In 2010 - This week's million dollar home opportunities in Ottawa.
There are currently around 118 homes and 7 condos in the million plus price range in Ottawa as of September 8th, 2010.  Want to get a glimpse - click on the links below.  (Note you must be logged in to view the links)
 

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Ottawa's Luxury Home Market is Growing
Over the past few years the Ottawa Real Estate Market has seen an increase in the number of homes and condos that sell for a million and up.  Used to be that only happened in Rockcliffe, but now we're finding homes of this calibre in at various locations throughout the city.

ONTARIO EXPANDS LAND TRANSFER TAX REFUND PROGRAM 
First-time buyers of resale homes to benefit from new tax measure 
The McGuinty government is giving all first-time homebuyers a break on land transfer tax by proposing to expand the Land Transfer Tax Refund Program to include purchases of resale homes, Finance Minister Dwight Duncan announced today.
"Expanding this Land Transfer Tax refund is an important part of our government's commitment to helping Ontarians buying their first home," Duncan said.
Effective midnight tonight, first-time buyers of resale homes, as well as newly constructed homes, would be eligible for a refund from the provincial government of up to $2,000 of the Land Transfer Tax paid.
The expanded Land Transfer Tax Refund Program for First-time Homebuyers is part of a package of new tax initiatives announced in the 2007 Fall Economic Outlook and Fiscal Review that would provide $1.4 billion in provincial tax relief for business and people over three years.
The government is making strategic investments in people, communities and infrastructure to strengthen Ontario's economic advantage and help manufacturers and other sectors challenged by current economic conditions.
For more information details please visit: http://www.rev.gov.on.ca/english/notices/ltt/0207.html 

Rarely available - 1452 Square Feet (per builders plans) of Luxury loft-style living in downtown Ottawa - just 417,900- Sold in just 5 days for more than asking price!  In the heart of Centretown Ottawa, this great loft-style condo offers 2 large bedrooms plus a den/office.  1452 square feet per builders plans.

Understated Elegance abounds in this beautifully customized home in one of Ottawa's most prestigious new neighbourhoods - StoneBridge Estates! - 36 Oakbriar Cres.

Ottawa's Top High Schools - 2007 Fraser Report Ratings - Choosing a good location for your home often entails locating near the best schools.  How do you find out where they are?  That's not an easy process but the 2007 Fraser Institute report is out and has made an attempt at rating the high schools across Ontario including Ottawa.  Note that some private schools do not provide data so may not be rated and note reports in the articles that Ontario doesn't collect as much relevant data as do some of the other provinces.

Here are some of the highlights of the report as well as links to the full reports.

Future Real Estate prices in Ottawa? Not Boom or Doom but Much Ado About Nothing says the CIBC researchers: Canadian House Prices Not Based on Demographics Alone April 18th, 2007 - The CIBC Canadian Real Estate Report is predicting that Housing prices will double in the coming 20 years!  It generated much press last week.  In Ottawa that would mean that in April 2027 the average sale price for a property would be $548,000!   In other words housing prices will increase 5% a year!  CIBC really went out on a limb on this prediction!!!  The Ottawa MLS® average sale price has increased an average 4.5% per year in the previous 20 years so a 5% prediction is a safe bet!  Of interest, the report debunks the boom and bust theorists who have predicted a demographic influenced bust in housing prices between 2011 and 2015. 

One of Ottawa's best kept secrets for the ultimate in retirement or resort-style living lies just 10 minutes from Ottawa's vibrant downtown - Sold!  This superb gated community with 24 hour security offers facilities and a lifestyle unmatched anywhere else in the city. 

24 hour Secure Gated Community

For your info here is the results of the Survey of Canadian House prices for the 4th quarter of 2004.  Click on the document to load. 

Remaining objective can be a difficult task when viewing an open house. It is easy to fall in love with a home''s appearance, blind to problems that may make it unsuitable. While aesthetics can be an important consideration, it is necessary to look beyond window-dressing. A qualified home inspector should be hired before purchasing a home, but there are areas that consumers can examine on their own. This will shorten your list of potential homes and reduce the likelihood that a home inspector will reject it as unsafe or unsuitable.