Building Update

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 Moon is continuing to sell, with currently 83 units now sold out of the 266 units (making the building now 31% sold out). Prices continue to rise, with the building currently averaging at $672 per sqft. The average available unit size for the building is now 696sqft. There is still a selection of units available depending on price point and size preferred. Pricing starts from $332,000 for the Titan floorplan which is 510sqft on the 5th floor.

For more information about pre-construction condos in Ottawa, fill out the form at the bottom of the page.

Claridge Royale - Sales Update

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**For more information about Claridge Royale, visit our Claridge Royale page here. Includes everything about Claridge Royale in one place, floorplans, renderings, etc.**

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Claridge had the VIP launch for their newest development, Claridge Royale, on September 14th. The lineup started at 5:30 am in anticipation for the launch at 10am. Overall the event went very well and there were 54 units sold firm. Since the launch, pricing has gone up slightly between $3-5,000 and we expect more increases as we move into fall. The building is currently averaging $664/sqft for remaining units.

There are still two units priced at $273,000 and $275,000 for 420sqft, with a few more options slightly above $300k. The majority of the Reign 1/2, Splendor, Class, and almost all of the Satin floorplans are sold out (with a few exceptions). There are still some great options depending on size and price point.

For more information on Claridge Royale or pre-construction condos in Ottawa, fill out the form below.

The Charlotte - Floor Plans and Pricing

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**For more information about The Charlotte visit The Charlotte page HERE, which has everything about the building in one place. This includes the floor plans, the pricing, renderings, etc. **

We have received a copy of the floor plans an early copy of the VIP launch price list for The Charlotte which is launching on October 19th. Richcraft Home’s newest condo building is going to be located at 560 Rideau street, in Sandy Hill.

The Charlotte Pricing

Keep in mind that we have only received the “starting from price” for each floorplan, so the actual number is higher.

Of the 62 variations/floorplans:
- The average for the building is $726.37/sqft (starting price)
- Each unit includes a storage locker at no additional cost
- Parking is $45,000 and only available on select units
- There is only one floorplan with a starting price below $300k, 389sqft Model SB on floors 4-12 starting at $285,000
- Then pricing jumps to starting from $320k for 375sqft on floors 13-14
- The average size in the entire building is 624sqft
- 16 studios which average 406sqft
- 114 one bedrooms (including 1+dens/flex) which average 533sqft
- 71 two bedrooms (including 2+dens/flex) which average 818sqft

The Charlotte Floor Plans

For all of the floorplans, visit The Charlotte page HERE, which has everything about the building in one place. This includes the floor plans, the pricing, renderings, etc.

For more information about The Charlotte condos, or pre-construction condos in Ottawa, fill out the form at the bottom of the page.

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SoBa - Two Bedroom Inventory Sale

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** For more information about SoBa Condos by Lamb Developments, visit our SoBa page HERE. Including floorplans, renderings, etc. **

Lamb Development has announced a one-day sales event to move remaining units at SoBa, its latest Ottawa development. The event is on Saturday October 19th from 12pm to 6pm at the building. The promo is set to include:

  • Up to $25,000 off developer’s prices

  • $10,000 off parking space

  • No occupancy fees until the final closing on March 1st 2020

  • Closing fees capped at $5,000

The building is located at 203 Catherine Street, just off of Bank street in Centretown. The project has some of the best prices compared to other projects that are launched or under construction, averaging at $520/sqft.

For more information on available units, or general questions about the Ottawa condo market, fill out the form below.

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Richcraft's The Charlotte - VIP Launch October 19th

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**For more information about The Charlotte by Richcraft, visit our Charlotte Page here. Including floorplans, renderings, etc. as they are released **

Richcraft has announced that the VIP launch for the Charlotte will be on October 19th. There are no other details released at this time. The Charlotte is the latest project for Richcraft who has also built some of our most well-loved buildings (The Galleria 1 and 2, The Bowery, The Laurier, Place Des Gouverneurs, etc.).

There are going to be 197 units over 14 floors, with pricing expected to start in the mid 200’s. There will be a rooftop outdoor pool with lounge, fire pit, and bbq area. Indoors you will find an amenity floor with a party room, dining room, a kitchen, bar, games room, fitness centre, yoga stretch room, etc.

To stay up to date on The Charlotte, including floor plans, pricing, etc, as it becomes available, fill out the form below.

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Ottawa Condo Market Statistics - September 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 September 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.


September was back to school and back to “work” for the buyers and sellers who decided it was time to get the fall market started. Across the board, we saw a 11.8% increase over September last year for residential properties sold. With an increase of 26.4% for condominiums properties sold (condominiums in Ottawa, Sept 2018 vs Sept 2019). That is HUGE. At the same time, the average sale price for a condominium was $309,373, which is an increase of 9% over September 2018. Year to date, prices are up 8.1% over last year.

Part of this is due overall to the fact that condo prices have restored and sellers are taking advantage of it. We have had a lack of supply which is still evident in most neighborhoods and certain property sizes, but with the residential market under an even higher level of supply issues, it has helped push buyers back into considering the condo world. As well, now with the LRT actually in place, we are seeing buyers purchasing habits shift to include walkability to an LRT station.

In addition, this has also continued to bring investors into Ottawa from outside markets. The new investor who is priced out of the Toronto condo market. The mom and dad who couldn’t find a decent rental price for their daughter going to university. We continue to see outside buyers looking at our stable market as a “safer” place to invest.

Thinking of making a move? Considering an Ottawa condo, and want to make sure it is the correct property for you? Let’s chat! Fill out the form at the bottom of the page, or call me directly at 613-286-9501.

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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 - 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.