Real eState
A look inside the most expensive homes for sale in Ottawa
CTVNewsOttawa.ca looks at the 10 most expensive homes for sale in Ottawa this summer.
The 60-acre waterfront estate along the Ottawa River in Ottawa’s west end is on the market for $15 million.
A look inside a home located on a 60-acre property on Sixth Line Road in Ottawa. (Christie’s International Real Estate/website)
“Reminiscent of an old-world European estate property, this superb home is on a scale unlike any to have to the market in Ottawa,” says the listing on Christie’s International Real Estate.
“The property boasts 1,000 feet (+/-) of frontage along The Ottawa River, bordered by a seawall. The property has been developed for lifestyle living and enjoys equestrian facilities, a lighted tennis court, a floating boat dock, two swimming pools – one indoor and one outdoor – as well as superlative views, both from the grounds and the house.”
In addition to the main house, there is a three-bedroom guesthouse, a guest cottage with a loft, a beach house, a barn and two workshops.
“This superb property is completely unparalleled in its scope, views, manicured acreage and proximity to the shops and restaurants of Kanata. It is simply one of a kind: a rare masterpiece offering a superb lifestyle.”
A look at the indoor pool at a home on Sixth Line Road in Ottawa. The $15 million estate is on 60-acres along the waterfront. (Christie’s International Real Estate/website)
“This is one of Ottawa’s most significant waterfront properties,” says the listing on Christie’s International Real Estate.
The five-bedroom, five full-bathroom home with 117 feet of waterfront along the Ottawa River on Grandview Road in Ottawa’s west end is for sale at $7 million.
A home along the Ottawa River for sale at $7 million. (Christie’s International Real Estate/website)
“Its location is rare in that it is minutes from both Kanata and Downtown Ottawa, yet enjoys a serene waterfront setting,” the listing says.
“Both the exterior and interior of this custom-built home, designed by architect Chuck Wheeler, have been meticulously manicured to curate a sophisticated and inviting living experience.”
The home includes a saltwater pool set into a sophisticated stone terrace, a covered hot tub and the basement includes a recreation room and exercise room.
A look inside the five-bedroom, five full bath home for sale on Grandview Road in Ottawa. (Christie’s International Real Estate/website)
This three bedroom, three-bathroom home overlooking Dow’s Lake in central Ottawa is on the market for $5.950 million.
The capital’s most expensive house for sale is the landmark home fronting Dow’s Lake at 55 Old Sunset Boulevard. Ottawa, ON. Dec 19, 2020. (Tyler Fleming / CTV News)
“While the Rideau Canal is a triumph where heritage, leisure, and iconic status are concerned, nearby communities like the Glebe and Little Italy get accolades as being the best neighbourhoods for a village vibe, chic restaurants and shopping. Bauhaus architectural design embraces epic sunsets over Dow’s Lake,” says the listing on Realtor.ca
The home includes “honed concrete floors that are heated throughout,” a wood-burning fireplace, floor to ceiling windows, two wood-burning ovens and a third level terrace.
“Heated driveway and walkway, private outdoor space and terraces overlooking Dow’s Lake.”
A look at the view from a house for sale on Old Sunset Boulevard overlooking Dow’s Lake. (Realtor.ca/website)
This family home in Ottawa’s Rockcliffe neighbourhood features six bedrooms, four full bathrooms and two partial baths.
This six-bedroom, four bathroom home in Rockcliffe Park is on the market for $5 million. It includes a private saltwater pool. (Christie’s International Real Estate/website)
“Situated on a rare corner lot on a non-through street, the property’s unique topography ensures it sits high on the street, allowing for a walkout lower level that accesses a private, gated garden, motorcourt and fenced-in pool area,” says the listing on Christie’s International Real Estate.
“This home benefits from privacy from neighbours and offers majestic mature treed vistas that are enjoyed throughout the property.”
The lot is 16,228 sq. ft., with a saltwater pool and “bright living spaces that emphasize indoor/outdoor living.”
The home has a large mudroom with heated floors, an “amazing laundry room”, several fireplaces and a media room/home theatre.
A look inside the kitchen of a home for sale on Acacia Avenue in Rockcliffe Park. (Christie’s International Real Estate/website)
This five-bedroom, six-bathroom home is on the market in the Old Village of Rockcliffe for $4.699 million.
A five-bedroom, six bathroom home on Thorold Road is listed at $4.699 million. The home includes a wine cellar, rec room and access to a huge balcony from the primary suite. (Realtor.ca/website)
“The property boasts fabulous curb appeal, a frontage of 119.4 ft. & a depth of 144.8 ft. It is surrounded by treed backyards & situated on a low-density block, allowing for private living,” says the listing on Realtor.ca.
The home includes a wine cellar, a rec room and a granite kitchen with stainless steel appliances.
“This incredible home is great for multi-generational living & is in a stellar Rockcliffe Park location. Live among the trees!”
A look inside a home for sale on Thorold Road in Rockcliffe. The home includes a wine cellar, rec. room and lots of storage. (Realtor.ca/website)
This four bedroom, six-bathroom home in Ottawa’s Glebe neighbourhood is for sale at $4.3 million.
This five-bedroom, five full bathroom home on the Glebe is for sale for $4.3 million. (Realtor.ca/website)
“Situated on a gorgeous 5,149 sq. ft. lot with southern exposure, this sensational 2009-built home was designed to be sympathetic with the Glebe aesthetic while also offering on trend design & light-filled, spacious rooms with high ceilings,” says the listing on Realtor.ca.
“The kitchen opens to the dining room & phenomenal great room w/ gas fireplace. Both the great room & screened-in porch access the back deck. The 2nd floor has 4 spacious bedrooms.”
The home includes a bedroom in the basement with another kitchen.
This home for sale on Second Avenue includes a kitchen opening to the dining room and a great room with a fireplace. (Realtor.ca/website)
This four-bedroom, four-bathroom home on a 25-acre property in Dunrobin is for sale at $4 million.
This home for sale on Torwood Drive in Dunrobin is located on a 25-acre property. (Christie’s International Real Estate/website)
“This well-admired property is set amongst beautiful mature trees and has tremendous curb appeal. The all stone exterior is gorgeous and the home enjoys private treed views throughout,” says the listing on Christie’s International Real Estate.
“The elegant living and dining rooms offer large picture windows overlooking the beautiful treed exterior. The living room has a beautiful gas fireplace. The spacious dining room is very special.”
The home includes a large unfinished basement and a triple garage.
A look inside one of the rooms of a home for sale on Torwood Drive in Dunrobin. The home is for sale at $ million. (Christie’s International Real Estate/website)
This five-bedroom, six-bathroom home in Ottawa’s Rockcliffe Park is on the market for $3.998 million.
This five-bedroom, six bathroom home on Coltrin Road is on the market for $3.998 million. (Realtor.ca/website)
“Discover a turn-of-the-century home steeped in this historic & prestigious community,” says the listing on Realtor.ca.
“Stunning interiors that feature marble, hardwood, & classic design are a nod to a grand home, while chic updates make it 21st-century ready.”
The home includes a five-star kitchen, private backyard with tiered terrace and floor-to-ceiling windows and patio doors.
A look inside a home for sale on Coltrin Road, which includes five bedrooms and six bathrooms, a five-star kitchen and a private backyard with a tiered terrace. (Realtor.ca/website)
This four-bedroom, five-bathroom home in Manotick’s Rideau Forest neighbourhood is listed for $3.988 million.
This four-bedroom home on Queenscourt Crescent in Rideau Forest includes an in-ground pool with a fountain. (Realtor.ca/website)
“Upon arriving, you’re greeted with tremendous curb appeal, mature trees & well-maintained front gardens,” says the listing on Realtor.ca.
“A 2-storey front door with rod iron detail makes for a great first impression while entering the home.”
The home includes a grand living room with two stories of windows, wood-burning fireplace, chef’s kitchen and an expansive primary bedroom with a balcony overlooking the backyard.
The basement comes with a bar, cigar lounge, wine cellar, a large rec. area and a gym. There is also an in-ground pool in the backyard.
A look inside this four-bedroom, five-bathroom home for sale in Ottawa’s Rideau Forest neighbourhood. (Realtor.ca/website)
This four-bedroom, five-bathroom home in Ottawa’s Rothwell Heights neighbourhood is for sale at $3.748 million.
This home on Rebecca Crescent is on the market for $3.748 million. (Realtor.ca/website)
“This stunning estate home is a showcase with over 3,000 sq. ft. and is designed for today’s active family in mind,” says the listing on Realtor.ca.
“The main level consists of a contemporary floor plan with the centerpiece being the custom floating stair case. Floor to Ceiling privacy tinted windows, 30 Foot Vaulted Ceilings and a bespoke kitchen which offers the highest of quality materials.”
The home includes a glass-enclosed observatory and glass-encased mezzanine on the upper level.
The home for sale on Rebecca Crescent includes four-bedrooms, five-bathrooms and a glass-enclosed observatory. (Realtor.ca/website)
![728x90x4](https://i.ibb.co/ZTzkrwT/728x90x4.jpg)
Real eState
Canada’s Best Cities for Renters in 2024: A Comprehensive Analysis
![](https://canadanewsmedia.ca/wp-content/uploads/2020/04/070319-condo-rent-renter-lease-landlord-tenant-apartment-adobestock_170625592.jpeg;w=1200;h=800;mode=crop)
In the quest to find cities where renters can enjoy the best of all worlds, a recent study analyzed 24 metrics across three key categories—Housing & Economy, Quality of Life, and Community. The study ranked the 100 largest cities in Canada to determine which ones offer the most to their renters.
Here are the top 10 cities that emerged as the best for renters in 2024:
St. John’s, NL
St. John’s, Newfoundland and Labrador, stand out as the top city for renters in Canada for 2024. Known for its vibrant cultural scene, stunning natural beauty, and welcoming community, St. John’s offers an exceptional quality of life. The city boasts affordable housing, a robust economy, and low unemployment rates, making it an attractive option for those seeking a balanced and enriching living experience. Its rich history, picturesque harbour, and dynamic arts scene further enhance its appeal, ensuring that renters can enjoy both comfort and excitement in this charming coastal city.
Sherbrooke, QC
Sherbrooke, Quebec, emerges as a leading city for renters in Canada for 2024, offering a blend of affordability and quality of life. Nestled in the heart of the Eastern Townships, Sherbrooke is known for its picturesque landscapes, vibrant cultural scene, and strong community spirit. The city provides affordable rental options, low living costs, and a thriving local economy, making it an ideal destination for those seeking both comfort and economic stability. With its rich history, numerous parks, and dynamic arts and education sectors, Sherbrooke presents an inviting environment for renters looking for a well-rounded lifestyle.
Québec City, QC
Québec City, the capital of Quebec, stands out as a premier destination for renters in Canada for 2024. Known for its rich history, stunning architecture, and vibrant cultural heritage, this city offers an exceptional quality of life. Renters benefit from affordable housing, excellent public services, and a robust economy. The city’s charming streets, historic sites, and diverse culinary scene provide a unique living experience. With top-notch education institutions, numerous parks, and a strong sense of community, Québec City is an ideal choice for those seeking a dynamic and fulfilling lifestyle.
Trois-Rivières, QC
Trois-Rivières, nestled between Montreal and Quebec City, emerges as a top choice for renters in Canada. This historic city, known for its picturesque riverside views and rich cultural scene, offers an appealing blend of affordability and quality of life. Renters in Trois-Rivières enjoy reasonable housing costs, a low unemployment rate, and a vibrant community atmosphere. The city’s well-preserved historic sites, bustling arts community, and excellent educational institutions make it an attractive destination for those seeking a balanced and enriching lifestyle.
Saguenay, QC
Saguenay, located in the stunning Saguenay–Lac-Saint-Jean region of Quebec, is a prime destination for renters seeking affordable living amidst breathtaking natural beauty. Known for its picturesque fjords and vibrant cultural scene, Saguenay offers residents a high quality of life with lower housing costs compared to major urban centers. The city boasts a strong sense of community, excellent recreational opportunities, and a growing economy. For those looking to combine affordability with a rich cultural and natural environment, Saguenay stands out as an ideal choice.
Granby, QC
Fredericton, NB
Saint John, NB
Saint John, New Brunswick’s largest city, is a coastal gem known for its stunning waterfront and rich heritage. Nestled on the Bay of Fundy, it offers renters an affordable cost of living with a unique blend of historic architecture and modern conveniences. The city’s vibrant uptown area is bustling with shops, restaurants, and cultural attractions, while its scenic parks and outdoor spaces provide ample opportunities for recreation. Saint John’s strong sense of community and economic growth make it an inviting place for those looking to enjoy both urban and natural beauty.
Saint-Hyacinthe, QC
Saint-Hyacinthe, located in the Montérégie region of Quebec, is a vibrant city known for its strong agricultural roots and innovative spirit. Often referred to as the “Agricultural Technopolis,” it is home to numerous research centers and educational institutions. Renters in Saint-Hyacinthe benefit from a high quality of life with access to excellent local amenities, including parks, cultural events, and a thriving local food scene. The city’s affordable housing and close-knit community atmosphere make it an attractive option for those seeking a balanced and enriching lifestyle.
Lévis, QC
Lévis, located on the southern shore of the St. Lawrence River across from Quebec City, offers a unique blend of historical charm and modern conveniences. Known for its picturesque views and well-preserved heritage sites, Lévis is a city where history meets contemporary living. Residents enjoy a high quality of life with excellent public services, green spaces, and cultural activities. The city’s affordable housing options and strong sense of community make it a desirable place for renters looking for both tranquility and easy access to urban amenities.
This category looked at factors such as average rent, housing costs, rental availability, and unemployment rates. Québec stood out with 10 cities ranking at the top, demonstrating strong economic stability and affordable housing options, which are critical for renters looking for cost-effective living conditions.
Québec again led the pack in this category, with five cities in the top 10. Ontario followed closely with three cities. British Columbia excelled in walkability, with four cities achieving the highest walk scores, while Caledon topped the list for its extensive green spaces. These factors contribute significantly to the overall quality of life, making these cities attractive for renters.
Victoria, BC, emerged as the leader in this category due to its rich array of restaurants, museums, and educational institutions, offering a vibrant community life. St. John’s, NL, and Vancouver, BC, also ranked highly. Québec City, QC, and Lévis, QC, scored the highest in life satisfaction, reflecting a strong sense of community and well-being. Additionally, Saskatoon, SK, and Oshawa, ON, were noted for having residents with lower stress levels.
For a comprehensive view of the rankings and detailed interactive visuals, you can visit the full study by Point2Homes.
While no city can provide a perfect living experience for every renter, the cities highlighted in this study come remarkably close by excelling in key areas such as housing affordability, quality of life, and community engagement. These findings offer valuable insights for renters seeking the best places to live in Canada in 2024.
Real eState
Former B.C. Realtor has licence cancelled, $130K in penalties for role in mortgage fraud
![](https://www.cp24.com/content/dam/cp24/en/images/2023/8/3/real--estate--1-6504999-1720916454631.jpg)
The provincial regulator responsible for policing B.C.’s real estate industry has ordered a former Realtor to pay $130,000 and cancelled her licence after determining that she committed a variety of professional misconduct.
Rashin Rohani surrendered her licence in December 2023, but the BC Financial Services Authority’s chief hearing officer Andrew Pendray determined that it should nevertheless be cancelled as a signal to other licensees that “repetitive participation in deceptive schemes” will result in “significant” punishment.
He also ordered her to pay a $40,000 administrative penalty and $90,000 in enforcement expenses. Pendray explained his rationale for the penalties in a sanctions decision issued on May 17. The decision was published on the BCFSA website Wednesday.
Rohani’s misconduct occurred over a period of several years, and came in two distinct flavours, according to the decision.
Pendray found she had submitted mortgage applications for five different properties that she either owned or was purchasing, providing falsified income information on each one.
Each of these applications was submitted using a person referred to in the decision as “Individual 1” as a mortgage broker. Individual 1 was not a registered mortgage broker and – by the later applications – Rohani either knew or ought to have known this was the case, according to the decision.
All of that constituted “conduct unbecoming” under B.C.’s Real Estate Services Act, Pendray concluded.
Separately, Rohani also referred six clients to Individual 1 when she knew or ought to have known he wasn’t a registered mortgage broker, and she received or anticipated receiving a referral fee from Individual 1 for doing so, according to the decision. Rohani did not disclose this financial interest in the referrals to her clients.
Pendray found all of that to constitute professional misconduct under the act.
‘Deceptive’ scheme
The penalties the chief hearing officer chose to impose for this behaviour were less severe than those sought by the BCFSA in the case, but more significant than those Rohani argued she should face.
Rohani submitted that the appropriate penalty for her conduct would be a six-month licence suspension or a $15,000 discipline penalty, plus $20,000 in enforcement expenses.
For its part, the BCFSA asked Pendray to cancel Rohani’s licence and impose a $100,000 discipline penalty plus more than $116,000 in enforcement expenses.
Pendray’s ultimate decision to cancel the licence and impose penalties and expenses totalling $130,000 reflected his assessment of the severity of Rohani’s misconduct.
Unlike other cases referenced by the parties in their submissions, Rohani’s misconduct was not limited to a single transaction involving falsified documents or a series of such transactions during a brief period of time, according to the decision.
“Rather, in this case Ms. Rohani repetitively, over the course of a number of years, elected to personally participate in a deceptive mortgage application scheme for her own benefit, and subsequently, arranged for her clients to participate in the same deceptive mortgage application scheme,” the decision reads.
Pendray further noted that, although Rohani had been licensed for “a significant period of time,” she had only completed a small handful of transactions, according to records from her brokerage.
There were just six transactions on which her brokerage recorded earnings for her between December 2015 and February 2020, according to the decision. Of those six, four were transactions that were found to have involved misconduct or conduct unbecoming.
“In sum, Ms. Rohani’s minimal participation in the real estate industry as a licensee has, for the majority of that minimal participation, involved her engaging in conduct unbecoming involving deceptive practices and professional misconduct,” the decision reads.
According to the decision, Rohani must pay the $40,000 discipline penalty within 90 days of the date it was issued.
![728x90x4](https://i.ibb.co/ZTzkrwT/728x90x4.jpg)
Real eState
Should you wait to buy or sell your home?
![](https://www.ctvnews.ca/content/dam/ctvnews/en/images/2024/7/9/housing-in-canada-1-6957572-1720568810042.jpg)
The Bank of Canada is expected to announce its key interest rate decision in less than two weeks. Last month, the bank lowered its key interest rate to 4.7 per cent, marking its first rate cut since March 2020.
CTV Morning Live asked Jason Pilon, broker of Record Pilon Group, whether now is the right time to buy or sell your home.
When it comes to the next interest rate announcement, Pilon says the bank might either lower it further, or just keep it as is.
“The best case scenario we’re seeing is obviously a quarter point. I think more just because of the job numbers that just came out, I think more people are just leading on the fact that they probably just gonna do it in September,” he said. “Either way, what we saw in June, didn’t make a big difference.”
Here are the pros of buying/ selling now:
Pilon suggests locking in the rate right now, if you don’t want to take a risk with interest rates going up in the future.
He says the environment is more predictable right now, noting that the home values are transparent, which is one of the benefits for home sellers.
“Do you want to risk looking at what that looks like down the road? Or do you want to have the comfort in knowing what your house is worth right now?” Pilon said.
And when it comes to buyers, he notes, the competition is not so fierce right now, noting that there are options to choose from.
“You’re in the driver seat right now,” he said while noting the benefits for buyers.
Here are the cons of buying/ selling now:
He says one of the cons would be locking in the rate right now, then seeing a rate cut in the future.
The competition could potentially become fierce, if the bank decides to cut the rate further more, he explained.
He notes that if that happens, the housing crisis will become even worse, as Canada is still dealing with low housing inventory.
An increase in competition would increase the prices of houses, he adds.
Selling or buying too quickly isn’t the best practice, he notes, suggesting that you should take your time and put some thought into it.
Despite all the pros and cons, Pilon says, real estate remains a good investment.
According to the latest Royal LePage House Price Survey for the second quarter of this year, the average home price in Canada is $824,300. That’s up 1.9 per cent from the same time last year, and up 1.5 per cent from the first quarter of 2024.
In the Ottawa Housing Market Report for June 2024, the average price of a home was up 2.4 per cent from this time last year to $686,535, but down 0.6 per cent from May 2024.
Experts believe many potential buyers are still hesitant of jumping into the housing market and waiting for another interest rate cut of 50 to 100 basis points.
“I don’t think it’s going to be the rush that we see in the past, because people are used to more of a conservative approach right now,” said Curtis Fillier, president of the Ottawa Real Estate Board. “I think there’s still a bit of a hold back, but I definitely do think with another rate cut, we’ll probably see a very positive fall market.”
With files from CTV News Ottawa’s Kimberly Fowler
![728x90x4](https://i.ibb.co/ZTzkrwT/728x90x4.jpg)
-
News22 hours ago
Notre Dame suspends men’s swim team for one year after review finds NCAA gambling violations
-
Business21 hours ago
Job Search Success Is More Likely With a Consultative Mindset
-
News20 hours ago
The Call for Change: Time Celebrities Get off the Money Train and Achieve for Their People
-
News20 hours ago
SIU investigates after 19-year-old killed, another hurt in Innisfil police shooting
-
News22 hours ago
Whitecaps FC Girls down Alianza in CONCACAF W Champions Cup playoff in El Salvador
-
News10 hours ago
Toronto man who fled to El Salvador charged with murder in wife’s 2004 death
-
News11 hours ago
Statistics Canada says manufacturing sales down 2.1% in June at $69.6B
-
News8 hours ago
Appeal Court upholds Jacob Hoggard sexual assault conviction