From the blog...

Buyers Are Back: What’s Really Happening in Ottawa Real Estate

May brought a welcome shift in momentum. We saw a 33% increase in sales compared to April, which is a great sign of renewed buyer activity. While it may feel like the spring market started late this year, the numbers show we’re actually tracking right in line with 2024 year-to-date. Buyers simply delayed their decision-making, likely due to distractions like the U.S. election, economic uncertainty, and ongoing global headlines.

Now that things have stabilized a bit, confidence is returning to the market, especially here in Ottawa. Compared to other major cities like Toronto and Vancouver, we’re seeing much more resilience. Our market tends to be a little more insulated, and right now, that’s proving to be a real advantage.

That said, buyers are being more cautious and selective. One trend I’m seeing more frequently: post-inspection renegotiations. Even after a deal is signed, buyers are coming back with repair requests or looking to re-negotiate based on small items. It’s happening more than ever, and it speaks to the amount of choice they feel they have.

So, for sellers, preparation is everything. Deferred maintenance? Tackle it before listing. Presentation matters—staging, photography, and pricing strategy all play a huge role in how your home performs on the market. And pricing? Be realistic. Some sellers are still anchored to 2022 prices, but the best results come when we price according to current market conditions.

If you’re curious about what’s happening in your neighbourhood or need help navigating the market, don’t hesitate to reach out. We’re always here to help.