Building Update

Claridge Royale - Floor Plans and Pricing Released

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**For more information about Claridge Royale, visit our Claridge Royale page here. **

Claridge has officially released the floor plans and pricing ahead of the launch for its latest project Claridge Royale. Located at 180 George Street, Claridge Royale will be launched to the public tomorrow at 12noon, with VIP clients getting access at 10am. The launch will take place at the sales centre, across the street, at 244 Rideau Street.

Some quick numbers:

- The building average is $657/sqft
- The average unit size for the building is 669sqft.
- There are 22 units that are priced below $300,000
- One storage locker included in the price with each unit
- Parking is $45,000 for one beds or larger (not available for studios)
- They are adding a rooftop patio (on the condo roof) in addition to podium roof.
- 20% deposit (15% in 30 days, 5% on occupancy)
- Occupancy September 2024.... told to expect 2025

See below for the floor plans. Pricing is available upon request. Fill out the form at the bottom of the page for more information.

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Q West - New Ashcroft Building Coming Soon

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Ashcroft is gearing up to launch another condo tower at its successful Q-West project that is located on Richmond Road near Island Park. This project is not yet named, but is expected to be launched late October 2019 and once built will be attached the the convent as seen in the photo above. While pricing and floor plans have not officially been released, we are told that pricing is to be averaged out around $650/sqft. The building is set to have 150 units, over nine floors, with the bottom floors (40 units) being executive rentals. The 9th floor, and possibly 8th floor, will be a “mini-Monocle” with premium finishes and 10ft ceilings.

Ashcroft is looking to move quick and have an occupancy of late 2021.

Claridge Plaza Phase 4 - Sales Update

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Claridge Homes has only two units left for sale at it’s Byward Market condo project Claridge Plaza. More specifically, inside of the latest building Claridge Plaza 4. Located at 195 Besserer street, the building has 232 units over 28 stories that range from 440sqft up to 1,415sqft. There are only two units left in the building, both are the Jeter floorplan which is a two bedroom plus den, two bathroom, 1280sqft unit that faces south and west. The units are priced at $577,000, including one parking and one locker. For more information about these condos, contact the Claridge Plaza 4 sales centre.

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Claridge Moon - Price Increase and Sales Update

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**For more information about Claridge Moon, visit our Claridge Moon project page HERE. All information about the project will be located here, including floorplans, renderings, construction update, news articles, pricing, etc. **

Claridge has raised the prices again for its latest project, Claridge Moon. One bedroom units saw their prices rise by $5,000.00 and two bedroom units saw prices rise by $10,000. The average price per square for for the entire building is now $657/sqft with the average unit size of 692sqft. Claridge has now sold 59 of the 266 units in the building. The 27 storey building is expecting occupancy in 2023 and will be located at 340 Queen Street directly above the Lyon LRT Station.

Interested in learning more about Claridge Moon or other pre-construction condos in Ottawa? Fill out the form below and let’s chat.

Ottawa Condo Market Statistics - August 2019

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Every month we take a closer look and drill down the sales data of Ottawa condos from the previous month. Here are the statistics for August and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 14 days.


August was another busy month for condo sales in some neighbourhoods. We saw a large increase of parents coming purchasing units for their kids who are attending University. With the average rental prices jumping in the downtown core, more parents are looking at purchasing a unit as more attractive option. This fuelled the high number of sales in Centretown and Byward Market/Sandy Hill (86 sales in total). Centretown had a significant increase in average sold price, which was due to five units selling over the one million price point. Almost every neighbourhood had more units sell than new units that were listed.

If you are buying, there are still some great deals that we are seeing. Stuff that has sat on the market and not sold in multiple offers, that could be picked up at a decent price and on your terms. However if you are looking for that premium view, extra large, A++ unit, then don’t wait - pay a little extra now because everyone wants the same unit as you. Especially if you are looking at properties that fall within the First Time Home Buyers Incentive range.

If you are selling, we are placing a high importance on getting the correct pricing and spending extra time to prepare the condo for showings. Things that show well and are priced right, do not last in this market and sell for top dollar (often with multiple offers). The fall market is now here and we are expecting a hotter fall then we experienced in 2018. Especially now with the First Time Home Buyers Incentive, which will push more buyers into the market.

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Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Claridge Royale - Updated Launch Date

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**For more information about Claridge Royale, visit our Claridge Royale page here. **

Claridge Homes has announced the new launch date for its latest project, Claridge Royale. The public launch will happen at 11am on Saturday September 14th, 2019, at the Claridge Royale Sales Office, located at 244 Rideau street (directly across from the site). Claridge Royale will be located at 245 Rideau Street, contain 250 units over 26 floors, and is set for occupancy 2023.

To stay up to date on Claridge Royale as it comes available, fill out the form at the bottom of the page.

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Claridge Icon - Sales Update

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** For more information about Claridge Icon, visit our Claridge Icon page, with all of the renderings, floorplans, detailed information, etc. CLICK HERE.**

Claridge Icon continues to move along, with the building now 62.5% sold. Only 120 units are left out of the original 320 units. Pricing did go up slightly, with the available units now averaging at $602.47/sqft (was $595.76/sqft in July 2019). Lowest price in the building is $343,000 which would get you either a Redford (625sqft) on the 6th floor, or a Gable (610sqft) on the 10th floor. The average size of an available unit in the building is 742sqft.

Keep in mind that these prices include a storage locker, which is included with each unit. Parking is $40,000 per spot. Current occupancy date is set for November 2020.

Ottawa Condo Market Statistics - July 2019

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Each month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for July and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

July is typically a slower month in Ottawa real estate, with everyone heading off to the cottage and enjoying the weather. Especially after a long, cold, winter like we just had! However, for most area’s the trend of low supply / seller’s market, kept it’s pace. Every neighbour hood (with the exception of Hintonburg), saw 99% list price to sale price ratio’s, and an average price over $400,000! Centretown saw the most action with 54 new listings and 46 sales. With Westboro dominating average sold price, shortest days on market, and a high list to sold price ratio, you are in a great position if you are thinking to sell. Overall, I would expect this trend to continue or let off slightly in August as we typically see, and then start picking back up in September as there are fewer cottage days, and a more normal focus on normal life.

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Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Claridge District - Now Only Rental Units

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Claridge announced last night via Instagram that Claridge District will now contain only rental units. Originally, Claridge had planned to launch three downtown condo projects this year (Moon, Royale, and District). Claridge Moon launched earlier this summer, and Claridge Royale is now planned to launch in the fall. Claridge District would have been located at Metcalfe and Nepean which is across the street of Tribeca towers, and consisted of two 27 floor towers, one for rental units, and one for condominiums. Based on the demand for rental housing, Claridge has decided to continue with both towers as rentals. This was a rumour that we had heard earlier this year, and part of the reason it was set to be the last project launched.

Ottawa Condo Market Statistics - June 2019

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Each month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for June and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Wow, things keep getting hotter and hotter in the Ottawa condo market. The average selling price, days on market, list to sold price, - all keep getting more intense.

Sellers: While things are doing well for you, we are still seeing properties that don’t sell above asking, and are taking quite a while to sell. It is not as much of a sellers market as one would think. Pricing and how a unit is shown, is more important than ever. I am seeing condos listed both over and under market value (by lack of experience), and seeing condos priced correctly while also zero effort put into preparing for showings. If you had looked at selling over the last few years, but decided to put a tenant inside instead, this might be the time to review the market and data.

Buyers: Patience, preparation, and persistence. Be patient - supply is low right now and the best units will come on the market (maybe not in your price point anymore, but they will list, I promise). This isn’t a crazy sellers market. You have to be able to say no if the unit isn’t what you are looking for. Preparation - Get that mortgage pre-approval now. Know your numbers and what exactly you can afford. Being able to walk into the offer process with shorter timelines will make you stand out and give you more confidence with your offer. Persistence - Again, there is a supply shortage. The best units will come on the market, will just need to wait it out. We are also seeing more and more multiple offer scenarios, which means that you have a larger chance of loosing out if you don’t act quickly or are not prepared. If you do loose out, don’t give up!

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Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Claridge Moon - Choosing Units + Views

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**For more information about Claridge Moon, visit our Claridge Moon project page HERE. All information about the project will be located here, including floorplans, renderings, construction update, news articles, pricing, etc. **

Pre-construction condo buying can be very exciting but also intimidating. You are trying to choose the best unit, with the best view, with out spending over your budget. Last thing you want to do is to purchase a unit, thinking that the view is going to be unobstructed to move in and find out that you are facing another building.

We have gone through all the leg work to track down heights and make things easier for you.

The Building

The building is one of three in the development. The condo building is 27 floors, located at the north east corner of the lot. The rental building will be 27 floors, located at the south west corner of the lot. The podium block will be three floors, and then the third tower will be nine floors and located the at the south east corner of the lot.

North Facing

Directly to the north of the condo building is a 13 floor building plus mechanical rooms on the roof (located across the street). To clear this building you would need to be roughly on the 14th floor, or 15th floor to be safe. There is no planned development that would affect the north facing view. The north facing units would be Hydra, Ariel, Luna, Equinox, and the Atlas floorplans (North west corner).

North facing view from the 19th-20th floor (58 meters).

North facing view from the 25th floor (73 meters).

South Facing

Directly south of the condo will be the nine floor tower (plus possible mechanical units). Further from the building (across the street) you are currently looking at a parking lot. They owner has applied to use the lot as a parking lot for the next three years. Previously Brocolini had started moving forward on a mixed use project, and then most recently a hotel and rental building that would consist of two towers both 27 floors.

To have the best unobstructed views facing south you would want to be located on the 10th or 11th floor and above. South facing units would include the Titan, Elara, Calypso (1,2,3), Vesta (South west corner), and the Portia floor plans (South east corner).

South facing view from the 15th floor (44 meters).

South facing view from the 25th floor (73 meters).

West Facing

Directly west of the project is a 14 floor building, however the rental building as part of this project will also be located to the south west of the condo tower. In order to have the best views, you would want to be on the 15th or 16th floor. West facing floor plans would include the Atlas (North West) and the Vesta (South West).

West facing view from the 20th floor (58 meters).

West facing view from the 25th floor (73 meters).

East Facing

Directly to the east of the building is a 25 floor building (plus roof structures), which is located across the street. East facing floor plans would include the Callisto and the Portia (south east).

Trying to sort out the best unit that is within your budget? We can chat about your goals and help you find the best fit. Fill out the form below and let’s chat more.

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Claridge Moon - Sales Update

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**For more information about Claridge Moon, visit our Claridge Moon project page HERE. All information about the project will be located here, including floorplans, renderings, construction update, news articles, pricing, etc. **

Claridge launched its latest project called Claridge Moon which will be located at the corner of Queen and Lyon street. The project will consist of 266 units over 27 stories. As of today, Claridge has sold firm 33 units with another 10 units currently held reserved for signing. Pricing has not yet increased, yet we are told to expect an increase soon.


Richcraft's The Charlotte - Launch Update

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Richcraft has provided a soft update for when to expect the launch of their next project, The Charlotte, which will be located in Sandy Hill at 560 Rideau Street. They don’t have an exact date yet, however expect the project to launch later this fall. The building (currently as per plans) consists of 212 units inside the 14 stories, with pricing advertised to start from the mid $200’s. Richcraft says it will be “Stylishly crafted with a modern outlook and cutting edge amenities and finishes, The Charlotte will be Ottawa’s premier condominium residence.”

Echo Canal - Uniform Developments - Launching June 22

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**For more information about ECHO Canal by Uniform, visit the ECHO Canal page here**

Uniform Developments has quietly announced the launch for it’s highly anticipated boutique building called ECHO. Uniform will be accepting only 27 appointments on a first-come, first-served basis, which will begin on Saturday June 22nd, 2019 at the sales center.

ECHO will be located at 115 Echo Drive, with 32 units over 6 stories. Launch pricing ranges from $846,000 up to $2.968M with units ranging from 920sqft up to 2,461sqft. The units will feature high end finishes with custom kitchens featuring custom millwork, Miele kitchen appliances, large format gas fireplaces with stone mantels, etc. The building is mostly made up of two bedroom units, with only one 1 bedroom. (one 1bed +den, two 2bed, 26 2bed +den, three 2bed +den penthouses).

For more information about ECHO, including floorplans, pricing, or questions about pre-construction condominiums in Ottawa, fill out the form at the bottom of the page.

The Bowery - Sales Update

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“O7” Floorplan at The Bowery

The Bowery has only 20 units remaining including four model suites, that are available for purchase. There are 246 suites (250 if you include the two guests suites, sales office, and the superintendents unit) in the building in total. Pricing beings at $276,000 for the S5 model, a 493sqft studio. The largest unit that is currently available is the F4 model which is a one bedroom plus flex, 686sqft, for $381,000. All units include four European stainless steel appliances, washer and dryer in-unit, quartz counters, and hardwood flooring throughout the unit - all standard.

**For more information about the Bowery, visit our Bowery page located HERE.**

For more information about new condos located in downtown Ottawa, or for help to decide which unit is the best fit for you, fill out the form at the bottom of the page!

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Claridge Royale - Launch Postponed

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Claridge had originally announced a public launch date for its latest building, Claridge Royale, of Saturday June 15th. Claridge has now announced that they have postponed the launch until this fall.

**For more information about Claridge Royale, visit the Claridge Royale page here.**

Ottawa Condo Market Statistics - May 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for May and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Centretown has been a very hot month for condo sales. Over last month (April 2019) we saw the average sold price has increased, along with the number of sold units, the days on market has dropped in almost half, plus the list to sell price has tightened up, all signalling that demand for Centretown has increased, while the supply (up until this month) had not. However we have seen the supply (new listings) increase from 58 in April 2019, to 79 in May 2019. While that is not a significant number, it should certainly help buyers who are trying to get into the area. Overall it is still a very strong sellers market.

Over last month (April 2019), Byward Market and Sandy Hill, continues to improve slightly, with over $22k average selling price increase, and an extra 1.2% list to sold price (99.5% vs 98.3% in April 2019). Number of units sold, number of new listings, and days on market improves only slightly. Overall, this shows the improvement over last year. The Byward Market and Sandy Hill are still a balanced market or slightly leaning towards a sellers market.

Little Italy is still a difficult area to breakdown with such few sold units - take these numbers even more with a grain of salt. While there was very little change over last month (okay, yes average sold price increased by 18k) the one exception was the days on market jumped to 60, which was more in line with what we were seeing in 2018. We are still seeing fewer listings on the market, which is helping to keep the list to sold price at a very tight 99%. With such little supply in Little Italy, the hot properties will sell quick and for a very strong price.

Same as Little Italy, these Hintonburg condo stats need to be taken with a grain of salt due to the low volume of sold units. We are starting to see the days on market rise, along with the amount of new listings to match what we saw last year at this time. However in perspective to other neighbourhoods in Ottawa, the days on market is still quite low, and with a higher list to sold price it is still clear that it is a sellers market in Hintonburg. If we saw more supply hitting the market, then we might see things balancing out in more favour for a buyer.

The Westboro condo market has continued to improve with only four new condos adding to the supply. The days on market is the lowest in the city, with the highest list to sold price (tied with Byward Market and Sandy Hill). This is certainly a sellers market and we will need a large number of new listings to help balance it out.

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Claridge Royale - Launch Date Announced

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Claridge has announced the date for Claridge Royale, the second of the three developments that the builder is set to launch this year. The public launch will happen at 11 am on Saturday June 15th, at at the Claridge Royale Sales Office (244 Rideau Street). Claridge Royale will be located at 245 Rideau Street, where the Metro is currently located.

Claridge Royale is set for occupancy in 2023 with a total of 250 units.

For more information about Claridge Royale, visit the Claridge Royale page here.

Claridge Moon - VIP Launch Update

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**For more information about Claridge Moon, visit our Claridge Moon project page HERE. All information about the project will be located here, including floorplans, renderings, construction update, news articles, pricing, etc. **

Yesterday, Claridge held its first launch for it’s newest building, Claridge Moon. The turn out was very good with a constant line around the building. Unconfirmed number of units that have been reserved is 54 units or just over 20% of the building already reserved, after the first inital launch. The public launch begins tomorrow at 12pm at the sales centre, and we are expecting prices to rise slightly.

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In terms of pricing, the building average is $648sqft with lowest being $575sqft up to $900sqft. If you don’t include the penthouse units (floors 26 and 27) the largest unit is 910sqft, and the smallest being 465sqft. Putting the average size of the building at 667sqft (not including the PH’s). Lowest priced unit is the $300,000 Titan floor plan, which is 510sqft. Previous to that was the Telesto floor plan (which is now reserved) of 465sqft for $272,000. Note that all units including a storage locker at no extra charge.

The penthouse units, which are located on floors 26 and 27, range in price from $448,000 and $464,000 (Vesta floor plan 640sqft), to $946,000 (Moonlight floor plan 1160sqft), and up to $1,635,000 (the Pandora floor plan 1890sqft).

There is no question that the excitement for this project is high - proximity to the LRT, and a Sobey’s in the ground floor podium.

Few more details:

- Condo fee’s are approximately $0.62/sqft
- Parking is $45,000 per spot ($77.74/month condo fee)
- Occupancy of September 1st 2023
- 25% Total Deposit ($20k to reserve, 10% (less the 20K) at signing, 5% 30 days from signing, 5% at excavation, 5% at interim occupancy)

Questions about pre-construction condos in Ottawa? Trying to decide on the best project for your goals? Let’s chat. Fill out the form below!

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Ottawa Condo Market Statistics - April 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for April 2019 and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.