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December, 2009

Services
in
The Avalon Report English
& French
!
I HAVE INVESTORS LOOKING TO BUY INCOME PROPERTIES

November home sales back on track after slow 2008


 For Sale
Members of the Ottawa “The dramatic increase in $340,075, an increase of
Real Estate Board sold 916 sales can be explained by 9.8 per cent over Novem-
residential properties in last year’s sales being af- ber 2008. The Board cau-
November through the fected by the crisis in the tions that average sale
Board’s Multiple Listing financial markets,” said price information can be
Service® system compared Board President Rick useful in establishing
with 643 in November Snell. “The five-year aver- trends over time but should
2008, an increase of 42.5 age for November sales is not be used as an indicator
per cent. 809. Listing inventory re- that specific properties
mains at a low level and have increased or de-
Of those sales, 214 were in we are still in a seller’s creased in value. The aver- Riceville-$449,900
the condominium property market,” he added. age sale price is calculated
class, while 702 were in based on the total dollar
the residential property The average sale price of volume of all properties
class. The condominium residential properties, in- sold.
property class includes any cluding condominiums,
Call me today if you are looking to sell!

property, regardless of sold in November in the Source OREB


style (i.e. detached, semi- Ottawa area was $313,370,
ore
d etached, ap artment, an increase of 7.4 per cent
l l f or m
stacked etc.) which is reg- over November 2008. The Ca ils!
istered as a condominium, average sale price for a deta 7732 Casselman-$243,900
-
889
as well as properties which condominium-class prop- 613-
are co-operatives, life erty was $225,767, an in-
leases and timeshares. The crease of 1.7 per cent over
residential property class November 2008. The aver-
includes all other residen- age sale price of a residen-
tial properties. tial-class property was

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over 13 years, is now and homebuyers in-
available for formed on the move, the Source CREA

Embrun-$324,900

Peggy Kelly
Mortgage Agent

Direct: 613.627.1065 Direct: 613.889.7732


Office: 613.228.3888 x1065 Office: 613.837.0011
peggy@capitalmortgages.com roch@rochstgeorges.com
www.capitalmortgages.com www.RochStGeorges.com

Not intended to solicit properties currently listed for sale 5945 Jeanne D’Arc Blvd. Ottawa, Ontario K1C 2N1
Hiring a Contractor
What to do first  Your name and address. Ensuring that all contracted work con-
forms to zoning bylaws.
 Write a description of the work you  Contractor’s name, address, tele-
want done, with as much detail as phone and GST numbers. Ensuring adequate working space and
possible. freedom of movement for workers,
 Detailed description of the work, and use of utilities.
 Check with your municipal building plans (or sketches) and a detailed
department to ensure that the work specification of the materials (type, Ensuring prompt payment according
can be done and if zoning approval quality, model) to be used. to the requirements of the law and the
or any special permits are required. holdback and payment schedule.
 The right to retain a lien holdback
Find a contractor as specified in provincial law. All that being said, if you need a
good contractor for all your renova-
 Ask friends and neighbours for rec-  A clause stating that work will con- tion needs, give me a call and I will
ommendations. form to the requirements of all ap- refer you to a company that com-
plicable codes, such as building, pany does work for me. I am so im-
 Get names from your family mem-
safety and fire codes. pressed with the work, I have no
bers, friends, local homebuilder and
renovator associations, building sup- hesitation telling others.
 Start and completion dates.
ply outlets and, in some municipali- Happy Holidays!
ties, your local building department.  The price and payment schedule
(keep in mind the lien and seasonal
 Ask contractors for their business holdbacks). Think Kelly @
license number and check with the Verico Capital Mortgages for
local licensing office and the firm’s  Agreement on who (homeowner or all your Mortgage needs!
insurance company for public liabil- contractor) is responsible for all
necessary permits, licenses, inspec- 613.627.1065
ity and property damage insurance
and workers’ compensation. tions and certificates.

 Ask for references from past cus- Contractor’s responsibilities in-


tomers. clude:

 Check with the Better Business Bu-  Public liability insurance.


reau for complaints against the con-
 Property damage insurance.
tractor.
 Identifying any necessary permits
Establishing the cost: getting esti-
and ensuring all legal requirements
mates or proposals
are satisfied.
 Number of estimates or proposals:
 Workers’ compensation for all em-
__1 __2 __3 Do you have: ployees of the contractor or sub-
 A complete description of the work contractors.
to be done by the selected contrac-
 All work carried out under the con-
tor? tractor, including work done by
 Samples and literature showing dif- subcontractors.
ferent products that could be used?  Removal of construction debris
 Depending on the size of the project, when the job is finished.
plans or sketches and specifications
 Warranties on all contractor sup-
of the work to be completed? plied work and materials (in addi-
The contract should contain tion to manufacturer’s warranties)
for a period of at least one year.
 Correct and complete address of the
property where the work will be Homeowner’s responsibilities in- Visit my website at
done. clude: www.rochstgeorges.com or
call me for more details
613.889.7732

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