Xing Real Estate

  Hi lovely people of Ottawa, It is now time for my spring newsletter to you. Reminders In this unusually warm March and April, while it’s certainly delightful for us Ottawans, it also means that some of the typical May maintenance tasks need attention now. From clearing leaves and landscaping to cleaning eavestroughs, trimming trees, and checking backup generators (if you have one). It’ll be interesting to see if we get another weird spring weather like 2023. In my neighbourhood of Kanata North, we’re seeing an unprecedented number of new development proposals. I participated in an information session for one project very close to my area, and you can find the recordings here: 1104 Halton Terrace (youtube.com) . City building is unfolding in real-time here in Kanata North, with projects like 555 March & 788 March shaping our community’s future. Here are some potential rebates that you can apply from City of Ottawa managed programs: Rain Ready Ottawa offers residents in priorit...

  Ottawa Real Estate Insider Feb 2024 Hi lovely people of Ottawa, Hope you are enjoying this warm winter and your resolutions still stand. February is when a lot of Asian communities celebrate their lunar new year, so happy new year to those who celebrate! This year will be the year of Dragon and the lunar new year falls on Saturday, February 10. Reminders Ottawa’s Vacant Unit Tax is due on March 21, 2024 . You can read more about this declaration here: ( Vacant Unit Tax | City of Ottawa ). All homeowners in Ottawa are required to fill this declaration, if you have any questions, I am here for you. As we move gradually into the spring, you may want to check your sump pump system (if you have one in your basement) to see if it works. Although typically in Ottawa we should not use sump pumps before April, with the warmer weather your pump may be up and running sooner than you think. Please make sure that your pumps are working, and if you have a backup battery system, that it can ho...

  Ottawa Real Estate Insider Jan 2024 Hi lovely people of Ottawa, Wishing you a great kickoff to 2024! My new year resolutions are to stay healthy, and enjoy life as much as I can, even if it is a pickle 😊if you haven’t already, please follow me on different social media (IG: Xing Gao (@xingrealestate) ) and check my progress on my new year resolutions! Let me know your new year resolutions via email/call or even over a coffee. Reminders Ottawa homeowners should have received your notice to file for the Vacant Unit Tax by now. If not, please visit this page for guidance on filing ( Vacant Unit Tax | City of Ottawa ). The deadline for filing is March 21, 2024. As the warmer part of the winter draws close and normal temperature kicks in, you may want to pay extra attention to your heating equipment, especially high-efficiency natural gas furnaces. Not only do you need to regularly change your filters, but you also have to check for snow/ice buildup for the exhaust pipes of your syst...

  Ottawa Real Estate Insider Dec 2023 As December unfolds its magic once more, it's that time of the year that grants us the opportunity to unwind, cherish moments with loved ones, reflect on the year gone by, and eagerly anticipate the one ahead. Make the most of this festive season, and may you have a joyous and rejuvenating holiday break. Market Update The latest Ottawa residential real estate market update has been released. Highlights 1. By the Numbers – Prices: - The average price of homes sold in November 2023 was $633,138, making a slight decrease of 0.8% from November 2022. The year-to-date average price was $669,536, a decline of 5.7% from 11 months of 2022. - The total dollar value of home sales in November 2023 was $458.4 million, a 2.4% decrease from the same month in 2022. 2. Performance in Colder Months: The market is meeting expected performance levels during the colder months, and a surge in new and active listings is introducing more choices. Although the increase...