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Happy Monday, folks!Some quick notes on market performance:Sales: 1,318 (+4.9% y/y) on 2,549 new listings (+11.7% y/y) →...
11/08/2025

Happy Monday, folks!

Some quick notes on market performance:
Sales: 1,318 (+4.9% y/y) on 2,549 new listings (+11.7% y/y) → SNLR 51.7% (balanced).
Supply: 4,205 active listings (+14.0% y/y), 3.2 MOI → buyers have options, but not a deep buyer’s market.
Prices (y/y): Average $695,209 (+2.2%), Median $635,000 (+0.6%) → prices are up vs last July.
Speed & negotiation: Sale-to-list 98.1%, median DOM 24 → typical negotiation bands around ~2% and slightly longer marketing time.
Inventory is higher than last year and absorption sits in a balanced range, so buyers are choosier, but year-over-year price gains show the market’s still resilient. Strategy (pricing, prep, presentation) is the edge right now.

For those that want to chat about market dynamics and the macroeconomic forces behind it all, send me a note anytime.

June Housing Market Posts Annual Gain Despite Summer SlowdownA total of 1,602 homes were sold through the MLS® System of...
09/07/2025

June Housing Market Posts Annual Gain Despite Summer Slowdown

A total of 1,602 homes were sold through the MLS® System of the Ottawa Real Estate Board (OREB) in June 2025. This marks an decrease from the previous month, but a more modest 10.6% increase compared to June 2024 and sits 3.8% above the five-year average.*

“This was the busiest June we’ve seen in quite some time, with sales up 10.6% and new listings rising nearly 14% year over year, signifying we did, in fact, experience a delayed spring market,” says OREB President Paul Czan. “We’re seeing more inventory hit the market, giving buyers more choice. With the changing market conditions, sellers need to be future-focused—pricing thoughtfully and preparing their homes to be one of the top picks in their area.”

“Apartments are one segment that continues to feel the strain, with sales down about 20% across Ottawa and inventory building. There is a variety of compounding factors in play here including an increase in new construction, elevated financing costs and rising strata fees reducing affordability—especially for first-time buyers, but also, we’re seeing neighbourhood-specific factors impacting demand,” adds Czan. “Still, Ottawa remains a stable market. We’re getting back to familiar seasonal trends—where summer activity will pick up for families looking for a home prior to the school year, and with students returning to the city—a stronger fall is likely ahead.”

By the Numbers – Prices

The average price of homes sold in June 2025 was $723,152 a 2% increase over June 2024.

By the Numbers – Inventory & New Listings

In June 2025, 2,933 new residential properties were listed, marking a 13.8% increase over June 2024. New listings were 6.6% above the five-year average.
Active residential listings at the end of June totaled 4,350 units, up 11.6% compared to the same month last year. Active listings were 42.6% above the five-year average.
Months of inventory is at 2.7, at relatively same level as in June 2024. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Happy Canada day. the true north strong and free...
01/07/2025

Happy Canada day. the true north strong and free...

Beautiful Home for Rent in Barrhaven – Available June 15thModern 3-bedroom home built in 2022, located in a quiet, natur...
01/06/2025

Beautiful Home for Rent in Barrhaven – Available June 15th

Modern 3-bedroom home built in 2022, located in a quiet, nature-filled setting with no rear neighbors—just peaceful views.

✨ Features include:

Spacious primary bedroom with ensuite bath

Finished basement with an additional washroom

Stunning kitchen with quartz countertops and stainless steel appliances

Open-concept layout, perfect for families or professionals

Move-in ready for June 15th. Don’t miss this opportunity to live in a like-new home in a sought-after neighborhood.

📩 Contact us today for more details or to schedule a viewing.

Momentum Builds in Ottawa’s Housing Market Amid Greater CertaintyThe number of homes sold through the MLS® System of the...
09/05/2025

Momentum Builds in Ottawa’s Housing Market Amid Greater Certainty
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,306 units in April 2025. This represented an 18.4% increase from March 2025, but an 11.2% decline from April 2024.

Home sales were 17.6% below the five-year average and 16.2% below the 10-year average for the month of April.

“While April sales were down year-over-year, we saw a healthy month-over-month increase—an encouraging sign of growing momentum as we move through the spring market,” says OREB President Paul Czan. “Inventory remains at higher levels compared to previous years, indicating a gradual move towards a balanced market.”

“With more certainty following the federal election, buyers are returning with greater confidence—but they're proceeding cautiously, taking their time, including conditions in their offers, and being more selective,” adds Czan. “Sellers, meanwhile, are adjusting to longer days on market, which makes strategic pricing and thoughtful home preparation more important than ever. If the listing is priced well, shows well, it's moving—and in some cases, it’s even getting multiple offers. Looking ahead, we’ll be watching how the federal government’s recent housing commitments translate into action. Policies aimed at increasing supply, improving affordability, and supporting first-time buyers are welcome steps toward meaningful impact here in Ottawa.”

By the Numbers – Prices:

The average price of homes sold in April 2025 was $707,180, a 0.4% increase from April 2024.

By the Numbers – Inventory and New Listings:

The number of new listings declined by 3.8% compared to April 2024, with 2,589 new residential properties added to the market. New listings were 2.8% above the five-year average and 5.6% above the 10-year average for the month of April.
Active residential listings totaled 4,878 units at the end of April 2025, reflecting a 54.2% surge from April 2024. Active listings were 86.9% above the five-year average and 51.3% above the 10-year average for the month of April.
Months of inventory stood at 3.7 at the end of April 2025, compared to 2.2 in April 2024. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Thank you to all my clients and friends for your trust and support.I’m incredibly humbled and excited to have received m...
25/04/2025

Thank you to all my clients and friends for your trust and support.
I’m incredibly humbled and excited to have received my 2024 award. This achievement wouldn’t have been possible without the unwavering support of my family, friends, and everyone who believed in me. Grateful beyond words! 🙏✨

May your day be as bright as the spring sun and as joyful as a blooming garden. Happy Easter!
20/04/2025

May your day be as bright as the spring sun and as joyful as a blooming garden. Happy Easter!

The Bank of Canada held its benchmark interest rate steady at 2.75 per cent on Wednesday, ending a run of seven consecut...
16/04/2025

The Bank of Canada held its benchmark interest rate steady at 2.75 per cent on Wednesday, ending a run of seven consecutive cuts. The decision, for which the market had given roughly even odds, comes following weakening inflation data published yesterday, and as Canadian and global economies contend with U.S. President Donald Trump’s twisting trade war.

Ottawa Housing Market Shows Stability as Spring Momentum BuildsThe number of homes sold through the MLS® System of the O...
10/04/2025

Ottawa Housing Market Shows Stability as Spring Momentum Builds

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,103 units in March 2025. This represented a 6.2% decline from March 2024.

Home sales were 24% below the five-year average and 19.3% below the 10-year average for the month of March.

"The Ottawa housing market in March 2025 remained relatively stable, with sales activity slightly lower than the same period last year," said OREB President Paul Czan. "However, we’re seeing continued momentum month-over-month as the spring market gains traction. Both buyers and sellers are exercising some caution—likely due to economic uncertainty and the upcoming election—but the current lower interest rates are encouraging more activity as they step off the sidelines."

"Looking ahead, the ongoing trade and tariff concerns could affect new construction and further exacerbate supply challenges,” Czan adds. “So, it’s critical that the City of Ottawa continues collaborating with key stakeholders. We were pleased to take part in discussions around the proposed New Zoning By-Law, which prioritizes housing options and opportunities to maximize options for Ottawa’s residents.”

By the Numbers – Prices:

The average price of homes sold in March 2025 was $685,866, unchanged from March 2024.

By the Numbers – Inventory and New Listings:

The number of new listings rose by 4.1% compared to March 2024, with 2,221 new residential properties added to the market. New listings were 0.7% below the five-year average and 2.2% below the 10-year average for the month of March.

Active residential listings totaled 4,319 units at the end of March 2025, reflecting a substantial 60.3% surge from March 2024. Active listings were 92.7% above the five-year average and 49.5% above the 10-year average for the month of March.

Months of inventory stood at 3.9 at the end of March 2025, compared to 2.3 in March 2024. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Ottawa Real Estate Market Holds Steady Amid Changing ConditionsThe number of homes sold through the MLS® System of the O...
11/03/2025

Ottawa Real Estate Market Holds Steady Amid Changing Conditions

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 President Paul Czan. “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 Czan. “As we approach the spring market, we anticipate increased buyer activity, particularly if interest rates trend downward and confidence continues to build.”

By the Numbers – Prices:

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.

The overall MLS® HPI composite benchmark price was $658,300 in February 2025, a 4.4% rise compared to February 2024.

By the Numbers – Inventory and New Listings:

The number of new listings rose by 4.8% compared to February 2024, with 1,668 new residential properties added to the market. New listings were 10.8% above the five-year average and 6.7% above the 10-year average for the month of February.

Active residential listings totaled 3,735 units at the end of February 2025, reflecting a substantial 61.4% surge from February 2024. Active listings were 95.7% above the five-year average and 51.4% above the 10-year average for the month of February.

Months of inventory stood at 4.6 at the end of February 2025, compared to 2.6 in February 2024. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Dear All,As the blessed month of Ramadan begins, we extend our warmest wishes to you and your loved ones. May this occas...
28/02/2025

Dear All,

As the blessed month of Ramadan begins, we extend our warmest wishes to you and your loved ones. May this occasion bring you peace, joy, and prosperity.

Ramadan Kareem!

Hoda & George

Ottawa’s Market Warms Up with More Listings and Cautious BuyersThe number of homes sold through the MLS® System of the O...
11/02/2025

Ottawa’s Market Warms Up with More Listings and Cautious Buyers
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 617 units in January 2025. This was a 4.2% decrease from January 2024.

Home sales were 13% below the five-year average and 9.6% below the 10-year average for the month of January.

“Ottawa’s market is seeing increased activity as more listings hit the market and buyers start to re-engage,” says OREB President Paul Czan. “Many buyers and sellers had been waiting for more conducive market conditions, but with the recent rate cut and potentially lower interest rates on the horizon, optimism is growing. While there’s more supply, the availability of suitable properties in various market segments remains tight. This is reflected in some homes selling quickly while others linger on the market. Sellers should be prepared to price competitively and present their homes in the best light to capture buyer interest in this evolving market.”

“The recent Bank of Canada rate cut, introduction of U.S. tariffs, along with upcoming provincial and federal elections, introduce factors of variability,” adds Czan. “That said, confidence is growing, and more buyers are expected to return to the market in the coming months, leading to an increase in transactions.”

By the Numbers – Prices:
​The average price of homes sold in January 2025 was $670,258, increasing 5.8% from January 2024.
OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Prices will vary from neighbourhood to neighbourhood.

By the Numbers – Inventory & New Listings

The number of new listings saw an increase of 3.0% from January 2024. There were 1,359 new residential listings in January 2025. New listings were 14.1% above the five-year average and 9.3% above the 10-year average for the month of January.
Active residential listings numbered 3,312 units on the market at the end of January 2025, a gain of 57.3% from January 2024. Active listings were 90.6% above the five-year average and 48.9% above the 10-year average for the month of January.
Months of inventory numbered 5.4 at the end of January 2025, compared to 3.3 in January 2024. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

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