Ottawa’s housing market is holding its ground—steady demand, moderate price growth, and plenty of homes to choose from—while other markets are seeing way more ups and downs.

That said, it’s smart to keep an eye on what’s happening across Ontario. In some places, sales are slowing, prices are dipping, and homes are sitting on the market longer.

Ottawa’s known for being a bit more stable—thanks to steady jobs and a growing population—but we’re not completely immune. Big changes in other parts of the province or country can ripple our way. 

Right now, there are more homes for sale than this time last year (and compared to the 5-year average). That might be an early sign of more supply coming on the market. But here’s the flip side—the sales-to-new-listings ratio went up from 51.7% to 55.1% over the past year, showing demand is still keeping up. For buyers, this means more choice! 

In the condo market—especially downtown—demand seems to be softening. But overall, Ottawa is still standing out for its resilience.

As Paul Czan, President of the Ottawa Real Estate Board, says: 💬 “Our fundamentals remain strong—steady demand, balanced inventory, and moderate price growth.”

Want more information or have any other questions, I am very happy to help. Click HERE to request more information or to ask your question(s).

Something to take into account: when you see headlines about “The Canadian Real Estate Market”—even from reputable sources—take a closer look. The data may not reflect what’s happening in your specific market or home type.

I recently came across an article with the headline: “Home Sales at Crisis Levels in Sagging Market!” While that may be true for certain cities or property segments, it doesn’t tell the full story. In fact, the Ottawa market tells a different tale. June home sales—excluding condo apartments—were up compared to June 2024, and new listings were also on the rise.

It looks like June 2025 was busier than June 2024. Home sales were  10.6% higher compared to June 2024, and new listings increased by nearly 14% compared to June 2024. According to OREB President Paul Czan, this confirms that our spring market may have arrived a little late—but it certainly showed up strong.

More homes hitting the market means more choice for buyers, which is great news. Sellers, however, will need to be strategic: price thoughtfully and prepare your home to shine if you want to stand out.

One segment that’s still feeling the pressure is apartments. Condo sales were down about 20% compared to June 2024.

Still, Ottawa remains a stable, resilient market. We’re seeing a return to more traditional seasonal activity. With families aiming to move before the school year and students coming back to the city, a stronger fall.

Have you got any questions? Reach out HERE for a casual, no-obligation chat—I'm happy to help you make sense of it all!

• "Spring Market Surge: What Ottawa Buyers and Sellers Need to Know Now"

Thinking about buying or selling a home in Ottawa? Here’s what’s going on right now:

So far this year, home sales have been tracking pretty closely to 2024—but here’s the twist: sales in April 2025 jumped over 33% compared to last April. That’s a major spike, and it suggests our spring market just arrived a little later than usual.

It is also worth noting that the median time to sell a home was 17 days, that is from day listed to day sold firm, and that homes sold for an average of 98.8% of the asking price.

Why the delay? It has to do with April’s federal election and the uncertainty around U.S. tariffs — both had a lot of people hitting the pause button on real estate decisions.

Now that things are settling down, we’re seeing more listings hit the market, and buyers are starting to re-engage. If you’re thinking of selling, just remember—rising inventory means smart pricing and great presentation are more important than ever.

Unlike markets like Toronto or Vancouver that are showing signs of slowing, Ottawa is holding steady. Most homes are still selling close to the asking price, and the atmosphere feels a lot less frantic than in other cities.

And with the Bank of Canada holding interest rates steady, buyers are feeling more confident that now could be the right time to make a move—without worrying about missing out on a better rate down the road.

Thinking of jumping in? Let’s talk about how this market shift could work in your favour.

So, the Ottawa housing market in March 2025? Pretty steady overall. Sales were a bit lower compared to last year, but things are picking up month by month now that spring’s rolling in.

Both buyers and sellers are still a little cautious—which makes sense with the economy being a bit unpredictable and an election on the horizon. But the good news? Lower interest rates are pulling more people back into the market. People are starting to make moves again.

Looking ahead though, there are still some concerns around trade and tariffs, especially when it comes to new construction. That could make the housing supply issue even trickier.

February Real Estate Market Update – Big News for Buyers & Sellers!

More homes sold in February than in January! 809 homes sold last month compared to 617 in January—momentum is building as we head into spring!

Major news! The Bank of Canada just cut the key lending rate by 0.25% to 2.75%!

This is great news for buyers and sellers, as lower rates mean more affordability and stronger market activity.

More inventory, more options! With 1,668 new listings in February, buyers have more choices without an oversupply, keeping demand high for sellers. Some neighborhoods still have limited availability, making well-priced homes sell quickly!

Market Stats You Should Know:

• 98.6% list-to-sale ratio (homes selling very close to asking price)

• Median days on market: 19 days (still moving fast!)

• More balanced market (60 days is considered fully balanced)

Spring Market Outlook: Expect an active market ahead, though some buyers and sellers may move cautiously due to the upcoming federal election and ongoing tariff uncertainties.

Thinking about buying or selling? Now is the time to take advantage of lower interest rates! Drop your questions below or DM me anytime!

The January home resale numbers, although lower than they were for January 2024, are still very good. What matters most is that the market is good for home buyers and for home sellers.

For buyers, there were 1359 new home listings in January, which is a 3% increase compared to January 2024.Overall, at the end of January, there were 3312 homes available on MLS, a 57.3% increase compared to the end of January 2024. 

Based on the number of homes sold in January, if no more homes come on the market, there is 5.37 months of inventory, which means it would take that much time to sell all the currently available listings. Which is much better than the 2 to 3 months we saw during Covid. 

For sellers, the good news is that the median days on market (DOM) is 43, which means that midpoint for the time a home is listed, to the time that it is sold, is 43 days. A balanced market would have an average of 60 DOM's.  This shows that with a median of 43 days, some homes were up around 86 days, but many were less than the 43 days. 

The list to selling price ratio was an average of 98%. This is good for home sellers who price their home to the market. All said, with around 43 days to sell your home once it is listed and a selling price around 98% of the asking price, you are in a very good market. 

If you are looking to sell and buy, you also have more choice. 

🚨 The market is shifting! 🚨 Whether you're a buyer or seller, now might be the perfect time to make your move. 🏡📈 

💬 What do you think about the current market? Are you planning to buy or sell this year? Let’s chat! ⬇️👇

Drop me a note here!

The final numbers for 2024 are now in!

 The number of homes sold in December 2024 was 7.9% higher than the number sold in December 2023.

 For the 2024 year, the total number of homes sold was 11.8% higher than for the 2023 year.

 There was also a 13.6% increase of homes listed in December 2024 compared to December 2023,

 This is a good sign for the market and for buyers, although, there is still a lack of inventory in some areas and price ranges.

 The consecutive interest rate reduction by the Bank of Canada, as well as the longer amortization periods and increase to the amounts of insured mortgages have helped buyers.

Here is a recap of Regulatory changes and updates:

1) Effective Dec 15 - the limit on insured mortgages increases to 1.5 million from 1M.

2) Amortization Period for all first-time homebuyers and buyers of new-build properties is extended to 30 years from 25.

3) Removal of Stress Test for Straight, Stand-Along Uninsured Renewal Switches. Insured and uninsured mortgages no longer need to be stress-tested for qualification purposes.

4) Insured Refinances Eligible homeowners can access an insured refinance of up to 90% of their improved property value for construction funds. This change encourages homeowners to add a secondary suite to their property. This can help accommodate families or generate rental income.

Want more information, or have a question, please let me know. I am happy to help!

The home sales in November were stronger than they were for November 2023. In fact they were 45.1% higher. The average price of a home was up 4.6%. Please note that these numbers include all property types.

The Bank of Canada lowered the key interest rate by.50% to 3.25% this morning, For people with variable rate mortgages, rate cuts can mean more of their money goes toward the principal on their mortgage, and less towards interest. It can also help home buyers who opt for a variable rate mortgage and folks looking to refinance their mortgage. The impact on fixed rate mortgages won't be know for a while.

Adding in the following Regulatory Changes and Updates, should bode well for home buyers and sellers.

1) Effective Dec 15 - the limit on insured mortgages increases to 1.5 million from 1M.

2) Amortization Period for all first-time homebuyers and buyers of new-build properties is extended to 30 years from 25.

3) Removal of Stress Test for Straight, Stand-Along Uninsured Renewal Switches. Insured and uninsured mortgages no longer need to be stress-tested for qualification purposes.

4) Insured Refinances Eligible homeowners can access an insured refinance of up to 90% of their improved property value for construction funds. This change encourages homeowners to add a secondary suite to their property. This can help accommodate families or generate rental income.

Want more information, or have a question, please let me know. I am happy to help!

2024 home sales have continued to outperform the number of sales by month in 2023.

The latest interest rate reduction of .50% has helped to generate more optimism, although in speaking with home buyers, they are waiting for further drops in the rates.

This can be an issue. The number of homes available is up over last year, but housing starts are still very low.

The current market is balanced and homes are selling on average around 98% of the list price.

If you are buying, get pre-approved now, find your home, and take a longer closing if possible, so if rates go down, you will get the lower rate. This way you avoid the possible issue of competing with more buyers if the rates go down again, and the number of available homes remain at today's levels, or less. This would create competition and drive home prices higher, negating any gain made by a lower interest rate.

Want more information, do not hesitate to ask! I am happy to help.

The strong August market carried over into September. Home sales this September were 11.4% higher than they were in September 2023.

There is some speculation that the Bank of Canada, with their October 23rd policy decision, could lower the key lending rate a further .5%, with some economists saying that even if they do not go to that level, they believe that they will lower the rate by .25%.

If you are buying and aren’t pre-approved, get out now, get pre-approved, and find your house. You could face more competition for your dream home after the announcement, and then you may have to pay more than you would if you get out now!

Heading into October, the market was balanced, so no advantage to either buyers, or sellers. Homes sold for around 98% of the asking price in September. This could change, depending on what the Bank of Canada announces later this month.