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.
Understanding the Pros and Cons of Single Detached Homes in Orleans, Ontario.

Are you considering buying a single detached home in the east end suburb of Ottawa, Orleans? Whether you’re looking for an old or new construction, 3 bedrooms or 4 bedrooms, it’s important to know all the pros and cons that come with owning a single detached home. This blog post will help potential buyers understand what to expect when purchasing this type of residence.
Pros of Single Detached Homes
One of the main advantages of owning a single detached home is privacy. Since your property is not attached to any other homes, you don’t have to worry about sharing walls with your neighbors. This also means that you won’t get as much sound coming in from outside since there are no common walls. You can also enjoy more outdoor space since detached homes usually come with yards and gardens. And if you’re looking for additional peace of mind, most single detached homes are owned outright by their owners, so there’s no need to worry about shared services like those found in condos and townhomes. In Orleans, there are multiple different types of single family homes, such as two-storey detached, bungalows and split levels.
In the older neighbourhoods, such as Convent Glen, Queenswood Heights and Chapel Hill you will find large lots for most single detached homes. Whereas in the newer neighbourhoods, such as Chapel Hill South and Avalon with the new builders, the lots will be significantly smaller and may lack any backyard space other than a bbq and little patio.
Another benefit to owning a single detached home is design flexibility. With a detached home, you have more freedom when it comes to customization and renovation options compared to attached dwellings such as condos and townhomes. You can make changes both inside and out as long as they meet local zoning ordinances. Single family homes in Orleans offer plenty of possibilities when it comes to renovations. Older dated homes can typically offer a blank slate for a new Buyer or contractor looking for a flip. A lot of homes in Orleans also have swimming pools which is a consideration when purchasing a single family home.
Cons of Single Detached Homes
The biggest con associated with owning a single-family home is the cost. Not only will you have to pay for the purchase price of the house itself but also for any renovations or upgrades you want to do down the line (provided they meet local regulations). Additionally, since these types of homes are not part of a HOA or community association, homeowners will be solely responsible for all maintenance costs such as lawn care and repairs on roofs or other areas around the house. These expenses can add up quickly over time so it’s important for potential buyers to consider these costs before making an offer on a single-family property. Other considerations in older neighbourhoods in Orleans include, whether or not the garages are attached or detached from the home.
You should also keep in mind that finding builders who specialize in constructing single family residences can be difficult depending on where in Orleans you’re looking for one – especially if your budget isn’t too high – so do your research beforehand! Orleans is still growing and there are many future developments planned by multiple different builders, such as Minto, EQ, Mattamy, Richcraft, Caivan, Ashcroft and more.
Purchasing a single detached home in Orleans has its benefits and drawbacks; however, understanding what goes into owning one ahead of time can help make sure that potential buyers know what they’re getting into before they make their decision! Keep privacy, design flexibility, cost considerations, and builders availability in mind when making this big decision – this knowledge will go a long way towards helping make sure that your experience is positive! Make sure to contact me, Marc-Andre Perrier with Century 21 Action Power Team, to help you navigate all the different options when it comes to purchasing a single detached home 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.
Where is the Ottawa Real Estate Market Heading?


Ottawa Real Estate
The Ottawa real estate market is a constantly evolving and complex system. Many people are asking questions about the current state of the market and what it means for them. In this blog post, we will take a look at some of the most common questions that we are being asked right now. We will also provide our expert opinion on what to expect in the coming months. If you are thinking about selling your home, or if you are curious about how the market is affecting buyers, then this post is for you!
What are we currently experiencing in the market? The last 6-8 weeks have seen a cooling off of sales. As per the Ottawa Real Estate Board, sales were down 23% in April as compared to last year. Although prices do remain high. We are seeing an increase in months of inventory and days on market for properties. Some contributors to this are the surge in the Bank of Canada’s key interest rates, the new federal mortgage rules that came into effect, the implementation of a two-year foreign ban, and some uncertainty around the economy.
The Bank of Canada has already increased the key interest rates multiple times and forecasting additional interest rate increases in the next few months to temper inflation. The considerable issue with this is that Buyers, still have to qualify with the mortgage stress test, therefore 2% higher than the current market borrowing rate. For example, if the rate is 4%, Buyers have to qualify at 6%, which significantly reduces their borrowing power.
What happens next? Will there be a recession, a correction, or even a bubble?
Unfortunately, all signs point towards at least a market correction. A market correction is defined as a reduction in the value of an asset or assets, usually real estate and stocks, to more accurately reflect the true worth of those assets. This can happen for several reasons, but typically it is due to an over-valuation of those assets.
In the current market, we have seen over-valued Real Estate prices, that have continued to increase at an unsustainable rate. Another factor is that inventory is still low, but we are seeing in Ottawa an increase in months of inventory and days on market. We are seeing key interest rates continue to rise, which reduces borrowing power for Buyers. Further, all levels of Government are doing everything in their power to make housing more affordable and to increase inventory.
It is important to remember that these are just a few of the many factors that can affect the real estate market. When making any decisions about buying or selling, it is important to consult with a professional Real Estate Agent who can help you understand these factors and will ultimately impact your specific situation.
If you have any questions about the Ottawa real estate market please contact Marc-Andre Perrier, with Century 21 Action Power Team!
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!
Importance of a Budget when Buying a Home

When it comes to buying a home, having a solid real estate budget is crucial. In Orleans, homes typically sell for over $400,000 and we’re seeing more and more selling over $1,000,000. Therefore it is extremely important to set expectations and have taken the necessary budgeting steps prior to starting your search. This involves getting pre-approved by your lender, understanding your mortgage options, and knowing what your home will sell for prior to making an offer. In addition, it’s important to be aware of all the different types of closing costs in Ontario and how they can affect your purchase. And finally, if you’re thinking about taking out an insured mortgage or a non-insured mortgage, and also whether to go with a fixed mortgage versus a variable mortgage it’s important to understand the differences between these types of financing. Appraisals are also overlooked by a lot of Buyers which can be pivotal to any purchase. Overall, real estate is an extremely complex field that requires careful planning and attention to detail at every step of the process. So if you’re considering making an investment in property, do your research and work closely with an experienced Real Estate agent who can guide you every step of the way.
Please contact Marc-Andre Perrier, Orleans Real Estate Agent with Century 21 Action Power Team to help guide you through this complex process.