Free Photos with Santa – Dec 03 2017 10 am – noon

I would like to invite you and your family to come and join Santa and I on Sunday, December the 3rd at the Owl Cafe in Carleton Place!  I am hosting this FREE family event is in appreciation of present and future business the community has provided me over the last decade. This is the second year of the event, last year was a great success, the kids had a lot of fun and we raised some money for the Owl Cafe also! The Owl Cafe is a great local resource in our community which offers not only great coffee and treats but is also an employer, meeting place and resource centre for people on the Autism spectrum. All money from the booking, food and gift basket giveaway will support their continued efforts.   The place is always well decorated for the holidays, it supports a great cause and is a perfect location for this venue.  This is a free event for you and your family, any donations you wish to make to the cafe can be made on site.

This annual family event is great for the kids, they will have the opportunity to make a beautiful Christmas picture frame craft for your Santa photo, there will be snacks and refreshments, a draw for a Christmas basket and of course Santa himself!  I have hired  local photographer Dalene Gallo of Picture it Studio to take all the photos which will be made available to you after the event.

I hope to see you all out, bring the kids, grand-kids and come on down to the Owl Cafe Dec 3rd 10 am-noon!

Please click here to save your spot to attend this event. Register soon as spots may be limited! If you have any questions you can contact me at 613-371-6024 or info@chantalnephin.com

An upswing in sales for the April market

Ottawa, May 3, 2013 – Members of the Ottawa Real Estate Board sold 1,573 residential properties in April through the Board’s Multiple Listing Service® system, compared with 1,568 in April 2012, an increase of 0.3 per cent.

“The Ottawa market is doing well, and gaining ground back since the “cool-down” of the market for the past five months,” says Tim Lee, President of the Ottawa Real Estate Board. “We are on par with the strong sales of last April, and the resale market is up 34.9 per cent since last month. With the late onset of warmer weather, the traditional “spring market” saw its upswing a little later this year. With interest rates continuing to be low, Ottawa remains a healthy, stable market.”

April’s sales included 302 in the condominium property class, and 1,271 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 residential properties, including condominiums, sold in April in the Ottawa area was $371,565, an increase of 2.1 per cent over April 2012. The average sale price for a condominium-class property was $266,596, a decrease of 2.3 per cent over April 2012. The average sale price of a residential-class property was $396,507, an increase of 2.9 per cent over April 2012. 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.

The Ottawa Real Estate Board is an industry association of over 2,900 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association.

Source: The Ottawa Real Estate Board (OREB)

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BMO to raise back up controversial Mortgage Rates

The Bank of Montreal will return the posted rate for a fixed five-year mortgage back to 3.09%, where it was before they lowered it to 2.99 per cent.  Financial Minister Jim Flaherty had expressed his disapproval over the lowered rate which was offered as of March 4th.

Manulife also reversed its decision to offer a lower rate last week after they received a call from Flaherty asking them to reconsider.

There are however lots of lenders still offering  5 year fixed mortgages below 3% at this time, if you are looking for a new mortgage or would like more information please feel free to give me a call and I can answer any questions you may have.

 

Attention Buyers – BMO Mortgage Rate Cut May Spark Price War

The Bank of Montreal recently cut its five-year fixed mortgage rate to 2.99 per cent as we head into the important spring housing market.  BMO is lowering the rate on its five-year fixed low-rate mortgage to 2.99 per cent from 3.09 per cent on a loan with an amortization period of 25 years.

Other banks have yet to follow suit on their posted rates but already buyers are reporting negotiating rates below 3% with other institutions.

This is not the first time BMO has made this move; last year it also lowered its rate for the spring market, but only for a short time.  When it made the move last year other banks were quick to introduce competitive products. It is unknown how long BMO’s current offer will be offered.

It’s subject to withdrawal. We’re not announcing how long it will be out in the market.

Sameh Elrefaei, BMO’s head of mortgage products

The lower rates are likely being offered to remain competitive in a shrinking housing market  after the government introduced tougher mortgage rules last year.

If you are thinking of renewing your mortgage or are interested in purchasing to take advantage of these low rates I would be happy to assist you.  Fill out the short form below today and I can arrange a free, no obligation consultation for any of your mortgage needs.

Get a Free Mortgage Consultation

 

Move-up purchasers set to increase their stake in homeownership in 2013

“Move-up purchasers set to increase their stake in homeownership in 2013, despite overall trend toward moderation, says RE/MAX”

 

Against a backdrop of strong equity gains and lower interest rates, move-up buyers are once again set to ramp up their role in major Canadian housing markets.

That’s the key finding of the RE/MAX Move-Up Buyers Report 2013, which examined sales and trends at trade-up price points in 16 major centres throughout the country.

 Serious average price appreciation over the past 10 years has been the primary catalyst, with compound annual growth led by Regina (11.57 per cent), Saskatoon (10.25 per cent), Winnipeg (10.03 per cent) and St. John’s (9.56 per cent). 

 Five-year appreciation was much more muted, with compounded rates of return hovering near five per cent in most centres.  Regina and Winnipeg once again bucked the trend, posting increases of 12.7 and 8.39 per cent, while St. John’s posted a four-year compound annual gain of 11 per cent.

 There’s no question that the equity position of Canadians has been remarkable.  Yet, gains remain well outside of bubble territory, particularly in the often-cited markets of Vancouver and Toronto.  And while Regina, Saskatoon and St. John’s have proven more robust, house prices are still playing catch up, given a stronger economic status and following years of steady, but modest growth.  Overall, healthy fundamentals remain in place, as enthusiasm climbs among experienced home purchasers.

 In fact, the report also noted that the time between moves has actually decreased among move-up buyers, with most now prepared to move within four to seven years of their original purchase.  Why such confidence?  The move simply makes sense.  With today’s rock bottom mortgage rates, many are able to secure a larger home and/or better neighbourhood, while taking on carrying costs just slightly higher than their original payment. 

 Inventory has played a role drawing out buyers in centres such as Vancouer, Victoria, Kelowna and Saint John, where buyer’s market conditions and—in some cases—softer pricing have created ideal opportunities.  Tight inventory levels, meanwhile, are hampering activity to some extent in Edmonton, Calgary, Regina, Saskatoon, Winnipeg, Toronto proper, Hamilton-Burlington and pockets of St. John’s.  Unless conditions improve, continued upward pressure on pricing is expected in the months ahead, but even that is prompting some to act sooner rather than later. 

 The supply crunch has created a bit of a catch-22 in some markets, as homeowners hold off listing their current home, concerned they won’t find an ideal home to trade up to, ultimately exacerbating the inventory issue.

 Yet, on the whole, the outlook remains positive, with Kelowna, Edmonton, Calgary, Winnipeg, Toronto, Hamilton-Burlington, and London-St. Thomas demonstrating solid move-up activity out of the gate in 2013.

 Move-up buyers remain firm in their belief that homeownership is a sound investment.  Most realize that very few financial vehicles provide the security and dual purpose that homeownership affords.  They also realize that opportunity is not finite—one reason that move-up markets remain well-positioned for the year ahead

CHANTAL NEPHIN HAS MOVED !!!!

I would like to take a minute of your time to announce my exciting news. As of January 22st 2013 I have joined RE/MAX Affiliates Realty Ltd. I am looking forward to building my business with the world’s leading real estate brokerage.

Moving forward I will continually strive to provide excellent service. In my business the most profound asset I possess is the respect and trust of current and past clients. I will continue to be committed to grow my business by repeat and referral work; bringing both my personal dedication and the industry’s best practices to ensure an outstanding, stress–free real estate experience for my clients.