The Molly & Claude Team

The Molly & Claude Team Realtors Ottawa, Royal LePageTeam Realty

Lansdowne 2.0 – Revised

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A revised Lansdowne 2.0 plan has been received and a public meeting was held. The revised proposal will go before a joint meeting of the Financial and Corporate Services Committee and the Planning and Housing Committee early November. Subsequently it will be considered by the Built Heritage Committee then the full city council.

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

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Virtual Tour




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.





Ottawa Real Estate News Release (OREB) – Ottawa MLS® Home Sales Hold Steady in Lackluster September

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OTTAWA, October 6, 2023 –  The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 946 units in September 2023. This was unchanged from September 2022.

Home sales were 29.6% below the five-year average and 23.6% below the 10-year average for the month of September.

On a year-to-date basis, home sales totaled 9,889 units over the first nine months of the year. This was a large decline of 13% from the same period in 2022.

“Sales activity came in right on par with where it stood at the same time last year but was still running well below typical levels for a September,” said Ken Dekker, OREB President. “New listings have surged in the past several months, which has caused overall inventories to begin gradually rising again. However, available supply is still low by historical standards, and we have ample room to absorb more listings coming on the market. Our market is also right in the middle of balanced territory, and while MLS® Benchmark prices are down from last year they are still trending at about the same levels from 2021.”

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 $643,600 in September 2023, nearly unchanged, up only 0.5% compared to September 2022.
  • The benchmark price for single-family homes was $727,500, essentially unchanged, up just 0.6% on a year-over-year basis in September.
  • By comparison, the benchmark price for townhouse/row units was $510,900, a small gain of 2.5% compared to a year earlier, while the benchmark apartment price was $422,300, falling by 1.1% from year-ago levels.
  • The average price of homes sold in September 2023 was $675,412, increasing by 2.7% from September 2022. The more comprehensive year-to-date average price was $672,837, a decline of 6.5% from the first nine months of 2022.
  • The dollar value of all home sales in September 2023 was $638.9 million, up modestly by 2.7% 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 9.8% from September 2022. There were 2,259 new residential listings in September 2023. New listings were 4.8% above the five-year average and 7% above the 10-year average for the month of September.
  • Active residential listings numbered 2,997 units on the market at the end of September, a sizable gain of 14% from the end of September 2022. Active listings haven’t been this high in the month of September in five years.
  • Active listings were 33.9% above the five-year average and 18.5% below the 10-year average for the month of September.
  • Months of inventory numbered 3.2 at the end of September 2023, up from the 2.8 months recorded at the end of September 2022 and below the long-run average of 3.3 months for this time of year. 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.


7 Overdone Kitchen Trends

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ApartmentTherapy has put together a post which highlights 7 overdone kitchen trends. These include:

  • Closed-off cabinetry
  • All-white everything
  • Massive kitchens with minimal counter space
  • Impractical light fixtures
  • Subway tiles
  • A few too many design details
  • Being a one-trick pony
It’s an interesting list. I’m not sure what to think about it. For starters closed-off cabinetry, well perhaps a shelf or two but most people don’t have enough things that can be seen on an open shelf and appear nice. The all-white everything I’ve heard this before, so maybe. Subway tiles, I’ve heard that one before too.

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