What You Need to Know About Townhomes in Orleans, Ontario

Buying a home is an exciting milestone. But if you’re buying a home in Orleans, Ontario, you may be wondering: Should I buy a freehold or condo townhome? To make the best decision for your family, it helps to understand the differences between these two types of housing. Additionally, if you are considering buying a condo townhome, you need to know what the condos fees are or a HOA fee is and what it covers. Let’s take a look at the differences between freehold and condo townhomes as well as what an HOA fee is.
Freehold vs Condo Townhomes
First, let’s discuss the differences between freehold and condo townhomes. A freehold townhome is one that is owned outright by the homeowner. This means that the owner has complete control over any changes that they want to make to their property as well as any decisions about how it will be maintained or managed. On the other hand, a condo townhome is owned by multiple people who form an association called the Condo Association. Each homeowner has partial ownership of all common areas of the property such as hallways, courtyards and playgrounds which are maintained by members of the condo.
What Is An HOA Fee?
The main difference between owning a freehold or a condo townhome is that when you own a condo townhome there are additional fees associated with living in this type of community and these fees are typically referred to as Homeowners Association (HOA) or Condo Fees. These fees cover expenses such as maintenance costs for common areas like hallways and courtyards, pools, tennis courts, additional visitor parking, landscaping expenses for lawns and flower beds, snow removal services during winter months, etc. The amount of money that each homeowner pays depends on their share of ownership in the common areas plus any additional amenities offered by their particular Condo Association.
Specific to Orleans, Ontario
The newer neighbourhoods, such as Mer Bleu, Avalon, Nottinghill and Cardinal Creek typically offer freehold townhomes. These are great starter homes for first time home buyers, downsizers, or for someone upgrading from a terrace home or condo. A yard might or might not be included depending on the type of townhome. Older neighbourhoods such as Queenswood heights, Convent Glen, Chatelaine Village offer condo townhomes which the barrier of entry, purchase price, is significantly lower than a freehold townhome, but they include condo fees. There is less maintenance of your property, as the condos are normally responsible for the exterior of your home, but special assessments and levies can sometimes arise.
There are a few pockets in Orleans, that offer HOA townhomes, which are on private streets, and the owner is only responsible for paying a fee for snow removal and landscaping, which is much lower than your standard condo fee.
When deciding whether to buy a freehold or condo townhome in Orleans Ontario it’s important that you have all necessary information at hand so that you can make an informed decision about which option works best for your family’s needs. Understanding what a condo fee covers makes it much easier to decide if buying into one of these communities is right for you since they do come with additional costs associated with them compared to purchasing a regular freehold townhome. Ultimately both options offer unique advantages depending on your individual situation so take some time to research both before making your final decision!
Reach out to Marc-Andre to find out more information and to answer any questions that you might have regarding these types of townhomes in Orleans.
How Bank of Canada’s Interest Rate Hike Affects Me?


Bank of Canada Interest Rate Hikes in 2022
Just in, the Bank of Canada (BoC) raised their key interest rate from 4.25% to 4.50%. This increase in rates can affect mortgages especially variable mortgages and the amount of borrowing power people have when applying for a loan. However, it’s important to know that many lenders are still offering great rates despite the hike. Let’s take a closer look at how this affects potential borrowers.
Mortgage Payments Increase
The BoC’s decision to raise interest rates means that mortgage payments will become more expensive for people with variable-rate mortgages or lines of credit. For those who are on a fixed-rate mortgage, however, the effect may not be felt right away as they have already locked in their rate and payment schedule. They will see the effects once their mortgage renewals come up.
Reduced Borrowing Power
When applying for a loan or mortgage, lenders typically consider your debt-to-income ratio. This is calculated by dividing your total debt payments by your gross income over a 12-month period and multiplying it by 100; if it exceeds 40%, you may be seen as too much of a risk and have difficulty being approved for certain loans or mortgages. With higher monthly payments due to an increased interest rate, this can affect your borrowing power since you’re paying more towards debt each month than before the rate hike.
Great Rates Still Available
Despite the recent increase in the BoC’s key interest rate, many lenders are still offering great rates on loans and mortgages, especially on a locked in 5 year mortgage—which could help offset some of those expensive mortgage payments. Before deciding on a lender or loan package, make sure to shop around so you can find one that works best for you; if you see an offer that looks too good to be true, check out its fine print so you don’t get hit with any fees down the line! Also try and negotiate your rate as much as possible.
The Bank of Canada’s decision to raise their key interest rate has had an impact on mortgages across the country—variable-rate mortgages and lines of credit will likely experience higher monthly payments due to an increased interest rate while potential borrowers may find themselves with reduced borrowing power. However, there is some good news: many lenders are still offering great rates on 5 year fixed loans and mortgages so make sure to shop around for one that fits your budget! Contact me if you’re looking to Buy, Sell or Rent in Orleans or surrounding regions.
A Look Back on the Real Estate Market in Orleans Ontario – Statistics and Trends to Watch

As a homeowner in Orleans, Ontario, it is important to be aware of changes and trends taking place in the local real estate market. Looking back at how the market has changed from year to year can give insight into future trends that might impact your home-related investments. In this blog post, we will examine some key statistics from recent years surrounding Orleans’ real estate landscape – so you can make better-informed decisions about any potential investments or sales you may consider in the near future!

Sales in Orleans Ontario in 2021

Sales in Orleans Ontario in 2022
As we look back on 2022 and compare it to 2021 we can see some key insights. As these snapshots show, home prices for almost all types of homes in Orleans, have increased in 2022.
Towards the end of the year we have noticed some key performance indicators that indicate a significant trend in the market. For instance, days on market for homes have increased from 7-14 days, all the way up to 47 days in December, which is the similar days on market that we had in 2018. Consequently it is taking longer to sell homes. A balance market days on market is anywhere between 60-90 days on market. Another indicator is that there is more inventory and less sales volume. Months of inventory have increased from 0.5 during the first half of 2022, to end around 2.5.
The previous two years have been very turbulent in Orleans with price increases as we have never seen before. I anticipate that 2023 will be a more balanced market, but with the caveat that well priced turnkey ready homes will still be sought after and competitive, whereas homes that are dated and need work, and or tenanted homes will take significantly longer to sell. With the increase in inventory Buyers will have a better opportunity to make an informed purchase and have some choice in which property they will want to purchase. Sellers will have to be increasingly patient and willing to negotiate with Buyers. It is more important than ever to have a qualified real estate agent to help navigate, educate and negotiate on your behalf. Feel free to reach out to me, with any questions.
Also if you would like more detailed information about the Ottawa statistics, feel free to reach out for a full guide.
Choosing a Neighbourhood in Orleans

When it comes to choosing a neighbourhood in Orleans Ontario to move into, there are a lot of factors to consider. Older parts of the city are known for their charming character and unique architecture, with large lots that give plenty of space for outdoor activities or gardening. Most of these types of homes can be found in Queenswood Heights, Convent Glen and Chapel Hill North. However, newer suburbs tend to be more developed, with smaller lots and less green space. These neighborhoods can feel cookie-cutter and lack the charm of their older counterparts. These homes will be located in neighbourhoods such as Avalon, Mer Bleu and Cardinal Creek.
Ultimately, the choice between an older or newer part of Orleans will depend on what’s important to you as a homebuyer. Those looking for a quiet retreat with plenty of open space may prefer an established neighbourhood full of mature trees and winding streets, while those seeking easy access to amenities and conveniences could find more success in the suburb. Typically older homes require some updating and more work in order to make it your own, whereas newer homes do not require as much updating. Some common differences are as simple as layout, open concept in newer homes versus closed concept in older homes. So whether you’re searching for wide-open spaces or all the convenience an urban center can offer, there are plenty of options in Orleans Real Estate – you just need to find the right one for you! Use the neighbourhoods tab on my website to search all of them located in Orleans.
Contact me, Marc-Andre Perrier, Orleans Realtor, to help with your search!
Frequently Asked Questions About Townhomes

Are you considering a townhome as your next home? If so, you’re not alone! Townhomes are becoming increasingly popular across the country and especially in the hot Orleans Real Estate Market. In this blog post, we will answer some of the most frequently asked questions about townhomes. We’ll cover everything from location and affordability to features and floor plans. So whether you’re just starting your search or you’re almost ready to make an offer, read on for answers to all your questions!
One of the most commonly asked questions about townhomes is the types of ownerships, my previous blog addresses and discusses these different types of ownerships. We will address other common questions before you begin your search for a townhome, it’s important to have a realistic idea of your budget. Orleans townhomes can range widely in price depending on location, size, age, and features about the fees associated with townhome ownership, what type of maintenance is required.
Other common questions about freehold townhome ownerships are about the shared driveway, shared lot, easements, and other legalities that may arise when you purchase a townhome. It is extremely common for townhomes to have backyard easements, for neighbours to use when they need to cut their grass. Middle units normally do not have as many easements if at all any, whereas the end units typically have multiple neighbours allowed to walk through.
Another frequently asked question, is whether or not we’ll be able to hear our neighbours through the wall. Orleans townhomes are usually pretty good about sound-proofing, however, it’s still important to be aware that you might have neighbours on both sides of you. The best way to alleviate this is to have a friendly relationship with your neighbours and try to get along…
If you have any questions about Orleans townhomes, please contact me and I would be happy to help!