting delegation marked Moose President, Joseph Potvin’s, third visit before council, each visit representing a step closer to their goal of providing a private sector commuter system for on existing rail beds.


An interesting real estate note on this development:

The impact to the Smiths Falls community will come from a number of directions, a big one being increases in property values, which Potvin said often come before the train is even running.  Properties within a .8 kilometre walking distance of the station will see an increase, and a real estate intelligence agency called Altus Group, will provide Moose with empirical data of the expected increases.

Please click here for the full article

Saturday, September 26, 2015

Invest in Miami condotel

Ever dreamed of owning your own Miami, Florida residence?  Better than a time share, you own the condo and it is managed by a brand name hotel when you are not there and you split the revenue with the managing hotel.  Just imagine, live 3 months a year in Florida and have your property rented and managed by a major hotel brand

Click here to view The Bentley Hotel and Residences, Miami Florida 

Friday, September 18, 2015

Glebe apartment building with upside potential

Currently, there is a building for sale in the Glebe for $999,000 and it has a net operating income of $55,429 according to the Seller's information.  This a a very strong NOI for the asking price, placing the cap rate above 5%.

if you have any questions on this property or any other Ottawa Real Estate, please click here

UPDATE - Former Canadian Forces Base Rockcliffe Community Design Plan

The Former Canadian Forces Base (CFB) Rockcliffe is a 131-hectare site within an area generally bounded by the Aviation Parkway to the west, the Sir George-Étienne Cartier Parkway to the north, the National Research Council (NRC) campus to the east and Montreal Road to the south. As the site is designated a Developing Community in 3 the Official Plan (OP), a Community Design Plan (CDP) is required prior to development.

For the full story on Ottawa Real Estate development - please click here 

Is Miami the New New York?

A couple of months ago, we heard that Los Angeles was the new Brooklyn, as New Yorkers fled the wealth, glitz, and blizzards for wealth, glitz, and permanent summer. Apparently, though, Los Angeles isn’t their main migration destination: Between 2009 and 2013, some 22,000 New Yorkers headed to Miami.

Read the complete article on Miami Real Estate, please click here 

Thursday, September 17, 2015

Successful sale

Greg,
Thank you for all your efforts in a successful sale. 

Doris and Peter, I am so grateful to have you as a partner with these properties. You have done so much to make my life easier.

Warmly,
G

Tuesday, September 15, 2015

Learn about syndicated mortgages at the SOBA exit party

TUESDAY SEPTEMBER 29, 2015
SOBA
EXIT PARTY
TIME: 6:00 PM – 8:00 PM PLACE: NATIONAL ARTS CENTRE
53 ELGIN STREET, OTTAWA, ONTARIO, K1P 5W1
REFRESHMENTS & HORS D’OEUVRES WILL BE SERVED

Monday, September 7, 2015

Top 20 Reasons to Visit & Buy in Miami

  1. Affordable Real Estate – The local market offers record affordability, amenities, & seller incentives; 50% more affordable in the last five years; weak U.S. dollar gives greater discounts for foreign buyers
  2. Top Market for Int'l Buyers – Florida is the top state in the U.S. & Miami is the top market for int'l buyers; & is expected to outperform other U.S. markets long into the future
  3. Enviable Weather – The only major "subtropical" city in continental U.S.; average temp. 75 ºF / 23 ºC
  4. Beautiful Beaches – Greater Miami has 84 miles of Atlantic Ocean coastline & 67 square miles of inland waterways & more than 15 miles of world-famous beaches
  5. Water Sports & Activities – Enjoy snorkeling, sailing, boating, kayaking, swimming, diving & other water sports all year around
  6. Exciting Lifestyle for All – young adults, families, baby boomers, retirees, celebrities, & visitors - museums, performing arts venues, art galleries, professional sports, & amazing places to shop
  7. Fabulous Nightlife – Ocean Drive & more - top restaurants, night clubs, bars, world famous hotspots
  8. Restaurants – In Miami you can savor worldwide cuisine unlike in any other city in the U.S.
  9. Entertainment Industry – Major fashion center, top modeling agencies in the world, Fashion Week & more than 2,400 motion picture & video businesses
  10. Commercial & Investment Real Estate – Vacancy rates for all commercial sectors in Miami are below the national average; retail & multi-family are outperforming most major markets in the U.S
  11. "Gateway to the Americas" – Strategic location between Latin America & Europe; "Capital of the Americas" - perfect for business or pleasure
  12. The Most Int'l City in the U. S. – nearly 50% of population is foreign born & speak over 100 languages
  13. Global Business Center – for business, finance, commerce, media, entertainment, arts & international trade; no state income tax; home to nearly 1,200 multinational companies from 56 nations; more than 100 international consulates, trade offices & bi-national chambers of commerce
  14. Hotels – ranks fifth in US in occupancy after New York, Oahu Island, San Francisco, & Boston
  15. Top Tourist Destination – 12.6 million overnight guests – with 6 million of them int'l visitors
  16. World Aviation Hub – 3rd in the U.S. with 33.5 million passengers a year; Over 80 airlines to 120 destinations – top freight airport in the U.S. with 1.8 million tons - $19 billion in business revenue/year
  17. Port of Miami – "Cruise Capital of the World" with more than 4 million passengers a year; Also serves 240 seaports; 9 million tons of sea cargo; top markets: China, Italy, Hong Kong, Honduras & Brazil
  18. Educational Institutions – 4th largest U. S. school district; 5 colleges & universities; 3 law schools
  19. Hospitals – 33 hospitals; Jackson Memorial is one of the top 25 hospitals in the U. S. & Miami Children's Hospital is rated the top pediatric hospital in the country
  20. Top Rankings
    • Miami has the largest concentration of international banks in the U.S.
    • Miami's skyline ranks third in the U.S. behind New York City & Chicago & 18th in the world (Almanac of Architecture & Design.)
    • Miami is the only major city in the United States bordered by two national parks, Everglades National Park on the West, & Biscayne National Park on the East.

Friday, September 4, 2015

Strong summer performance for Ottawa's resale market

Members of the Ottawa Real Estate Board sold 1,279 residential properties in August through the Board's Multiple Listing Service® System, compared with 1,200 in August 2014, an increase of 6.6 per cent. The five-year average for August sales is 1,234.

"Ottawa Real Estate Board members had a busy August, with units sold coming in higher than the five-year average and a healthy increase from last year's sales," says David Oikle, President of the Ottawa Real Estate Board. "In addition to an increase in units sold, inventory levels of residential and condominium properties dropped by 5.3 per cent since last month, and cumulative days on the market was an average of 89 days."

August's sales included 259 in the condominium property class, and 1,020 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 average sale price of a residential-class property sold in August in the Ottawa area was $379,946, a decrease of 0.1 per cent over August 2014. The average sale price for a condominium-class property was $244,801, a decrease of 7.3 per cent over August 2014. 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.

"It is important to note that the increase in units sold is for both residential and condominium properties," says Oikle. "Also, we continue to see an increase in the number of condominium units sold in comparison to 2014, and the year-to-date condominium sales are now close to on par with last year."

"The majority of buyers in Ottawa continue to buy properties in the $300,000 to $400,000 price range, closely followed by the $200,000 to $300,000 range," says Oikle. "In addition to residential and condominium sales, OREB members assisted clients with renting 295 properties in August, and over 2,000 since the beginning of the year."