Imagine waking up each morning to breathtaking 270-degree panoramic views of the iconic Thousand Islands and the majestic St. Lawrence River. This exquisite 2-bedroom, 2-bathroom penthouse condominium is your opportunity to embrace a lifestyle of luxury, tranquility, and boundless nautical freedom.

Step inside and be welcomed by soaring ceilings and expansive window walls that flood the open-concept living space with natural light. From the marina to the wide-open river beyond, every angle offers postcard-perfect vistas that transform your home into a serene retreat.

Designed with boaters in mind, this exclusive residence comes complete with a private boat slip, giving you direct access to unforgettable adventures. Cruise eastward towards the Atlantic Ocean or navigate north through the historic Rideau lock system from Kingston to Ottawa. With endless boating possibilities at your doorstep, each day becomes a new journey waiting to unfold.

Entertain family and friends on your private wraparound patio, where you can savour river breezes while preparing dinner on the built-in gas BBQ. Inside, refined finishes elevate every moment – from the cozy gas fireplace and built-in speakers to electric blinds and designer lighting that create a perfect ambiance, day or night.

The chef’s kitchen is a showstopper, featuring high-end appliances, sleek designer cabinetry, and a striking waterfall island that invites gatherings and gourmet creations. Additional features include two storage lockers – one of the largest on the floor – and a dedicated parking space for complete convenience.

This is more than a residence; it’s your front-row seat to waterfront luxury in the heart of the Thousand Islands, where boating, relaxation, and spectacular natural beauty become your everyday reality.

🔑 Ready to experience the Thousand Islands lifestyle for yourself?

Contact us today to schedule your private viewing of this unmatched penthouse condo and start living your dream on the water.

There’s something truly blissful about packing up the car and leaving the city behind as you drive along the 1000 Islands Parkway, knowing your waterfront cottage is waiting for you. Imagine arriving in under 1.5 hours from Ottawa, skipping the hassle of ferry rides or long journeys, and stepping directly into your peaceful retreat along the iconic St. Lawrence River.

This fabulous year-round cottage isn’t just a getaway – it’s a lifestyle. Located only 5 minutes from Gananoque and surrounded by highly rated golf courses, scenic bike trails, and endless recreation opportunities, this property offers the perfect blend of relaxation and adventure.

Inside, the main level welcomes you with three spacious bedrooms and a full 4-piece bathroom, ensuring comfort for family and guests alike. The fully finished lower level adds remarkable functionality with a second bathroom, fitness area, and a games room complete with a pool table – perfect for cozy nights in or entertaining loved ones.

Step outside to discover an outdoor oasis thoughtfully designed for effortless enjoyment:

• Double electric jet ski lift for easy water access

• Durable composite decking for low-maintenance living

• Spacious 20' x 10' deck off the dining area, ideal for morning coffees or evening cocktails

• Stamped concrete patio (16' x 15') for dining under the stars

• Waterfront landing (12' x 14') with an adjacent 12' x 12' deck offering unobstructed river views

• Hot tub with privacy screen for ultimate relaxation

• Ample paved parking to accommodate all your family and guests

• New storage shed for your seasonal equipment and recreational gear

• Serene 18' x 6' front deck to greet each sunrise in peace

Whether you’re seeking a quiet retreat to unwind or a four-season cottage to host unforgettable family gatherings, this waterfront property is ready to deliver.

Don’t let another summer slip by without securing your dream cottage.

📞 Call today to schedule your private showing and experience the beauty and lifestyle this St. Lawrence River waterfront cottage has to offer.

🌊 Live Above the Water: Discover This Stunning Luxury Waterfront Condo in Gananoque

Imagine waking up each morning to 270-degree panoramic views of the majestic St. Lawrence River. This is more than a condo – it’s your personal sky home, weekend retreat, and entertainer’s dream all in one.

Welcome to this gorgeous 2-bedroom, 2-bathroom corner residence offering an extraordinary blend of elegance and carefree waterfront living in the charming town of Gananoque, Ontario – less than 1.5 hours from Ottawa.

What Makes This Waterfront Home Truly Exceptional?

✅ Breathtaking 270° Views – South, West, and North exposures fill your living space with endless natural beauty, sunrise to sunset.
✅ Exclusive 44’ Boat Slip – Your large private slip on a secure dock awaits your boat for summer adventures.
✅ Spacious & Elegant Living – Open-concept layout with wide plank hardwood floors, custom lighting, and motorized smart blinds for ultimate comfort.
✅ Gourmet Kitchen & Spa Bathrooms – Cook, entertain, and unwind in luxurious, extensively updated spaces.
✅ Wrap-Around Patio & Deck – Perfect for morning coffees, afternoon lounging, or sunset dinners over the river.
✅ 2 Large Parking Spaces & Storage – Ample room for vehicles, gear, and seasonal belongings.
✅ Dual Control Zones – Individual comfort settings in each part of your home.
✅ Ideal Location – Walk to local cafes, shops, and marinas in Gananoque, while having direct access to the Thousand Islands playground.

Whether you’re searching for a serene sanctuary to recharge or a luxury space to entertain family and friends, this waterfront condo offers the best of both worlds. Wake up to the tranquil sound of the water and end each day watching spectacular river sunsets from your private wrap-around terrace.

✨ Don’t just imagine this lifestyle – live it.

Contact me today to schedule your private showing and experience the elegance, views, and waterfront living you truly deserve.

On May 27, 2025, the Government of Canada introduced a new GST rebate that could put up to $50,000 in tax relief on the purchase of a newly built home, and it’s available for agreements signed on or after May 27, 2025. 

If you're planning to make a move, this incentive may significantly reduce your upfront costs and expand your options in today’s market.  

Key highlights of the First-Time Home Buyers’ GST Rebate: 

• Full GST rebate for homes priced up to $1 million 

• Partial rebate for homes between $1 million and $1.5 million 

• Applies to new builds, owner-built homes, and co-op units 

• Available to Canadian citizens or permanent residents who haven’t owned or lived in a home owned by their spouse/common-law partner in the past four years 

This is a significant update, especially in markets where new home prices often exceed the previous rebate threshold of $450,000.  

Curious whether you qualify or what homes might be eligible? 

I’d be happy to walk you through the criteria, show you qualifying properties, and help you take full advantage of this new opportunity. 

 Please reach out today. I look forward to assisting you.

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 809 units in February 2025. This represented a 10.2%decline from February 2024.

Home sales were 19.1% below the five-year average and 15.4% below the 10-year average for the month of February.

"Ottawa's sales activity moderated while prices held steady," says OREB's President. "Despite increased inventory, market uncertainty continues to influence buyer and seller decisions. Some sellers who had previously delayed listing are now entering the market, contributing to more options for buyers. While demand remains strong in certain price segments, the pace of sales varies, making strategic pricing and preparation key for sellers."

"The Bank of Canada's influence on borrowing power, ongoing economic factors like tariffs, and the potential impact of upcoming elections are also shaping buyer and seller sentiment," adds OREB's President. "As we approach the spring market, we anticipate increased buyer activity, particularly if interest rates trend downward and confidence continues to build."

The benchmark price for single-family homes was $719,800, up 1.3% year-over-year uptick in February. By comparison, the benchmark price for a townhouse/row unit was $438,000,a decline of 11.6% from 2024. The benchmark apartment price was $459,300, a 4.5%gain from the previous year. The average price of homes sold in February 2025 was $669,945, a 1.4% improvement from February 2024.

Call Today for Real Estate Advice & Information!

This morning, I attended a call with Shaun Cathcart, Senior Economist and Director of Housing Data and Market Analysis at CREA, who provided an insightful update and analysis on the current housing market. Mr. Cathcart addressed potential market impacts stemming from the newly implemented tariffs, in a thorough Q&A session. 

We are currently navigating a period of heightened uncertainty, influenced by a complex interplay of economic factors. Potential scenarios include recessionary periods with varying levels of inflationary pressure, with the most concerning being a recession coupled with high inflation. In the coming months we will have a better understanding of which scenario will take hold and thus how it will impact the real estate market in the short term. But as of now, the February stats which will be released by CREA within a week show a deceleration in the Canadian real estate market. 

Despite this deceleration, it is important to maintain perspective and recognize the resilience of the Canadian real estate market. Historically, the sector has successfully adapted to numerous challenges, including: 

• 1997: Introduction of the Harmonized Sales Tax (HST) 

• 2003: Severe Acute Respiratory Syndrome (SARS) outbreak 

• 2007-2008: Global Financial Crisis 

• 2008: Implementation of the Land Transfer Tax 

• 2011: Competition Bureau scrutiny 

• 2020: COVID-19 pandemic 

• 2023: Introduction of the Foreign Buyer Ban 

• 2024: Implementation of the Luxury Land Transfer Tax 

• 2025: Extension of the Foreign Buyer Ban 

• 2025: Introduction of tariffs 

Despite these events, the Canadian real estate market has demonstrated a consistent upward trajectory. While growth rates may fluctuate, the overall trend remains positive. 

In this dynamic environment, a prudent approach involves maintaining vigilance, practicing informed decision-making, and remaining receptive to emerging opportunities. 

Please do not hesitate to contact me with any inquiries. Now more than ever it is imperative that you seek the guidance of a professional and have representation so you can protect yourself and make an informed decision. 

 www.sharaturner.com

The Ottawa real estate market in early 2025 presented a mixed picture, characterized by rising prices despite a slight dip in sales activity compared to the previous year. According to the Ottawa Real Estate Board (OREB, 2025), the average home price in January reached $670,258, a notable 5.8% increase from January 2024. This suggests continued price appreciation in the Ottawa market, even with some cooling in sales volume.

While sales figures were slightly below those of January 2024, a significant influx of new listings—1,359—marked a 14% increase over the five-year average. This surge in inventory provides buyers with more choices, a welcome development in a market that has often favored sellers. However, this increased inventory also intensifies competition among sellers, highlighting the importance of strategic pricing and presentation.

Several factors are contributing to these market dynamics. The increased number of listings suggests more sellers are entering the market, potentially anticipating future changes or seeking to capitalize on current price levels. Anticipation of lower interest rates in the future is likely fueling buyer demand. Even though rates appear as though they will continue on a downward trend, the expectation of future decreases can motivate buyers to enter the market now. This anticipation, combined with the increased inventory, creates a complex dynamic. In addition, economic and political factors can influence buyer and seller behavior, adding another layer of complexity to the Ottawa market.

For sellers, the current market presents both opportunities and challenges. The rising prices are clearly advantageous. However, the increased competition from a larger pool of listings necessitates a careful approach to pricing. Overpriced properties risk languishing on the market, while strategically priced homes are more likely to attract buyers in this environment. The emphasis on "well-priced and presented" homes underscores the importance of not just competitive pricing but also staging and marketing efforts. Sellers who fail to adapt to this more competitive landscape may face lower offers or longer selling times.

In summary, the Ottawa real estate market in early 2025 can be characterized as a market in transition. While prices continue to climb, increased inventory and anticipated interest rate adjustments are creating a more balanced market compared to previous periods. Sellers need to be particularly mindful of pricing and presentation to succeed in this environment. The long-term impact of the economic and political uncertainties remains to be seen and will likely continue to influence market trends in the coming months.

Buyer’s and Seller’s, this is an opportune time to make a move. Reach out with any questions. I’m here to assist and look forward to helping you achieve your real estate goals.

As we step into early February 2025, Canadian mortgage rates are showing a gentle decline. Yet, it's important to note that the recently proposed tariffs imposed by the United States, along with Canada's responses, have introduced some unpredictability into bond yields, which directly influence fixed mortgage rates.

Key Elements Affecting Mortgage Rates:

U.S.-Canada Trade Relations  

The newly threatened tariffs are likely to heighten inflation, although a 30-day grace period is temporarily stalling their complete economic effects. Should the trade conflict persist, we might see slower economic growth, which could lead to lower interest rates. However, an uptick in inflation could result in rising bond yields and, consequently, higher fixed mortgage rates.

Inflation Concerns  

The Bank of Canada (BoC) aims for core inflation around 2%, but there are projections indicating that it may breach 3% in 2025 if tariffs are fully enacted. Persistent high inflation might prompt the BoC to postpone any rate reductions or even contemplate rate increases in the future.

Recession Worries  

There is a consensus among some economists that Canada might face a recession within the next 6 to 12 months if trade restrictions begin to dampen business confidence and investments. In such a scenario, the BoC would likely take aggressive steps to lower rates, which would lead to reduced variable mortgage rates.

Global Interest Rate Dynamics  

The actions of the U.S. Federal Reserve concerning inflation will also significantly affect Canadian mortgage rates. If U.S. bond yields rise, it is likely that Canadian yields will follow suit, potentially raising the costs associated with fixed-rate mortgages.

By staying informed about these factors, homebuyers and current homeowners can better navigate the mortgage landscape in these fluctuating times.

Fixed vs. Variable: Making the Right Choice in Today’s Market

When deciding between fixed and variable rates in the current financial landscape, it's important to assess the risks involved carefully.

Fixed-Rate Mortgages: Consistency with a Price

Advantages:

- Predictability: Your interest rate and monthly payments remain unchanged throughout the mortgage term, offering a sense of security.

- Shield from Increasing Rates: Should inflation push bond yields higher, your rate stays locked in, protecting you from sudden increases.

Disadvantages:

- Higher Initial Rates: Typically, fixed rates are higher than variable rates at the outset, which could mean higher upfront costs.

- Costly to Terminate: If market rates decrease significantly, breaking away from a fixed mortgage can lead to substantial penalties.

Best Suited For:

- Those who prefer a stable payment structure and are risk-averse

- Homeowners with fixed budgets who cannot handle variations in payment amounts

Variable-Rate Mortgages: Opportunities for Savings with Increased Risk

Advantages:

- Lower Initial Rates: Historically, variable rates have offered lower starting rates than fixed options.

- Flexibility: Generally, penalties for breaking or refinancing a variable mortgage are lower, providing more options if your circumstances change.

Disadvantages:

- Risk of Rate Fluctuation: In times of rising inflation, the Bank of Canada (BoC) might delay rate cuts or even increase rates, which could lead to higher payments.

- Uncertainty: The unpredictable nature of the economy can make it difficult to estimate long-term costs reliably.

Best Suited For:

- Borrowers who have the financial ability to absorb potential interest rate increases

- Investors ready to take on some risk for the possibility of savings

Key Insights & Recommendations

Short-Term Perspective (Next 6 Months):

- If trade tensions persist and recession concerns grow, variable rates might experience a slight decrease.

- Fixed rates could exhibit volatility, influenced by responses in the bond market. 

Medium-Term Perspective (12-18 Months):

- Should inflation become a more pressing issue, fixed rates may increase, making it advantageous to lock in a rate now.

- Conversely, if economic conditions deteriorate, the BoC could hasten rate cuts, favoring those with variable mortgages.

Choosing Your Mortgage

- Prioritize Stability and Minimize Uncertainty → Opt for Fixed.

- Expect Rates to Fall and Can Handle Variability → Consider Variable.

- Unsure of Your Choice → Explore a Hybrid (Split) Mortgage.

A hybrid mortgage allows you to balance your loan between fixed and variable rates, managing risk while taking advantage of potential rate decreases.

Final Thought: Stay Adaptable & Keep an Eye on the Market

The mortgage market is constantly changing, and what seems like the best option today may not hold true six months down the line. Regardless of whether you choose fixed or variable, staying informed and collaborating with a skilled mortgage professional is crucial. 

With the right approach, you can navigate the uncertainties of interest rates and secure a mortgage that aligns with your financial objectives.

Canada has been granted a temporary 30-day reprieve from U.S. tariffs. However, according to BMO, there is a potential risk that the Bank of Canada may need to reduce its policy rate to 1.50% by the end of the year if the tariffs are implemented.

This would represent a significant decrease of 100 basis points, or one percentage point, compared to BMO's current projection of a 2.50% rate for the Bank of Canada later in the year.

BMO's updated forecast stems from a scenario in which U.S. tariffs—set at 25% on most Canadian goods and 10% on oil and gas—would take effect. Initially scheduled to be implemented today, President Trump announced a last-minute 30-day delay, which also extends a similar arrangement with Mexico.

BMO economist Michael Gregory emphasized that if the tariffs are indeed enacted, a more rapid cycle of rate cuts could become a possibility. He noted, “If tariffs are actually put in place, then -150bps enters the realm of possibilities again.”

Such a development would result in Canada-U.S. overnight rate spreads exceeding -225 basis points, inching closer to the historic low established in 1997. For now, with the implementation postponed, Gregory indicated that the tariffs have transitioned from a certain occurrence to a potential risk.

For now, here is a snap shot of the BoC policy rate forecasts from the Big 6 banks

For now, here is the BoC policy rate forecasts from the Big 6 banks:

	Current Policy Rate:	Policy Rate: Q1 ’25	Policy Rate: Q2 ’25	Policy Rate: Q3 ’25	Policy Rate: Q4 ’25	Policy Rate: Q4 ’26
	3.00%	3.00%	2.75%	2.50%	2.50%*
	3.00%	2.75%	2.75%	2.25%	2.25%	2.25%
	3.00%	2.75%	2.50%	2.25%	2.25%	2.75%
	3.00%	2.75%	2.25%	2.00%	2.00%
	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%
	3.00%	3.00%	2.75%	2.50%	2.25%	2.25%

* Assumes no U.S. tariffs. Expected policy rate of 1.50% in the event of tariffs.
Information as of February 4, 2025

A strong credit score is the secret to securing the best mortgage rates and financing options. Whether you're planning to buy your first home, upgrade, or invest, a credit score of 680 or higher can open doors to more opportunities and save you thousands of dollars over the life of your loan. 

Here are 5 strategies to help you build and maintain a favorable credit profile.  

1. Lower Your Credit Utilization 

Your credit utilization (how much of your available credit you’re using) is one of the most significant factors affecting your score. Always aim to keep it below 30%.  

Expert Tip: Pay down balances at least 3 days before your statement date to lower your utilization ratio and boost your score quickly.  

2. Never Miss a Payment 

Your repayment history is critical. Late payments on credit cards, car loans, or even phone bills can impact your score.  

Expert Tip: Set reminders on your phone 3 days before due dates to ensure you never miss a payment. Another excellent method to help accelerate positive momentum is to make two smaller payments within one cycle. 

3. Keep Old Credit Accounts Open 

Closing old accounts can shorten your credit history and increase your utilization ratio. 

Expert Tip: If annual fees are a concern, ask your credit card issuer to downgrade to a no-fee card instead of closing the account. 

4. Accept Credit Limit Increases 

A higher credit limit can lower your utilization ratio, which is great for your score.  

Expert Tip: Accept limit increases when offered, but do not increase your spending to ensure you keep your finances in check. 

5. Monitor Your Credit Report 

Errors on your credit report can drag your score down. Regularly review your report from Equifax or TransUnion to ensure everything is accurate. You can register for free monitoring with either Borrowell or Credit Karma.   

Expert Tip: Dispute any inaccuracies immediately to maintain a clean credit profile. 

Why Does This Matter? 

A strong credit profile will improve your chances of obtaining mortgage approval and ensure you can secure the most competitive rates. If you’re planning to buy now or sometime in the future, taking these steps today will make a significant and positive impact tomorrow! Do you have questions? Please reach out as I’m here to assist with all your real estate and mortgage needs. I’m located in Ottawa and servicing all of Ontario. 

Let’s work together to make your homeownership dreams a reality. 

Online Mortgage Application

As most have already heard, the BoC has cut its benchmark interest rate by a quarter-percentage point today.

So as we stand, the policy rate is 3% which is welcomed by many home owners with variable rate mortgages and those with line of credit. This was the 6th consecutive rate cut and deemd to be the end of “quantitative tightening.” Having said that BoC also warned that the stability and resilience of the Canadian economy will be tested if tariffs are implemented and trade wars break out between Canada and the United States of America as this could rapidly shift the economic landscape—and with it, the real estate market.

Here’s why tariffs have the potential to negatively effect our real estate sector. 

Retaliation and Inflation

Tariffs don’t operate in isolation. If the U.S. imposes significant tariffs on Canadian goods, Canada is likely to retaliate with its own tariffs which could lead to more costly goods and thus increased inflation. 

Economic Strain on Households

Increased inflation reduces purchasing power. Everyday goods become more expensive, leaving less disposable income for housing investments. For real estate, this means fewer buyers and tighter budgets, further challenging market stability.

Uncertainty in Rate Movements

The Bank of Canada’s response to these challenges is far from predictable. If inflation spikes dramatically, the BoC may reverse course, hiking rates to counteract rising prices. However, if the economic impact of tariffs proves catastrophic—such as widespread layoffs in industries like automotive—the BoC could instead cut rates to stimulate the economy and stave off disaster.

At this point, we don’t know what the future holds. For the time being it is important to stay up to date and work with a highly knowledgable realtor who can provide solid guidance and help you stay informed. 

Here are some key strategic moves to consider:

1. Educate yourself on the Temporary Nature of Rate Cuts

Make sure you understand that current rates are unlikely to remain low if tariffs lead to inflationary pressures. For buyers, this might mean acting quickly to secure financing before rates rise. For sellers, timing will be critical to capitalize on potential short-term demand.

2. Anticipate Inflation’s Impact

Monitor goods and services that influence construction, renovation, and property maintenance costs. Inflation in these areas could affect property values, particularly in suburban or rural areas where buyers are more price-sensitive.

3. Focus on Stable Markets

Listings in sectors or regions that are less vulnerable to economic shocks will thrive. For example, properties in diversified job markets or areas with strong foreign investment may remain more resilient.

4. Adapt Mortgage Advice

With the possibility of fluctuating rates, variable-rate mortgages might still be a smart option for risk-tolerant clients. However, ensure you are fully informed about the potential for rates to increase later in the year.

5. Track Foreign Investment Trends

A weaker Canadian dollar, caused by economic turmoil, could attract foreign buyers to major urban centers like Toronto and Vancouver. Stay attuned to exchange rate fluctuations and adjust your strategies to cater to this demand.

There you have a few strategies and thoughts to consider as you navigate your real estate journey during these unstable times. 

I will close out by saying, if you are considering buying or selling within the next 6 months, take action now. Connect with a knowledgable Realtor and mortgage agent who can guide you and help you prepare. This is an opportune time for Buyers and Sellers. Do not wait, lock in your rate now. Find Your best Rate

Whether you are interested in buying or selling real estate, know I am here to help guide you every step of the way.

If you have any questions about real estate from home evaluations to mortgages to searching for properties in your area, don't hesitate to contact me today!