The Corners On Main - Coming This Fall

The Corners on Main Logo ottawa
Yesterday Domicile posted this on Instagram - appears the brochures ready to go!

Yesterday Domicile posted this on Instagram - appears the brochures ready to go!

Domicile Developments posted the above photo on Instagram yesterday which suggests that The Corners On Main is coming very soon. While no official dates have been announced we do know that it will be launched in 2015 and heard a rumour it will be sometime in the fall.

Located on Main Street between Oblate and Springhurst, and designed by Roderick Lahey Architect inc. Two six storey buildings, each with 70 residential units, plus roof top terraces, and amenities plus quality that you would expect from Domicile. Expected completion date of Fall/Winter of 2017. 

Interested in learning more? Fill out the form below to contact Matt Richling about The Corners On Main.

Condo Selling - 10 Tips For Selling Your Ottawa Condo

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My top 10 tips for selling your Ottawa condo

Preparing your condo for sale should be done іn a prearranged and structured manner. Here are my top 10 ways to do so, in no particular order, as some might be more or equally important to your situation.

1: DE-CLUTTER - First and foremost. Creating the illusion of more space is a magical thing. An impression of a cluttered, messy space is certainly not. An open, inviting space is and will be more accepted than a messy, bogged down one. Put stuff away! This includes everything from remote controls, to laundry, to dishes, to movies, and video games. Also, some people think they can just toss everything into their closets as a quick fix. NOPE! If it seems like your closets are jam packed and ready to explode, the potential buyer will come up with an image of their belongings not fitting either. The main word would be purge. If you haven't worn it in a year, you don't need it. This is especially true for here in Ottawa where we have such different seasons, it helps to completely remove the off season items that are not needed. Summer shoes or winter boots, coats, hats, mits etc. This will really help free up some space!

2: DE-PERSONALIZE - Yes, everyone is impressed with your gleaming certificates plastered all over the walls, but when you're trying to sell, lose them. This goes for personal/family pictures, religious objects and so on. Potential buyers are already trying to get in the picture mindset of living there, so try and make it as easy as possible for this to occur. Someone might not like your property because of your tastes, beliefs or opinions, believe me - I have seen stranger things happen. Slowly comb through your condo and try to eliminate anything that is overly characteristic or personal.

3: AROMA - I'm sure you've read loads of articles and tips about baking cookies before an open house or showing. That is great, but do not over do it too much. Granted fresh cookies and febreeze does smell better than an avoided bathroom and four day old dishes, but we don't want the smell to be too overpowering upon entering. Remember, there are people with all kinds of allergies. Consider investing in a couple of soft tone glade plug-ins or candles. A nice, soothing, calm and continuous aroma will ease the minds of buyers and assist them in sticking around for a while.

4: FІRЅТ IMPRESSIONS - I figured I would follow aroma with this category. A great first impression is crucial in captivating a buyers interest. From a large reflective mirror, to a stunning piece of art, to a simple and open clear sight line of the view, use what you can to create a quick wow factor. This of where your eyes would shift upon entrance. Work on overselling the first impression and the buyers will be craving the full, interrupted tour. But remember, first impressions do start before actually entering the condo. Make sure your property management company is on the ball with providing a clean, inviting atmosphere.

5: STAGING - Vacant condo? If you are sitting on a vacant Ottawa condo, staging is something to think about. There is nothing more bland and unappealing than a lonely, vacant condo. Consider hiring a staging consultant to walk through the house. Remember, staging creates a lifestyle and existence that buyers crave and ultimately desire. For a fairly affordable monthly cost you could have an exquisite looking suite and really push for an offer. Staged condos do statistically sell faster than vacant suites so check out your options and use your resources. 

6: COLOR/TONES - Tone down the color. Eliminate any strong, dark, or personalized walls. You might like the bright red feature wall in the living area, but it will scare away a potential buyer. Dark colors actually squeeze the visibility out of the space and make it appear smaller. The key word is neutral. If you have to hire someone to come in and repaint the majority of your space, it will be worth it. Try a cool, modern and refreshing colour to liven up the area but consider how it will look with your accessories, art, etc. Don't go out and break the bank finding something nice that you adore, as the new buyer might have plans to paint over it again once they move in. Be resourceful yet practical.

7: AMBIANCE - Create an atmosphere that revolves around your target market. Part of our marketing is to walk through potential buyers and this will help when you are trying to style your condo. Create аn atmosphere that revolves аrоund уоur target market. Plug іn thе calming water fountain, flick оn thе fireplace and hit play on thе stereo. Remember whо уоu аrе trуіng tо sell tо thоugh. Fоr а stylish, urban condo set thе mood wіth sоmе upbeat house music. Fоr а quaint, large space utilize thе fireplace аs а relaxing focal point. Usе уоur discretion аnd channel thе energy оf thе space intelligently. Generate а fitting mood аnd еvеrуоnе will feel pleasant аnd аt hоmе whіlе viewing.

8: FOOD/TREATS - Wаnt people tо stick аrоund fоr longer? Graciously leave а snack tray оr sоmе sort оf offering fоr thе individual(s) interested іn уоur hоmе. Bottled water іs а great touch аnd а personal favorite. Тhеу mіght sее 3-5 properties thаt day, but thаt water shоuld lаst fоr а whіlе, аnd thеу will remember thаt іt wаs frоm уоu! Cookies, mints, gum, wrapped chocolate, еtс... аnуthіng аlоng thеsе lines іs а nice, thoughtful touch. Rеаllу wаnt thе wow factor? Gеt creative аnd consider sоmеthіng lіkе а catered open house!

9: SANS SMOKE/PETS - Тhіs category mау nоt apply tо еvеrуоnе, but іt іs tremendously іmроrtаnt tо сеrtаіn households. Іf уоu smoke, tаkе іt outside...and nоt lean оut thе window type оutsіdе, аll thе wау. Smoke іs sоmеthіng thаt ultimately lives іn уоur walls аnd will constantly bе lurking аrоund. Buyers definitely dо nоt wаnt thіs. Buyers wаnt tо thіnk thіs hоmе іs thеіr fresh start, nоt а second hand ashtray. Іf роssіblе, pets shоuld bе removed fоr showings аnd аlwауs fоr open houses. Аs buyers, thе lаst thing wе wаnt tо sее аrе stains оn thе carpet, pet hair, and/or а big litter box staring bасk аt us. Yоur pet іs а member оf thе family...remove thеm fоr showings аnd сеrtаіnlу clean uр аftеr thеm. Тhе main thing hеrе іs thаt уоu dо nоt wаnt а questionable issue іn thе bасk оf thе buyer's minds.

10: FENG SHUI - Аn intriguing ancient Chinese art form developed mаnу years ago. Feng Shui іs а knowledge whісh reveals hоw tо balance energies іn а space tо bring health, positivity аnd good fortune fоr thе individuals living thеrе. Тhеrе аrе nіnе quadrants thаt define dіffеrеnt areas іn уоur hоmе аnd life. Іf you're lооkіng fоr mоrе money, work оn уоur prosperity corner. Іf you're lооkіng tо improve уоur relationships thеn work оn altering thаt corner. Тhе list gоеs оn. Ву accepting Feng Shui іntо уоur life аt hоmе, уоu will create а natural flow аnd energy іntо аnу space. Еvеr hаd а good оr bad feeling uроn entering а property? Тhіs mау bе whу! Еvеn іf you're nоt selling, trу dіffеrеnt aspects оf Fung Shui іn уоur personal life...the rеsults соuld astonish you!

Thinking of making a move? I would love to help... Click on the button and lets start talking.


Written by Matt Richling

Matt is a licensed salesperson at RE/MAX Metro City Realty in Ottawa, Canada. Matt loves helping sellers and buyers find the perfect home that fits their lifestyle. 

Electronic Signatures Starting July 1st!

Electronic Signatures Starting July 1st Real Estate Ontario

Word starting circulating late last night amongst the realtor crowd across Ontario that the wait for electronic signatures is finally over! After years of being told that electronic signatures were "coming soon" by different levels of government, starting July 1st we will be able to sign The Agreement Of Purchase And Sale (the main document to sell a property) digitally. No more scanning, no more driving around at a late hour or rushing for a last minute signature, no more faxing (well that was a given), no impossible to read documents from sending back and forth. 

I have been using electronic signatures for other documents (listing agreements, price reductions, etc) but now the full transaction could be signed digitally. Almost every client who has used this, prefers it. Saving the client time, and ensures no missed signatures or initials. As the client, you can read, review, and sign the document at your pace.

Real Estate 2.0 is here!

Tribeca Sales Update

Tribeca Claridge Condo For Sale 179 Metcalfe

Claridge Homes latest development in Centretown, Tribeca, is a "world-class complex in a world-class neighbourhood"(as per the sales website). A three phase project, consisting of two highrise towers connected by the podium that also features the third phase consisting of low rise loft units. 

Phase One is located at 179 Metcalfe, and has seen occupancy of the units and is now fully registered. They are currently 95% sold and available units range from $343,00 for a 753 sqft 1bed + Den, to $463,000 for a 971 sqft 2bed unit with 95 sqft terrace. Parking is an additional $35,000 per spot. Occupancy on these units can be quite fast, however finishes and upgrades have already been chosen. 

Phase Two is located at 40 Nepean St, and is currently at around 65% sold. You should be able to find the size and price point you are looking for with the remaining supply ranging from studio's up to larger 2 bedrooms.

Tribeca Pool Ottawa Condo

Phase Three is about to be launched, but sounds pretty unique from the promotional material getting sent around.

The amenities for the project are quite exciting, featuring a full indoor salt water pool, kid splash pool, yoga studio, fitness room, private lounge, multimedia room, board room, four meeting rooms, two guest suites, concierge/security, visitor parking, Sobey's (Now Open!), and the nearly 7000sqft of landscaped terraces on the south side.

If you are interested in the Tribeca project, or would like more information on units that are currently for sale - contact Matt Richling (salesperson with RE/MAX Metro City Realty) by filling out the form below or by email Matt@MattRichling.com. 

Windmill Developments Launch of Zibi - Welcome "O" Sales and Launch Recap

Zibi Ottawa Condos For Sale

This past Saturday saw the initial launch of the first phase of Windmill's Zibi Development located around the Chaudiere Falls. The first six storey building named "O" has 66 units, ranging from a 478sqft studio, up to a 1,393 sqft three bedroom unit. The second six storey building will be called "O2"  will have 75 units. Occupancy for phase one is expected in late spring 2017. The largest factor to keep in mind is that these buildings are located on the Gatineau side of the river. Anyone who is looking to reside in the building would be subject to Quebec income tax, subject to Quebec health care, among other differences from Ontario - this is an important difference that every Ontario buyer should note. 

Zibi Launch Condos Ottawa

All in - Saturdays launch is considered a success, with a large chunk of units reserved and large amounts of visitors to the sales centre. Initial numbers point at about 41% of units were reserved on Saturday, but these are still subject to a 10-day cooling off period.

For price list, floor plans, other documentation, or just for general information - fill out the form below or contact Matt Richling (salesperson at RE/MAX Metro City Realty) directly at Matt@MattRichling.com

Zibi Kitchen Ottawa Condo
Zibi Sales launch Day

Lofts at Tribeca - Coming Soon

Tribeca Lofts Ottawa Condos

The Lofts at Tribeca, the "third" phase of the Tribeca project built by local Claridge Homes is getting ready for launch. No set launch date, but we are told, larger open, home-like units that will built into the podium that connects the Tribeca Towers (179 Metcalfe and 40 Nepean). 

Will post more information as it comes available. If you are interested or have a question about this project or living downtown - fill out the form below.

Tribeca Lofts Rendering Ottawa Condo

SOBA Condos - Construction Update

Soba Condos Logo Ottawa

Checked out the progress of the Lamb Development project, SoBA. This is how it sat since they pulled an old tank out of the ground (click for video) on April 1st. No word yet on what exactly they found or how it will impact timing and no word from Lamb on when they expect construction to officially start.

Located at 203 Catherine st. in Centretown, the 23 storey, 240 unit building was set for completion late 2016. Fill out the form below if you are looking for more information on units currently available.

**For more information about SoBa Condos, check out the dedicated section with regularly updated construction and sales information. CLICK HERE to view.**

Soba ottawa Condos Catherine

Tribeca Sobey's NOW OPEN!

Sobeys Ottawa Tribeca Condos

Centertown has just stepped up another notch with the addition of a well needed grocery store. Sobey's 2,400 square metre store has now opened in the ground floor of Claridge's Tribeca at the corner of Metcalfe street and Slater. Hours are 7am till 11pm seven days a week. There is underground visitor parking for those from outside the building (140 visitor spots in total).

Looking to live in the downtown core and have a grocery store just an elevator ride away? I would love to help you out!

Zibi by Windmill - Launching May 30th

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Just announced, Windmill's next condominium building will be launched next weekend. Highly anticipated, this launch is the first for the Chaudiere Falls multi-phase future development with a mix of residential housing types of low and high rise condominium towers and townhomes, commercial and office space, unique waterfront plazas and outdoor squares, recreational facilities, and more.

There are only 65 condo units available with pricing starting from $199,000. Starting at 10am until 4pm on the 30th of May at the "state-of-the-art" sales center at 3 Rue Eddy in Gatineau.  Windmill has come out and said they will be offering "opening-day incentives".

From the Zibi website: The Chaudière Falls have long been a gathering place where the remarkable occurs. Long before settlers arrived, First Nations gathered at the Falls, trading stories of the River, and making offerings at the Falls. In 1799, after several reconnaissance missions, Philemon Wright determined that this location was the best spot in the Ottawa Valley to settle, creating a community at this very location. ‘Big’ Jos Montferrand later made history crossing the Union Bridge, providing inspiration to hundreds of thousands. Years later E.B. (Ezra Butler) Eddy and John Rodulphus Booth both became Canada’s early entrepreneur stars, innovating and inspiring, and employing thousands.

To request an appointment or to learn more about the project contact me using the form below, or contact Windmill sales center directly.

The Bronson - Likely 70% an Apartment Building says Lamb

As quoted in last weeks Ottawa Business Journal, Brad Lamb has confirmed that "there is about a 70 per cent chance that his company, Lamb Development Corp., will either market the 19-storey, mixed-used tower as an apartment complex itself or sell it to another institutional investor, which will then reap the long-term rewards of rental income."

The article speaks about the increasing rental market across Canada - "Toronto, which has more than 20 apartment projects under way, but many housing analysts say it’s only a matter of time before things pick up here [in Ottawa]." Citing reasons such as low interest rates that make construction cheaper, a current condo market, rising rents and higher home prices, along with a lack of high quality (condo-like) rentals.

What does this mean for single investors who purchase pre-construction units to rent out?
 

Why should I use an agent to help buy my Ottawa Home or Condo?

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Anyone can purchase a home, but buying the wrong home, without proper research, knowledge and information, can be immeasurable.

With a surge of online resources and increasing for-sale-by-owner market, it is not surprising that some buyers consider a DIY attitude when looking at Ottawa condos or homes. 

For most people, a real estate professional is an indispensable partner in the home-buying process. While buyers today are more educated and have more tools, all the research in the worlds can't match an experienced agent's understanding of the market. When the market, buildings, and trends are changing on a day to day basis, you should go to someone that is kept up to date on this information. Simple information that is not going to be found online, like building issues, or past/upcoming special assessments, stigmatized properties, the list goes on.

The real estate agent is completely objective and professional when discussing their opinion of the property being considered for purchase unlike a parent, spouse or best friend. A good agent should be able to walk you through both, pro's and con's of every property.

The buyer's agent fee is typically compensated by the seller, which means that as a buyer you have nothing to loose and everything to gain by tapping the expertise of an agent. 

Are you looking for more information about using the services of Matt Richling as your buyer's agent?

SOHO Champagne - Occupancy Granted

Soho Champagne Ottawa Condo Little Italy

SOHO Champagne, the third building for Mastercraft Starwood here in Ottawa, has now started occupancy. Currently the lowest floors have access, while the majority of the building is still being completed. Currently there are units available in the building between $298k and just under $1M. The building is located at 111 Champagne ave, just between Preston and Dow's Lake.

We got a first look at these units over the weekend, and while the amenity spaces are still under construction, the unit finishes are what would be expected with the Mastercraft Starwood name. Currently the parking garage and gym are expecting to be completed by April 30th, with the grand lobby to be completed by May 30th.

View looking north from SOHO Champagne higher floor.

View looking north from SOHO Champagne higher floor.

Any questions about the SOHO brand or SOHO Champagne specific condos? I would love to chat.

Gotham Occupancy Granted

As of yesterday, Gotham Ottawa has officially granted access for the units on floors 2-14, with floors 15 and 16 delayed another week. Gotham has seen a number of occupancy delays leading up to this point. Majority of the building now has occupancy and has keys in hand. The lobby and parking are still being finished, however the concierge/security is at the lobby 24/7.

Glasshouse condo Ottawa Gotham

We are starting to see more units in the building come up for sale and for rent. Including this Glasshouse unit on the 5th floor.

For more information about Gotham or other Brad Lamb Condominiums here in Ottawa, CLICK HERE to contact Matt Richling.

SoBa Ottawa - Live Stream of Construction Progress

**For updated information about SoBa Condos, check out the dedicated section with regularly updated construction and sales information. CLICK HERE to view.**

Soba Condos Ottawa Livestream Construction

For those unable to drive by to see the progress of the construction at SoBa on Catherine Street, Jimmy Joners currently has set up a live stream of the site. 

Questions about SoBA or Lamb Development? I would love to help get you an answer.

Selling Downtown Lifestyle - Candlelight Yoga

When Do I Have To Pay The Deposit?

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Question: When do I have to pay the deposit when I am purchasing a pre-construction condo through the developer?

Every condominium project in Ottawa will have a different deposit structure, however the typical deposit required is 20% paid in four instalments.

Example based on a $350,000 purchase price:

At time of signing - $5,000 
30 days from signing - Balance up to 5% - $12,500
90 days from signing - Another 5% - $17,500
180 days from signing - Another 5% - $17,500
Occupancy - Another 5% - $17,500

Total paid is the 20% deposit which (based on $350,000 purchase price) is $70,000.

Keep in mind that every condo development is different, and the deposit structure even might change from initial launch to nearing completion. Builders typically require higher deposits at the beginning of a project, as the bank that is financing the building will have set out requirements in order to start construction. As the project gets underway, the developer typically has more room to negotiate amounts and dates, with extensions or even reducing the amounts. 

Have a question about deposits or purchasing a pre construction condo here in Ottawa? I would love to chat!

What Is The Ten Day Cooling Off Period?

pre construction cooling off period Ottawa

As per the Ontario Condominium Act, each developer has certain restrictions and rules to follow that are in place protect you, the consumer. When you buy a newly-built condo direct from the developer, you have the right to cancel the purchase within a 10 calendar day cooling-off period. This was put in place so when on launch day you get all caught up in the hype and excitement, you are still able to make sure you don't have any buyers remorse. Just remember that there is no cooling off period on re-sale condominiums.

Things to be aware of:
- The clock on the 10 day period starts from the time you receive a copy of the fully signed purchase and sale agreement OR the disclosure statement, which ever comes later.
- You also have the right to cancel a sales agreement within 10 days after any "material change" (significant change) to the disclosure statement.
- If you decide to cancel, the developer must refund any deposit plus any interest that may be payable.
- A developer is not able to terminate your purchase and sale agreement without your consent or a court order.

During the 10 day cooling off period we highly suggest that you:
- Have your lawyer to review the agreement and discuss any concerns that you might have about the purchase or the agreement. This is the time to request any changes to the agreement, not once the cooling off period is over.
- Speak to your mortgage broker and ensure you are pre-approved for the purchase. Keep in mind the closing date and get in writing that they are able to do a rate hold till your closing. Not all mortgage brokers and banks are able to do long rate holds for pre-construction condos in Ottawa.

More questions? I would love to help you find the answer! Contact Matt.

Genworth's Metropolitan Condo Outlook - Winter 2015

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Genworth and the Conference Board of Canada has released the 2015 winter edition of its apartment condominium study that looks at eight metropolitan areas, including Ottawa.

For the full report and in depth look into Ottawa and the other areas, click here.

"Although inventories remained high in 2014, Ottawa apartment building permits nearly doubled during the six months to December 2014 compared with their year-earlier levels. As a result, the new apartment condominium market is set to pick up again in 2015, with starts forecast to increase by 9.9 per cent. In fact, construction is already under way on a number of new buildings this year, including The Bowery condominiums and Claridge’s Icon condominiums in Little Italy. The Icon condominium building will be Ottawa’s tallest. But this title may not last long. A new development proposed by Richcraft Homes, also in the Little Italy neighbourhood, would see the construction of three new towers, the biggest of which would be 55 storeys tall. Starts are expected to keep rising from 2016 to 2019, growing by a forecast average of 1.2 per cent per year. Absorptions are set to decline this year and next, albeit from a 2014 record high, and then begin to rise through the next few years, helping to whittle down inventories." - taken from the report.

The Bronson - Cancelled? Sold? Rentals?!

Bronson Condos Ottawa Rental
Bronson Ottawa Condo

In a recent Globe and Mail article it was mentioned that Lamb Development has sold the "$90-million condo project... to an investor". The article implies that Brad Lamb sold the building to an investor who is turning the project into a rental building. Bronson is/was located at 196 Bronson Ave.

Digging further, Fortress Real Developments has announced that the development team submitted a revised development application for Bronson back in October for review by the city. "The 21 storey, 212 unit apartment project is currently being contemplated as a rental as opposed to a condominium." as per their website.

Stay tuned!

View the Globe and Mail article HERE. Excerpt "Even Toronto’s “condo king” Brad Lamb has turned to the rental market, recently selling a $90-million condo project called the Bronson in Ottawa to an investor. When Mr. Lamb unveiled the project in 2013, Ottawa’s condo market was booming, but it has cooled off amid a glut of new construction. “By the time we had closed on the project the market had shifted significantly,” said Ben Myers of Fortress Real Developments, which was financing the project. “A lot of projects came in on a few years and it was just too much.” - 

Gotham - Occupancy Delay

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Owners of Gotham (224 Lyon) received notification from Lamb Development this morning of another delay in firm occupancy. Owners on the lower floors were expecting the occupancy as of March 24th, but notified today that it is pushed back till April 1st (some higher floors are reporting similar delays). 

As is in the notice "Due to some unexpected and additional items identified as required for occupancy by various City Inspectors on Thursday of this week (that will take 5-10 days for the site to complete,) we are giving you a revised firm occupancy date of 1 April 2015."

Lamb Development faced two large and unfortunate set backs during construction by outside trades that have held up completion of the building. They stand by the product, with Brad Lamb saying that "Gotham will be Ottawa's finest residence."

Questions about Gotham condos in Ottawa?