From the blog...

Ottawa Market Update: Spring 2025

Ottawa’s micro markets

It has been a very interesting first quarter to say the least. Interest rates are holding steady, there’s an election coming, tariffs in the news… and yet the biggest thing I’m noticing? The change from area to area in terms of market acitivity and supply.

Core Neighbourhoods: Tight Supply & Competition

In areas like Westboro, Beacon Hill, Carson Grove, Glebe and central locations, there’s just not enough inventory in the freehold segment.  Lots on the codo side. But with freeholds we’re seeing multiple offers — even ones with no conditions in some cases. Buyers in these multiples are not going way over to secure their homes but we are definately seeing stiff competition in the 700k-870k range

Head into the suburbs and it’s a whole other story. In some of these neighbourhoods, inventory is the highest it’s been in nearly a decade. Buyers have choice — and when then happens, they slow down. They take their time. They offer under asking, with conditions, and often want a deal.

Sellers: You Need to Stand Out

If you’re listing in a slower area, your home needs to pop. That means paint, staging, lighting, marketing — the full package. Buyers are picky right now, and they can afford to be. Price is also looking like a moving target. So it is important you find the right range off the hop to give yourself the best chance to sell.