Real eState

A look inside the most expensive homes for sale in Ottawa

Published

1 year ago

August 13, 2023

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)

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Real eState

Greater Toronto home sales jump in October after Bank of Canada rate cuts: board

Published

1 week ago

November 6, 2024

Anne Joseph

TORONTO – The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.

The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent compared with 4,611 in the same month last year. Sales were up 14 per cent from September on a seasonally adjusted basis.

The average selling price was up 1.1 per cent compared with a year earlier at $1,135,215. The composite benchmark price, meant to represent the typical home, was down 3.3 per cent year-over-year.

“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” said TRREB president Jennifer Pearce in a news release.

“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices prompted this improvement in market activity.”

The Bank of Canada has slashed its key interest rate four times since June, including a half-percentage point cut on Oct. 23. The rate now stands at 3.75 per cent, down from the high of five per cent that deterred many would-be buyers from the housing market.

New listings last month totalled 15,328, up 4.3 per cent from a year earlier.

In the City of Toronto, there were 2,509 sales last month, a 37.6 per cent jump from October 2023. Throughout the rest of the GTA, home sales rose 48.9 per cent to 4,149.

The sales uptick is encouraging, said Cameron Forbes, general manager and broker for Re/Max Realtron Realty Inc., who added the figures for October were stronger than he anticipated.

“I thought they’d be up for sure, but not necessarily that much,” said Forbes.

“Obviously, the 50 basis points was certainly a great move in the right direction. I just thought it would take more to get things going.”

He said it shows confidence in the market is returning faster than expected, especially among existing homeowners looking for a new property.

“The average consumer who’s employed and may have been able to get some increases in their wages over the last little bit to make up some ground with inflation, I think they’re confident, so they’re looking in the market.

“The conditions are nice because you’ve got a little more time, you’ve got more choice, you’ve got fewer other buyers to compete against.”

All property types saw more sales in October compared with a year ago throughout the GTA.

Townhouses led the surge with 56.8 per cent more sales, followed by detached homes at 46.6 per cent and semi-detached homes at 44 per cent. There were 33.4 per cent more condos that changed hands year-over-year.

“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” said TRREB chief market analyst Jason Mercer.

“This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price growth will accelerate, likely as we move through the spring of 2025.”

This report by The Canadian Press was first published Nov. 6, 2024.

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Homelessness: Tiny home village to open next week in Halifax suburb

Published

3 weeks ago

October 24, 2024

Anne Joseph

HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

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Here are some facts about British Columbia’s housing market

Published

4 weeks ago

October 17, 2024

Anne Joseph

Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

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