May 2022 Newsletter
Thanks for tuning in again! May was a month full of change for the market, and for our team.
Company Highlight
This month we celebrated both Husnain and Mitch’s birthdays! As a team, we enjoyed some take-out and a comedy show to celebrate.
We also said a sad goodbye and a big congratulations to our team member Aly, who is headed out on her own to become a solo agent. After three great years on our team, Aly has decided it is time to try something new! We wish her the best in her journey and will continue to be in her corner.
Ottawa Clothing Drive
New Purveyors teamed up with local businesses to put on Ottawa’s largest clothing drive in history. With the support of plenty of local businesses and influential people, we received more than 19,000lbs of clothes and donated them all to local charities.
With the help of Trexity, cars and trucks went around Ottawa to pick up clothes from donors, brought them to TD Place, and volunteers assisted our team in sorting the clothes, folding them, and repacking them so that each charity we supported received donations specific to their current needs.
To learn more, check out our website: ottawaclothingdrive.com to read more about how the event worked, and check out @newpurveyors and @ottawaclothingdrive Instagrams for pictures and videos from the event!
News in Ottawa
Are you interested in getting into real estate? Read our most recent blog post to learn more about the process each agent must take to get their license.
What do I look for at a house showing?
Seeing new houses can be overwhelming, especially if you’re touring many of them! We’ve compiled a list of things to take a look at and remember to keep your head straight during the process.
Sometimes, more space isn’t always better! Lots of people are looking to downsize, and we’ve put together a list of all the things you should consider and prepare for when you move into a smaller home.
Client Story:
This month was one of Ottawa’s worst storms. Husnain made sure to make a trip to see one of his client’s newly purchased homes before closing to see if there was any damage from the storm - and luckily, there was none!
If you sustained any damage from the storm and are looking for community support, please do not hesitate to reach out.
Neighbourhood Monthly Statistics
This past month, there were 1846 residential property sales in Ottawa, compared to 2285 last year - this is a decrease of 19 percent year over year and is significantly lower than the 5-year average of 2031 sales as well.
Penny Torontow, Ottawa Real Estate Board’s president, explains that we can see this trend continuing as the market slows from where it was in 2021. With rising interest rates, a higher cost of living, and inflation, sales were already slowing. Add in the intense storm Ottawa suffered mid-month, it only makes sense that people are taking a step back while the community heals.
Data shows that there was a sharp decline in new listings and a large increase in cancelled/suspended listings after the storm hit Ottawa.
To learn more, check out our full blog post HERE
Dog of the Month
Meet Irving! Irving visited New Purveyors this week with our friend Joe Schutt, owner of UNIT Realty Group in Boston! He tagged along to TD Place with us to sort clothes for the clothing drive.
Send us your dogs for the chance to be featured next month!
Monthly Giveaway
This month, we’re giving away gift cards to Mooshu Ice Cream!
To enter, visit our Instagram and tag a friend in the comments of our giveaway post.
If you don’t have Instagram, feel free to email us back at info@newpurveyors.com and we’ll enter you into the giveaway manually.
