From the blog...

Spring Market Update: More Inventory, More Opportunities

We’re a few months into the year now, and it’s been a slower start than usual. Buyers have been sitting on the sidelines, hesitant to jump in—but with inventory levels in Ottawa reaching highs we haven’t seen in six or seven years, that could be about to change.

So, what’s driving this shift? A big factor is consumer confidence. With ongoing economic uncertainty, concerns about tariffs, and inflation making headlines, many buyers have been waiting things out. That said, homes are still selling—but not across the board.

What’s Moving in This Market?

Sales are down 10% nationally and 18% in Ottawa, and we’re seeing a clear trend: the homes that are priced right, presented well, and marketed properly are the ones attracting buyers. About 25% of listings are moving quickly, while the rest—especially in the luxury market over $1.5 million—are sitting longer.

For sellers, this means being strategic with pricing. This isn’t about underpricing to sell fast, but rather about aligning with the current market instead of aiming too high and hoping buyers negotiate down. Those well-priced homes? They’re still selling in a reasonable timeframe.

What Buyers Should Know

For buyers, this could be a great time to get into the market. With more listings coming up, you have more choice—and right now, you’re not facing the intense competition we’ve seen in previous years. If rates drop or major economic shifts happen, we could see buyer activity pick up fast, which could change the playing field again.

Where’s the Market Headed?

Right now, Ottawa is a balanced market, meaning it’s not heavily favoring buyers or sellers. Prices have remained stable, but with inflation ticking up again, interest rates could be affected. The next few months will be key in determining how the market adjusts.

If you’re thinking about buying or selling and want to know what’s happening in your neighborhood, reach out—We’re always happy to chat!