Over the last two years, the rapid increase in value across the Ottawa real estate market has seen every sector challenged, including the growing, sophisticated Ottawa luxury market. Even with the lack of inventory, Ottawa saw more than 221 homes sell over $2M in the last two years.
Fuelled by the city’s booming tech industry, the enthusiastic demand for these high-end luxury homes has continued, despite high land prices and ever increasing construction costs.
Over the years, many luxury home buyers have started engaging a Realtor to help find a suitable parcel of land on which to build in their chosen neighborhood, as well as working with a builder directly to build a custom home. However, the process is becoming more complicated and can be time consuming for working professionals, as there are so many considerations to take into account. Deciding on a location, choosing an architect, working with the city for permits, understanding the city’s restrictions on garages, front and side yard setbacks and height restrictions are just some of the challenges. Custom builders have finally taken notice, and Ottawa has seen an increase of high-end homes being built and sold as move-in ready Tarion-warrantied luxury homes.
Mike Splinter, owner of Cartesian Homes Inc., has worked with me to step into this niche market and has found a creative outlet and a passion for quality, two key elements for successfully building custom luxury homes.
“Luxury is attention to detail, originality and, above all, quality,” said Splinter. “Having the privilege of combining these elements provides us with the opportunity to focus on passion and creativity.”
While I work to find land on which to build in a preferred neighborhood, Mike is able to oversee the process of designing, building and customizing to deliver a stunning product in the most sought-out areas of the city. Focusing on timeless choices and unparalleled quality, every home is unique while meeting the demands of today’s luxury home buyers and helping them avoid the delays, stress and complications of being involved with the building process.
The Ottawa real estate market has grown exponentially in the past two years, and we can expect to see continued growth in the luxury market in the years to come as international companies continue to choose Ottawa as one of their North American expansion cities. Choosing to buy a custom luxury home comes with many advantages for consumers. Finding an experienced and knowledgeable team to help you through the process is paramount to a successful outcome.
Michelle Kupé is among Ottawa‘s most trusted and top-selling real estate professionals.
Her approach to real estate places her clients at the centre. You will feel this when you meet her, but it is also evident because most of her success is based exclusively on the referrals of her clients.
Michelle specializes in residential sale and development, along with land acquisition, zoning, and infill. Her extensive market knowledge, connections in the industry, and strategic approach are a potent combination for helping clients achieve their goals.
Known for her compassionate upbeat attitude, Michelle prides herself on being hard-working and is determined to ensure that the home buying and selling process is fully transparent and successful.
