Happy Mother’s Day!
Midimalism
I’ve just learnt a new word: Midimalism. It seems to be a new trend!
You guessed it it is somewhere in between minimalism and maximalism. It’s not bad actually. Not everyone wants to live at either end of the spectrum. Maximilism being too much for many and minimalism being, well, too little. So this perhaps is a good place for some. Now, remains to be seen if this is a word you read here today or if it’s a word reflective of a new esthetic. Let’s meet here in a year and see. Meanwhile you can read more about it in this houseandgardens.com post.
Ottawa Real Estate Newsletter – May 2024
Architecture – History of Architecture – Part 3
Early Modern Architecture
The Fagus Factory
Alfeld, Germany, 1911
Continuing from the previous overview of architectural history, here’s a look at Modernism, Postmodernism, and contemporary architecture:
Modernism (Late 19th century – mid-20th century)
Modernist architecture emerged as a reaction to the ornate styles of the 19th century and the new possibilities brought about by industrial materials such as steel, glass, and concrete. It is characterized by minimalism, a lack of ornamentation, and a focus on functionality. Architects like Le Corbusier, Ludwig Mies van der Rohe, and Frank Lloyd Wright were pioneers of this movement. Their designs featured clean lines, open spaces, and innovative structures that emphasized form following function. Notable examples include the Villa Savoye by Le Corbusier in France and the Bauhaus School in Germany.Postmodernism (Late 20th century)
Emerging in the late 20th century, postmodern architecture was a response to the perceived blandness and impersonality of modernist architecture. It reintroduces ornamentation, color, and historical references, often in a whimsical or ironic manner. Architects such as Robert Venturi, Michael Graves, and Philip Johnson are key figures in this movement. Postmodern buildings often mix different styles and elements, sometimes playfully, to create eclectic and unique designs. Notable examples include the Portland Building in Oregon by Michael Graves and the Piazza d’Italia in New Orleans by Charles Moore.Architecture Today (21st century)
Contemporary architecture is incredibly diverse, incorporating advances in technology, sustainability, and materials. Current trends include the increased use of green technologies and sustainable materials, digital design and fabrication techniques, and a focus on urban and environmental integration. Architects like Zaha Hadid, Norman Foster, and Frank Gehry have pushed the boundaries of architectural design with innovative forms and the use of new technologies. Notable projects include the Guggenheim Museum in Bilbao by Frank Gehry and the Burj Khalifa in Dubai by Adrian Smith. Moreover, there is a growing emphasis on smart cities, energy efficiency, and adaptive reuse of old buildings to meet today’s needs without compromising the ability of future generations to meet their own.Architecture today continues to evolve, reflecting and adapting to the changing needs of society, with a strong emphasis on sustainability and technology integration.
Expressionist Architecture
The Einstein Tower
Potsdam, Near Berlin, Germany
1919
Art Deco Architecture
The Theatre des Champs-Élisées
Paris, 1910
International Style
The Glaspaleis
Heerlen, The Netherlands, 1934
Piazza d’Iitalia
New Orleans, US, 1978
Team Disney Building
Los Angeles, US 1990
Multicolour Interior of
the Cambridge Judge Business School
Cambridge, The UK 1995
The Dancing House
Prague Czech Republic, 1996
The Meadows Museum
Dallas, Texas 2001
The Beijing National Stadium
Beijing, China, 2003
The Library and Learning Centre of the University of Vienna
Vienna, Austria, 2008
The Isjerget Housing Project
Aarhus, Denmark
2013
Ottawa Real Estate News Release (OREB) – Modest Gains Across Ottawa’s MLS® Market a Sign of Shared Confidence
May 6, 2024
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,456 units in April 2024. This was an increase of 8.9% from April 2023.
Home sales were 2% below the five-year average and 6.9% below the 10-year average for the month of April.
On a year-to-date basis, home sales totaled 4,132 units over the first four months of the year — an increase of 11.5% from the same period in 2023.
“It’s a typical spring in Ottawa’s real estate market,” says OREB President Curtis Fillier. “What sets it apart from recent springs is a restored mutual confidence among both buyers and sellers. Buoyed by recent sales activity, sellers are more confident that they can move their property as evidenced by the uptick in listings. For buyers, the pressure of the pandemic market has eased and they’re comfortable taking the time to find the property that best suits their needs. The pace is still conservative while the economy is holding some back, but overall Ottawa’s market is strong and stable, and that’s a win-win.”
“The real story is in the details,” says Fillier. “Looking more closely at what’s selling and for how much suggests the demographic of buyer is changing. While most of Ottawa’s market is in balanced territory, townhomes have shifted to the seller’s market side as supply shrinks. Single-family homes are the most active market, which is inflating the average sale price. The next few months will be both telling and interesting as people continue to redefine their post-pandemic normal amid an upcoming federal election and back-to-work mandate for government workers. The detailed insights and data that REALTORS® have unique access to will be invaluable in helping buyers fine-tune their strategy for their specific neighbourhood and property type.”
By the Numbers – Prices: The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.
- The overall MLS® HPI composite benchmark price was $643,700 in April 2024, a marginal gain of 1.6% from April 2023.
- The benchmark price for single-family homes was $727,700, up 1.6% on a year-over-year basis in April.
- By comparison, the benchmark price for a townhouse/row unit was $500,800, up slightly at 1% compared to a year earlier.
- The benchmark apartment price was $423,100, up 2.1% from year-ago levels.
- The average price of homes sold in April 2024 was $705,117 increasing 1.2% from April 2023. The more comprehensive year-to-date average price was $675,817, increasing by 2.4% from the first four months of 2023.
- The dollar volume of all home sales in April 2024 was $1.02 billion, up 10.2% from the same month in 2023.
By the Numbers – Inventory & New Listings
- The number of new listings saw an increase of 40.5% from April 2023. There were 2,597 new residential listings in April 2024. New listings were 19.7% above the five-year average and 4.6% above the 10-year average for the month of April.
- Active residential listings numbered 2,966 units on the market at the end of April 2024, a gain of 36.6% from April 2023. Active listings were 62.6% above the five-year average and 13.7% below the 10-year average for the month of April.
- Months of inventory numbered 2 at the end of April 2024, up only slightly from 1.6 in April 2023. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
1990s Interior Design Trends
House and Gardens tells us that trends from the 90s are back! Interesting! It’s funny I always try to stay away from trends and stay classic or timeless. But I suppose much as I say that I hope to not live in a time capsule so I must be somewhat aware of the trends. How about this: beware of the trendy trend that you know will pass in a flash. Unless you have the money to replace an orange coloured refrigerator when that trend goes.
Condos – Overbrook / Castle Heights
Here is an overview of the condo options available at the addresses in the Overbrook Castle Heights area of Ottawa:
- 1-39 Forestlane Private – These are row units located in a community characterized by a strong residential feel, offering a sense of privacy and quiet within the city.
- 10-20 Hart Avenue – These condos, stacked apartment units, featuring 2-bedroom configurations with two bathrooms each, providing modern amenities close to essential services such as shopping and public transportation.
- 24-52 Oakhaven Private – Also row units, these homes are part of a development known for its communal atmosphere and well-maintained properties.
- 262-268 Prestland Road – These are stacked condos, offering practical living spaces in a well-established part of the neighborhood.
- 311 Prestland Road – Entry level stacked condos built in the late eighties in a nice setting located within the same appealing community environment as other addresses on Prestland Road.
- 550 Straby Avenue – These townhouse condos built in 1971, offer 3 and 4 bedroom units with 2 bathrooms, set in a mature community with park-like settings, indicating larger, family-oriented living spaces.
Ottawa Condo for Rent
Heron Gate
1110-1440 Heron Road
$1,950/month
Fully renovated end-unit with two large bathrooms one with two walk-in shower, ample storage spaces, outdoor parking along with a spacious and bright open concept living/dining room perfect for entertaining friends and family. The apartment also includes a large bedroom with a sitting area and a walk-in closet along with an en-suite bathroom. The unit has its own in-suite laundry room and ceramic heating floor throughout the entire unit, perfect for cold Ottawa winters. The building is conveniently located within walking distance to many amenities such as grocery stores, public transport, schools, and green spaces for day-to-day activities while also providing an indoor saltwater pool/hot tub, party room, and exercise room. Perfect for young families, working professionals, and retirees. The parking space is outside #3. Can be returned to a 2 bedroom condo.
Virtual Tour
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