The Molly & Claude Team

The Molly & Claude Team Realtors Ottawa, Royal LePageTeam Realty

Architect – Annabelle Selldorf

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Annabelle Selldorf (1960-) is a German born architect and founder of Selldorf Architects based in New York City. In youth she was inspired by the work her father did on a house in Cologne. Later by Ludwig Mies Van Der Rohe. She studied at the Pratt Institute as well as the Syracuse University.


Sunset Park Material Recovery Facility




347 Bowery




Steinway Hall




David Zwirner – 20th Street




Hauser Wirth 18th Street




National Gallery, London




10 Bond Street




Museum of Contemporary Art, San Diego




Clark Institute Visitor Centre, Williamstown, MA



Ottawa Real Estate News Release (OREB) – Ottawa MLS® October Home Sales Show Typical Lull

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OTTAWA, November 7, 2023 –  The number of homes sold through the MLS® System of the Ottawa Real Estate Board totaled 816 units in October 2023. This was a small reduction of 2.7% from October 2022.

Home sales were 36.4% below the five-year average and 30.8% below the 10-year average for the month of October.

On a year-to-date basis, home sales totaled 10,700 units over the first 10 months of the year. This was a substantial decline of 12.3% from the same period in 2022.

“Life is expensive these days, which likely has both buyers and sellers staying put,” says Ken Dekker, OREB President. “We’re seeing a slow decline in sales activity but it’s minimal and not unexpected for this time of year. Prices are adjusting and coming down, which is also indicative of the types of homes that are selling — apartments seeing the largest increase in sales activity over last October. While Ottawa’s inventory is slowly building, chronic supply issues mean there’s always an undercurrent of demand. Don’t let the lull fool you: now is a prime time for buyers to be looking for opportunities before the current carries us from a balanced market into seller’s territory.”

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 $638,600 in October 2023, nearly unchanged, up only 1.8% from October 2022.
    • The benchmark price for single-family homes was $721,600, up 2.2% on a year-over-year basis in September.
    • By comparison, the benchmark price for a townhouse was $501,100, nearly unchanged, up 1% compared to a year earlier.
    The benchmark apartment price was $424,100, unchanged from year-ago levels.
  • The average price of homes sold in October 2023 was $660,836, increasing 2.9% from October 2022. The more comprehensive year-to-date average price was $671,983, a decline of 5.9% from the first ten months of 2022.
  • The dollar value of all home sales in October 2023 was $539.2 million, unchanged from the same month in 2022.

    • OREB cautions that the average sale price 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 calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.
By the Numbers – Inventory & New Listings:

  • The number of new listings saw an increase of 6.6% from October 2022. There were 1,895 new residential listings in October 2023. New listings were 2% above the five-year average and 5.4% above the 10-year average for the month of October.
  • Active residential listings numbered 3,062 units on the market at the end of October, a sizable gain of 16.7% from the end of October 2022. Active listings haven’t been this high in the month of October in more than five years.
  • Active listings were 43.8% above the five-year average and 10.9% below the 10-year average for the month of October.
  • Months of inventory numbered 3.8 at the end of October 2023, just up from the 3.1 months recorded at the end of October 2022. 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.


Investing in Real Estate with Bad Credit

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Can you invest in real estate with bad credit? Yes but your options will be more limited and it may initially cost you more. The Canadian Real Estate Magazine gives us details:

  • Drawbacks of poor credit
  • Choosing the right property
  • Private Money Lenders
  • How to find hard money lenders
  • What sort of loans can you get with bad credit?
  • Invest with a partner
  • Use a home equity line of credit
  • Owner financing
  • Fix your credit
  • Decreasing your debt to income ratio
  • Benefits of seller financing
  • Save money for a big down payment


Ottawa Condo for Sale
Vanier
507-158A McArthur Avenue
$285,000

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Welcome to Chateau Vanier suite 507-158A McArthur Avenue. A gracious foyer leads you to a spacious 2 bedroom 1 bath condo. Hardwood under carpet. Bright living / dining room with adjacent balcony. Ample closets and in suite storage. Well managed building. Amenities include elevators, fitness centre, indoor pool, party room, sauna, library, party room, meeting room, ample visitors parking, expansive garden, and various shops. 1 underground parking and locker. Close to various shops including 24 hour Loblaws across the street. 2 blocks away from Riverain Park including walking and biking paths. Proximity to Adawe Crossing Bridge connects you to Sandy Hill and uOttawa. Close to downtown and easy access to 417. Immediate possession available.



Virtual Tour




Looking for a new home!

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A friend/client is moving from a condo to a retirement home. In the process, Dixie a 7 year old neutered female is in need of a new home. Please contact me here, via email at claude@claudejobin.com, by phone, or by text at 613.804.7979 to obtain additional information.

In her own words: “Hello! My name is Dixie! I’m a full figured 7 year old cat. My hooman is moving to a retirement home and so after 7 years together it is time we go our separate ways. I’m very friendly! I’d love to meet you and see how we get along. ”


Grandma’s Decluttering Rule

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This ApartmentTherapy post is refers to decluttering but I think it’s more keeping order. Perhaps one has to have decluttered to keep order but that’s another story. This rule, which I love, is never leave a room without taking something that doesn’t belong out of it. As stated if every time you change rooms during the course of the day you take something out, by the end of the day everything will be neat.

This rule goes well with my thought that I can pop over at a neighbours and their condo always looks great. Whereas if someone pops into my condo unannounced I’ll be apologizing for the mess. I must instigate this rule in my condo.

Architecture – Television & Cinema Houses

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It’s always fun to explore houses used for past television shows or movies. Some are facades, some you can visit, and some are private homes. So should you find yourself in front of one be respectful.

When in San Francisco several years ago I wanted to see The Painted Ladies. That row of houses is next to Alamo Square. My daughter and I taxied over. Then from the top of Alamo Square we could so easily see our hotel downtown that we decided to walk back. Little did we know we would be walking through the Tenderloin District. There we were in sketchy neighbourhood when my daughter decides to pet a dog tied on a post outside a restaurant. The owner came running out and started yelling at us. In a pre cellphone era we hightailed it out of there and back to our hotel. Thing about San Francisco is very often one block is safe and the next is not. At least that’s how it was when I visited.

Have you visited any? Is there one you would live in?

About Us

Molly Hoyle Sales Representative
Claude Jobin Représentant des ventes

E-Mail

claude@claudejobin.com




Phone / Address

Phone: 613.804.7979
1723 Carling Avenue
Ottawa, Ontario