Ever wonder which renovations add the most value to your property? The Appraisal Institute of Canada defines 3 ways to measure the return that renovations provide. 1 - the value of increasing the selling price of your property. 2 - the value of enjoying the renovated space. 3 - the value of maintaining the worth of your property. Determining why you want to renovate is the first question you should ask yourself. Is the primary goal to increase the properties value? Or, are
March resale market springs into action Members of the Ottawa Real Estate Board sold 1,166 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,200 in March 2015, a decrease of 2.8 per cent. The five-year average for March sales is 1,220. “We are definitely seeing a resale market increase from the previous month, with 256 more properties sold in March over February,” says President of the Ottawa Real Estate Board, Shane Silva.