New First-Time Home Buyer Mortgage Incentive!

A new incentive for first-time home buyers! 😮🤩

You could receive up to 10% for new builds and 5% for existing homes from CMHC, which would go towards your mortgage. Only households with an annual income of under $120,000 can participate.

Basically the incentive will lower your mortgage payments as you'll be borrowing less. You will have to pay back the 10% or 5% at some point but they haven't made it clear when or how you'll do that.

For now we know it will make buying a home that much more affordable for people entering the market. 😀

Want more details? 👇

https://globalnews.ca/news/5069183/budget-2019-canada-housing-affordability/

Untitled design (1).png

Mega Open Houses with us Work!

Congratulations to our lovely sellers who are on to new adventures!

I remember them saying when we initially met, that the other realtors don't believe in open houses...and I explained how we do them, and we believe in our strategy! We only do one 🤓and it works!

Guess what? Our open house strategy SOLD their home on Super Bowl Sunday💪 and during a huge ice storm! Part of the strategy includes our secret weapon, Michael😎!

If you want strategies that work - call us today and lets discuss which one of ours is right for your home!

53245776_10156225675083367_3209587261679075328_n.png

Ottawa Market Update - February Stats

“If you are thinking about selling, don’t wait - get a jump on the spring market! Now is the time to have a conversation with your REALTOR® who understands the best way to position your home in the market and has the experience to guide you through its complexities,” Delahunt suggests. “This is the type of market you certainly wouldn’t want to navigate without one.”

We have record low inventory, so houses that are coming up for sale are selling a lot faster than in previous years. They're also selling for more, so if you've thought of selling, give us a call. We're happy to give home evaluations and answer any questions you may have! ☺️

Spring market here we come! 💪

Lorie's Favourite Stuffing Recipe

This recipe is so good I just had to share. It’s the perfect addition to your holiday meals, just try not to eat it all before it hits the table!

Ingredients:

French toast batter:

  • 3/4 cup buttermilk

  • 3/4 cup heavy cream

  • 2 large eggs

  • 1/4 tsp garam masala (plus a pinch for the apples)

Stuffing:

  • 6 cups of day-old sourdough bread, cubed

  • 2 apples (Honey Crisp, Pink Lady or Gala)

  • 7 tbsp unsalted butter, divided

  • 1 bulb fennel

  • 1 spanish onion

  • 2 tbsp chopped tarragon (plus additional to garnish)

  • 1/2 Ib sausage (breakfast or sweet Italian)

  • 1/2 cup toasted pistachios, crushed

  • salt to taste

Method:

  1. For the French toast batter: In a bowl, whisk buttermilk, heavy cream, eggs, and garam masala. Pour over bread cubes, toss, and let rest so the bread can absorb all of the liquid. For the stuffing: Peel, core, and evenly slice the apples. Melt 2 Tbsps butter in a skillet over high heat; add the apples, turn the heat to medium, and cook for 5 minutes. While they apples are cooking, core and thinly slice the fennel and onions so they are the same size. Season apples with a pinch of garam masala, a pinch of salt, then toss, remove from skillet and set aside.

  2. Add 1 tbsp butter to the same skillet and add the fennel and onions, along with the tarragon and a pinch of salt. Cook until just tender, 5 minutes. Remove from the skillet and set aside.

  3. In the same skillet over medium heat, brown the sausage and break it up. After a minute or two, flip to brown on the other side. Remove and set aside. Over medium heat, melt 2 tbsps of butter in the skillet and add half of the bread/french toast mixture in an even layer. Add a pinch of salt and continue cooking until the bread is brown and caramelized in parts; set the browned bread aside. Repeat with the remaining butter and bread/French toast mixture. Add all of the bread to a serving bowl along with the apples, fennel, onion and sausage. Toss, then top with the tarragon and pistachios, serve.

Ottawa is grateful!

This past weekend, Ottawa was struck by 3 tornadoes in different areas of our city! With winds up to 265km/hour, it had a devastating effect!

To half of the Ottawa population, it affected their electricity immediately. To the residents of the communities in Dunrobin, Calabogie and Nepean, it was far worse. There were injuries, loss of roofs, trees and loss of homes.

Electricity has been restored as of last night to the majority of Ottawa, and the sighs of relief and gratefulness are very apparent in our attitudes. It was bad, but it could have been so much worse. We are praying for those who are still in the hospital. We are thinking of those who are in the throes of finding somewhere to live short term, and those who dealing with all the details there must be in rebuilding.

The communities of Ottawa certainly embraced their neighbours during this time. Checking on senior citizens door to door, community meals in Barrhaven set up by local businesses. It has been humbling to see how people can and do react in a crisis. There are many heroes this week, starting with our first responders! Thank you.

On a practical side, many residents were not ready for a natural disaster. We do need to take stock of what our readiness was, and maybe right now, while it is fresh in our mind, set up our homes for the future (not that we ever want this to happen again). The grocery stores were not open, the gas stations ran out of gas….cell phone service to stay in touch with what was happening, was sporadic.

We are all grateful today, breathing a big sigh of relief, and yet, we are still in disbelief. For most families, all returns to normal, but there are a small percentage in the hard hit areas, where life will never be the same, and rebuilding starts this week.

In gratitude.

Lorie

tornado-dunrobin-aerial-shot-ottawa.jpg

Multiple Offers and Professionalism

 

One of the things that is important when your listing goes in to multiples....is managing the communication with the other parties, including the other realtors.

I have been on the buying side and seen some interesting situations which were not beneficial to either the buyer or the seller.  Our objective is always clear and transparent communication.  Communication that makes everyone feel fairly treated and that they had as much opportunity to win the house as the next realtor...

The other side of that - is when its our turn and we have buyers in a fight to win their dream home, the respect and courtesy is reciprocated!   Today with 13 offers on the table for our latest sold listing, it was nice to get the realtors positive feedback.  Not only were our sellers ecstatic at their results, we had a family moving in who are happy.  Yes, 12 other buyers were not happy, but at least they didn't feel they were kept in the dark, or didn't have a chance to do their very best.

We will always do our best for our sellers, but we will also do our best to promote fairness and professionalism.  It just makes sense long term.  Thank you to all who put their efforts in today.  We don't win everyday, but everyday we do our best.  That's all you can do in situations such as these!

Now more than ever...#whoyouworkwithmatters

SOLD! This is what 13 offers looks like! (1).png

June's Market Recap

The condo volume numbers are robust

At the lower end of single family resale market, buyers are having to turn to condominium units as a way of achieving ownership at a price they can afford. The over supply in our condo market is no longer an issue, as it's helping to ease our overall inventory shortage.

The price of purchasing a new build is becoming out of reach for many entry level buyers.

Inventory remains low, home prices continue stable and affordable.

What Makes us Different

Sometimes you have to brag for yourself... :)

This is one of the many things that differentiates us from our competition. We sell homes faster AND for more money than the average Ottawa Realtor. Part of what gets these results is having a tried and true marketing strategy that we tailor to each property we list, to ensure our clients get the maximum value from our services. We use professional photography, staging and just recently we've started using an amazing videographer to get many of our listings the most visibility possible in this social media driven world. We are always educating ourselves on new marketing techniques, and attending training events to stay up-to-date and ahead. We believe in life long learning, innovating and constantly imporving our processes to give you the maximum results.

 "innovation distinguishes between a leader and a follower" - Steve Jobs

Days on the market (2).png

May's Market Recap

🤔 Interesting fact about the current market - the most active price point in the condominium market is between $150,000-$250,000 representing 49% of units sold! 🧠 Apartment condos represented 52% of that.

This is likely a reflection of the low vacancy rate in the rental market. If you can scrape together a down payment, the carrying costs of one of these condos should be less than renting. 😎

Some Important Nuances on the Current Market

Of course the spring market has been strong...holding back offers, multiple offers, sale prices are higher than the list price.  We listed and sold 2 properties for $97,000 over asking!  Thats not typical, but certainly it has been happening.

And I always get the question - how is the market?  And it REALLY does depend on who is asking that question!

The whole year, the story has been supply and demand.  No supply, high demand and you get results like the above.  Great for sellers.  Tough on buyers.

We have noticed some areas that the inventory is increasing.  Its the old phenomena of the media telling you that its a hot market, and now is a good time to sell!  I have been telling clients that for at least 10 months.  I still am...with Coles notes attached.  It depends where you are and what you have to sell.

The good news is for the buyers...there are choices now in many areas.  And in some areas, you actually may not compete.  Those areas are possibly heading towards a more traditional market.

So if you are in the selling phase - we have the stats analysed and can help you.  And things are changing weekly.  If you are buying, and have been on the fence, NOW is a good time to drop back in to the market with us.  You have an OPPORTUNITY again - now. 

We have 3 strategies for our buyers.  Interested?  You can win in this market with our 3 strategies!

 

Customer Service or Customer Experience?

Last week I escorted my young niece to Montreal to support and encourage her on a big interview in Montreal.  I decided to make the trip worthwhile and take a day or two in Montreal to enjoy the pulse and energy in the most cosmopolitan city we have east of Ottawa;)

I think the whole reason I love travel, hotels, window shopping and dining out is to experience service.  Or to have an experience as a customer.....Having been work raised in high end, exceptional, service oriented retail businesses, I am always curious about who is doing what and who is the best.  So when I am away, I delve in and look for those service moments.

Truthfully, I have fallen in love with Montreal and it was the experience after experience over 48 hours with everyone we met.  I was wowed!

But really, I fell in love with Pierre Beauchamp at the Hotel Omni, Mont Royal.  Pierre has been their ambassador from the beginning when it opened as a Four Seasons to its present ownership as the Hotel Omni.  Thirty nine years of making guests fall in love with him, the experience and the hotel.  He had me at the front door with his first hello and his first giggle.  And I thought I had a laugh!

Pierre is the epitome of everything we all strive for in customer service.  He knows its the experience, the little things, the genuine love of what he does, the genuine pride of who he represents.  He knows he is the one who can make the guest feel like a million, like the only one.  He makes a difference.  He didn't just do it with us, he did it with James Brolin and Barbara Streisand, with Super Tramp, with Stevie Wonder.....Really?  He is even more special because it doesn't matter who you are, every guest is equally important. 

I came back to work today with a renewed sense of purpose.  A quest to always look for more ways to make the selling and buying experience better than the expectation.  To make it an experience, not a transaction.  I know we genuinely care and our clients truly get that sense, but I believe we can always do better, always strive for more.  Sometimes, you have to step away, get that personal experience, in order to remind yourself, of why you do what you do.  And to keep looking for new moments we can create for our clientele, who we care so much about.

Kudos to Montreal, kudos to Hotel Omni and super kudos to Pierre...it is because of you, that I will return!  You are a one of a kind, an exceptional gentleman, a superlative role model for everyone who works at the Omni...and may I say, your service is an art.  And there are not enough artists out there!  We all need to strive for this level of execution.   

I love you Pierre!

March was hot in Ottawa - and we are not talking about the weather!

March sales volume was up 12%.  The average price of all homes was up 8%.  Whether you lived west, south, east or Downtown, your home saw a substantial increase.  It all sounds positive - and it is - we feel there are opportunities for everyone, whether you are selling, buying or investing!

If you have questions on your home, your neighbourhood or the neighbour's home, we are just a call or text away!

A Season of Happy Sellers

As predicted, the supply and demand situation in many parts of Ottawa (not everywhere), is creating a sellers market.  Great for the sellers and a wonderful way for us when we list homes, to strategize and achieve the top price possible for our clients.

We have had $30,000 over list, a townhome which last year would not sell over $270,000, get $40,000 more than 2017....can you imagine?  And the latest one, well let's just say, almost 6 figures over asking......almost like winning second prize in the lottery!  Needless to say, it is a situation which needs managing and strategizing.  Now more than ever, experience and a great realtor will help you net more than you thought possible!  

And then as a buyer, you have to be ready for this - and we have been uber successful with our buyers, because we have prepared them!  It is not a time to be traditional in one's approach and laissez faire, otherwise that home purchase will remain a dream and not a reality!

Either way, we know how important it is to align yourself with a realtor who can help you achieve your goals and dreams.  We humbly think that we can help, and would love to sit with you and discuss how.  I find the market exciting, because I love the dynamics and energy, but I know you may find it a bit intimidating.  We are used to that, and can walk you through it all, at your pace.  

And if you don't want to move, but want to take advantage of your home's value increasing - we have some thoughts on that too!  Call or text us anytime.  Michael and I are at your service.

 

Lorie Ann, You are a truly wonderful agent! Thank you for all that you have done for us. We appreciated your honesty, integrity, your time and knowledge. And Thank you for seeing our vision, I would have never though (4).png

Latest News about the Ottawa Market!

I have neglected you dear Blog!

The big news is the INVENTORY!  Or lack thereof!  The supply and demand is creating multiple offers and price increases at least for the short term!

What does that mean to you Mr. Seller?  Its a great time to call us about listing!  We have many buyers we are currently working with, and may be able to get you top dollar with low effort and no inconvenience!

For our Buyers, what it means to you, is you need to be working with a strong and proactive realtor team who has strategies and doesn't wait for the listings!  WE definitely have that covered if you are a serious, motivated 2018 buyer!  Call us and set up a time to talk about what we do differently for OUR buyers.

 

We are sending out a video with some tips and tricks and opportunities for the current state of the market!  If you would like to be on our list, please send us an email @ admin@homewithlorie.com

27654441_10155373568033367_6181639186664594870_n.png