DND IRP Review could impact Ottawa real estate

Published 05 February 13 06:14 AM | Gord McCormick 

What is IRP?
A recent article (Jan 29th, 2013) in the Ottawa Citizen discusses a
review being conducted by the Pierre Daigle, the DND Ombudsman in to the
Military Integrated Relocation Program (IRP). This program is used to move
large numbers of military personnel and families annually, in accordance with
military operational requirements.

Big Cost of Moving Military plus employee real estate risk:
In the article, the Ombudsman is
questioning the real estate risks taken by personnel being moved and also the
taxpayer cost and total number of all moves which account for somewhere near
15,000 annually, if the numbers quoted are correct. If one assumed that 25% of
those moves involved personnel either moving to or from the Ottawa area that
would amount to 3,750 housing transactions annually which is quite an important
driver in the Ottawa real estate market. (we estimate total housing
transactions in Ottawa to be in the 22,000 to 25,000 range annually)

Impact on Ottawa real estate:
Therefore, any significant change in
the number of military relocations to/from Ottawa would have a softening effect
on our marketplace. For example, a decrease of 25% in the number of moves would
amount to almost 1,000 fewer houses bought or sold during the year in our market.

The Ombudsman's review is due to be completed in
the next few months with a report delivered sometime this summer.


Oasis Realty saves military budgets and taxpayer $$:

We are always ready to assist DND
families either buying or selling here in the Ottawa area for either IRP or non
IRP moves and look forward to hearing from you. Our listing fees actually save
the government money, as our fees are lower than the national contractor for
relocation services.  Our IRP listing fees
are only 4.2% whereas most will be charging 5.0%.

Our non IRP listing fees are only 2.5%-3.75%, so
military families on the move can save with us even if they are not moving for
DND operational purposes.  We also offer
an amazing buyer rebate/cashback program that provides an $1,875 bonus to the
buyer of an average price home. ($375,000) (some conditions apply)

Call us to discuss how these programs might work
for you!  613-435-4692

Not intended to solicit those with existing representation

Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage

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