Sepehr Safaee YourOttawaRealEstate.com's blog

For entrepreneurs, this is the age-old question: Is it better to buy an existing business or is it better to build one?

According to Canada.ca, small businesses are defined as those having one to ninety-nine employees. In Canada, 97.9% of all employers are small-business owners.

House flipping is a popular investment strategy in the real estate industry. The basic principle of house flipping is to buy a property, renovate or repair some parts of it, and then sell it for a higher price. Simply, house flippers try to buy low and sell high.

If you're considering a house flip in the near future, it's important that you understand the house flipping business well.

Ottawa renters saw a double-digit increase in the cost to rent an apartment in the capital to start the new year.

The February 2023 national rent report from Rentals.ca shows the average rent in Ottawa was $2,034 last month, up 11.5 per cent from January 2022.

The average rent in Ottawa was $1,584 for a bachelor apartment, $1,928 for a one-bedroom apartment, $2,249 for a two-bedroom apartment and $2,435 for a three-bedroom apartment.

The annual rate of rent inflation in Canada remained in double digits for the eighth consecutive month in December, according to the latest rent report from Rentals.ca and Urbanation.

The average listed rent for all property types increased 12.2 per cent year-over-year to $2,005, an increase of $217 from the December 2021 average of $1,788. 

The online portal for Ottawa homeowners to declare their property status is now open as the city launches its new vacant unit tax.

All homeowners have until March 16 to declare whether all of their residential properties are occupied, even if the property is their principal residence, or face an additional 1 per cent of their property’s assessed value on their tax bill.

As there are a growing number of aged adults living independently, it’s ever important to be aware of the risks of daily living accidents such as falls and fire hazards and how to eliminate these to keep ourselves and loved ones safe. Whether a quick fix or a small renovation, the following are commonly recommended adjustments to help avoid potential risks.

Moving can be an expensive ordeal. Costs can add up fast and cause stress when money gets tight. Start preparing early. Before you begin, make a moving checklist that you can follow and adjust as needed while planning your move. Learn to move more affordably with some of these budget-conscious guidelines, even if you are going a distance.