Month: December 2019

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Ottawa REALTORS® Give $97,650 to Shelter-Related Charities

Members of the Ottawa Real Estate Board (OREB) raised $97,650 for the Ontario REALTORS Care® Foundation in 2019 and provided grants to 28 shelter-related charities in the Ottawa area. The funds were raised through the Board’s annual charity golf tournament and the “$2 per member per month” campaign.

OTTAWA – Members of the Ottawa Real Estate Board (OREB) raised $97,650 for the Ontario REALTORS Care® Foundation in 2019 and provided grants to 28 shelter-related charities in the Ottawa area. The funds were raised through the Board’s annual charity golf tournament and the “$2 per member per month” campaign.

“This year, our REALTORS Care® Committee met with representatives from A New Day Youth and Adult Services, the Ottawa Mission, and Ottawa Salus,” states Deborah Burgoyne, 2019 Chair of OREB’s REALTORS Care® Committee and Ottawa Real Estate Board’s 2020 President.

“These charities, along with the other grant recipients, assist local area residents who may not have adequate shelter along with those who may be dealing with homelessness, addiction, mental or physical illness, spousal or familial abuse, physical disability, poverty, or ageing. We truly appreciate meeting the incredible people who make a difference to our communities as well as the opportunity to give them our thanks in person.”

“Our Members donate funds monthly towards the REALTORS Care® Foundation. This is just one of the many ways they give back to the communities where they live, work and play,” acknowledges Burgoyne. “You will also find them behind the scenes at many charitable organizations donating their time and energy and giving generously of their earnings. Many of us are blessed and giving back; I believe it is our duty.”

The 2019 Ottawa-area grant recipients are:

• Ancoura
• A New Day Youth and Adult Services
• Bruce House
• Carleton Place and District Youth Centre
• Centre 454
• The Door Youth Centre
• Eastern Ottawa Resource Centre
• Habitat for Humanity Greater Ottawa
• Harmony House
• Harvest House
• Hospice Care Ottawa
• Jericho Road Christian Ministries
• Lanark Highlands Youth Centre
• Maison d’Amitié • Nelson House
• Options Bytown
• Ottawa Carleton Association for Persons with Developmental Disabilities
• Ottawa Carleton Lifeskills
• Ottawa Mission
• Ottawa Network for Education
• Ottawa Rotary Home Foundation
• Ottawa Salus
• Restoring Hope
• Roger Neilson House
• Serenity Renewal for Families
• Shepherds of Good Hope
• St. Mary’s Home
• Youth Services Bureau

 

Ottawa Real Estate Board’s 2020 President and Board of Directors

OTTAWA – On December 5, 2019, Members of the Ottawa Real Estate Board (OREB) elected a new Board of Directors for the upcoming year. The new Board will be comprised of 2020 President Deborah Burgoyne, Past President Dwight Delahunt, President-Elect Debra Wright, and Vice President Penny Torontow. Joining them are Directors Ken Dekker, Paolo Farago, Curtis Fillier, Mitch Gauzas, Tony McDermott, Andrew Ouellette, Erin Peck, Anne Scharf, and Ralph Shaw.

OTTAWA – On December 5, 2019, Members of the Ottawa Real Estate Board (OREB) elected a new Board of Directors for the upcoming year. The Ottawa Real Estate Board is the city’s largest trade association with over 3,200 sales representatives and brokers in the Ottawa area.

The new Board will be comprised of 2020 President Deborah Burgoyne, Past President Dwight Delahunt, President-Elect Debra Wright, and Vice President Penny Torontow. Joining them are Directors Ken Dekker, Paolo Farago, Curtis Fillier, Mitch Gauzas, Tony McDermott, Andrew Ouellette, Erin Peck, Anne Scharf, and Ralph Shaw.

“I am truly honoured to be chosen as President for our Membership, and it is a distinct privilege to represent this group of diligent and dedicated professionals,” states Deborah Burgoyne, President of the Ottawa Real Estate Board. “Not only do we make dreams into realities for our clients, we also work hard at campaigning for home affordability and availability for all home buyers and sellers across the province and country with our counterparts at the Ontario Real Estate Association and the Canadian Real Estate Association.”

New President, Deborah Burgoyne, has been a Member of the Ottawa Real Estate Board for over 15 years and has served on numerous task forces and committees since 2009, including the Professional Standards Committee, the MLS® & Technology Committee, the Governance Committee, and as the Chair of the REALTORS Care® Committee. Deborah was first elected to the Board of Directors in 2016 and has served as a Director for three years as well as Vice President in 2018 and President-Elect in 2019.

“I look forward to helping our Members advocate on the issues that matter to them and their clients to safeguard the sustainability of the Ottawa real estate market. Our Board’s goal is to ensure that every resident who has a desire of obtaining homeownership and every business owner who has a plan – can experience the fruition of those goals.”

2020 Ottawa Real Estate Board President, Deborah Burgoyne

Top row: Anne Scharf, Debra Wright, Curtis Fillier, Penny Torontow,
Ken Dekker, Erin Peck

Middle row: Tony McDermott, Andrew Ouellette, Mitch Gauzas,
Paolo Farago

Bottom row: Dwight Delahunt, Deborah Burgoyne, Ralph Shaw

Weather isn’t Cooling the Resale Market

Members of the Ottawa Real Estate Board sold 1,288 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,161 in November 2018, an increase of 10.9 per cent. November’s sales included 958 in the residential-property class, up 10.5 per cent from a year ago, and 330 in the condominium-property category, an increase of 12.2 per cent from November 2018. The five-year average for November unit sales is 1,133.

Members of the Ottawa Real Estate Board sold 1,288 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,161 in November 2018, an increase of 10.9 per cent. November’s sales included 958 in the residential-property class, up 10.5 per cent from a year ago, and 330 in the condominium-property category, an increase of 12.2 per cent from November 2018. The five-year average for November unit sales is 1,133.

“Even with the typical winter slowdown, Ottawa’s home resale market still experienced a relatively brisk pace in November. Our inventory is not having a chance to build as it is being absorbed as quickly as it comes on the market. That’s why there are so many sales every month even though the supply stock is low,” explains Dwight Delahunt, President of the Ottawa Real Estate Board.

November’s average sale price for a condominium-class property was $313,734, an increase of 9.8 per cent from last year while the average sale price of a residential-class property was $501,201, an increase of 16.9 per cent from a year ago. Year to date figures show an 8.9 per cent and 9.1 per cent increase in average sale prices for residential and condominiums, respectively.*

“Prices have increased, and therefore there is shortage of units available in the lower end price range of both condos and residential properties,” reports Delahunt. “That being said, the Ottawa market still remains strong and sustainable with reasonable increases in year to date average prices of 9% in both the residential and condominium property classes.”

The most active price range in the condominium market was $225,000-$349,999, accounting for 57.5 per cent of the units sold while $350,000 to $499,999 represented the most prevalent price point in the residential market, accounting for 38.8 per cent of November’s transactions. Residential properties in the $500,000 to $749,999 range increased to 32 per cent of all residential resales.

“As for the higher end of the market, we are seeing substantial increases in the number of properties sold in those price ranges as well. In the $750K-$1M range, 65 units changed hands last month compared to 24 sales last year at this time,” reveals Delahunt. “Further, the homes in the $1M+ plus range have increased to 29 sales last month from 15 sold in November 2018.”

“Year to date totals show the larger picture with a 41% increase in the $750K-$1M range from 610 to 861 unit sales, and a 30% increase in the $1M+ range from 266 to 345 transactions compared to this time last year,” he adds.

In addition to residential sales, OREB Members assisted clients with renting 2,559 properties since the beginning of the year.

* The Board 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 and conditions will vary from neighbourhood to neighbourhood.