The shift has been slow and steady, but November really highlighted where things are heading. Ottawa is still technically sitting in a balanced market, yet different segments are starting to move in very different directions — and some are shifting quickly.
Condo apartments, for example, have climbed to seven months of inventory, a notable jump that firmly places that segment in buyer’s-market territory. (For context, months of inventory measures how long it would take for all current listings to sell if no new ones came on the market.) Seven months means buyers have leverage and plenty of choice.
By contrast, single-family homes are holding steady at roughly four months of inventory, and townhomes are even tighter at around three months — both still within balanced-market conditions. But as always, Ottawa is really a collection of micro-stories. For example, if you’re buying or selling in Westboro, The Glebe, or downtown under $1M, you’re seeing something completely different from the citywide averages. Inventory in these pockets is incredibly tight, competition is high, and well-priced homes are moving fast. So even though the overall market reads “balanced,” your lived experience may feel far more competitive.
Layered on top of all this is the Bank of Canada’s latest decision to hold interest rates steady. This means we’re heading into the new year with what I’d call a neutral rate environment — rates aren’t pushing the market forward, but they’re not pulling it back either. A rate cut would certainly help unlock more momentum (and yes, selfishly, I’d love to see that), especially as inventory builds in certain segments.
If you’re curious about what’s happening in your specific neighbourhood or want a breakdown of recent sales around your home, feel free to reach out anytime. Every pocket of the city is behaving differently right now, and we’re always happy to walk you through it.
We’ll also be sharing a more detailed 2026 market forecast in the next blog post. There’s a lot to unpack, and I’m looking forward to diving deeper with you!
This year marked a milestone for our team: the 10th anniversary of our annual Santa Party. What started as a simple idea — inviting a few clients into our office lobby for photos with Santa — has grown into one of our favourite traditions and a meaningful way to celebrate the people who have supported our business over the years.
The early days were small & casual. A tree in the corner, a plate of cookies, and Santa posing in our office lobby. But even then, the energy was special. Families showed up, kids beamed, and we realized how much joy a little holiday gathering could bring. It didn’t take long for us to make it a yearly event.
Fast forward a decade, and the Santa Party has become something much bigger — and this year was our biggest celebration yet. To mark the 10-year milestone, we hosted the event at The Marshes Golf Course, giving us the perfect space to bring everything to life. Over 200 clients attended, making it our highest turnout ever. The room was full from start to finish with families catching up, kids running around excited for their turn with Santa, and that buzz of holiday excitement you can’t really describe unless you’re in it.
We brought back the staples that everyone loves: Santa’s mailbox for letters, our balloon artist who is always a hit, adding in a second facepainter to help with the lineup and of course the professional photographer ready to capture everyone’s moment with Santa that has become an annual tradition for so many families. It’s amazing to see kids who once toddled now walking in a little taller, year after year.
For us, this event is more than a party. It’s a way to say thank you. Our clients have supported us, trusted us, referred us, and grown with us — and hosting a celebration like this is our opportunity to give something back. We take a lot of pride in going all out, and this year we pushed it even further because the milestone deserved it.
And a big part of what makes this tradition feel so meaningful is the people who have been with us since the very beginning. Santa, our photographer Don, and our face painter have all been part of this event since year one. They’ve seen the kids grow up, they’ve helped create the magic, and they’ve become woven into the fabric of what this event is. Their commitment and enthusiasm every single year make the Santa Party feel familiar, warm, and truly special — and we couldn’t imagine it without them.
Looking around the room, it was impossible not to feel grateful. Ten years of Santa Parties. Ten years of families returning. Ten years of building a community that extends far beyond real estate.
This year set the bar high, and we’re already excited about what the next one will bring. But for now, we’re just thankful — for the turnout, the memories, and the chance to celebrate with so many of you.
There’s some real opportunity out there right now in the Ottawa real estate market. We’re seeing sellers making big price adjustments, and that’s creating some great buys — even a few that could make sense for investors or anyone looking to renovate and resell. It’s been years since we’ve seen that kind of window open in Ottawa, and it’s refreshing to see balance returning.
The recent interest rate cut from the Bank of Canada — down another quarter of a percent — has given the market a boost of optimism. It wasn’t guaranteed (most thought it was a coin toss), but it happened, and it’s good news. Variable mortgage holders are already seeing the benefit, and for anyone renewing in 2025, it may open up more flexible options between fixed and variable rates.
When you look at the bigger picture, we’ve had 1.75% in rate cuts since June 2024. That’s a major shift that helps with affordability and confidence. The next Bank of Canada announcement is coming up on December 10th, and all signs are pointing toward continued easing.
That said, the market is behaving differently depending on where you are. In Ottawa’s outer areas — places like Carleton Place, Embrun, and the surrounding small towns — listings are sitting a little longer. There’s just more inventory out there right now, so even homes that are priced well and staged beautifully are taking more time to sell. The condo market’s seeing a similar trend: you can have the perfect unit in the right neighbourhood at a great price, and it might still take a while to find the right buyer.
Overall though, this shift is healthy. Buyers have more breathing room, sellers are pricing more realistically, and we’re moving toward a more balanced Ottawa real estate market — something we haven’t had in a long time.
If you’re thinking about buying, selling, or just want to understand what’s happening in your neighbourhood, our team’s always happy to chat.
It’s incredibly disappointing to see Clublink move forward with closing the Kanata Golf & Country Club in favour of development. For decades, this course has been a defining part of the Kanata Lakes community — not just a patch of green space, but a promise. A promise that helped shape home values, neighbourhood identity, and the very reason many families chose to live there in the first place.
It is also close to home as my boys enjoyed playing there this year with their Grandpa. It was some of our most memorable moments from the past summer.
What breaks my heart most is thinking about the homeowners who bought with the understanding — and yes, expectation — that they would have golf course views for the lifetime of their homes. Many paid large premiums. Many built their lives around that open space, that privacy, that sense of calm. To have that taken away is more than frustrating — it feels like a betrayal.
What’s even harder to wrap my head around is how a development with essentially zero public support — not from the local councillor, not from the MP, and certainly not from the mayor — could still push ahead and get approved. The community has been loud, organized, and united. Petitions, town halls, planning meetings — the message has been consistent: we don’t want this. Yet somehow, the desires of the residents who actually live here and elsewhere in Ottawa were outweighed.
It’s astounding, and frankly, unacceptable.
Clublink had an opportunity to stand by the community that supported them for decades. Instead, they chose to sell out. I understand business decisions, but there is a difference between business and values. This decision lacks the latter.
I truly hope that builders across Ottawa recognize the weight of this. Land comes with history — and reputation. I would be proud to see some of the city’s more respected builders take a stand and decline involvement in developing here. Not because they can’t build well, but because we need a message that communities matter. Commitments matter. Neighbourhood identity matters.
Will a boycott happen? Probably not. But it would be powerful to see people hit pause and ask: At what cost? What kind of city do we want to be? One that honours long-standing neighbourhood character and resident trust — or one that allows corporate interests to override community voice?
Our team helps with many HHTs each year, and each one is a little different from the rest. In one case this year, Colin and Chris first spoke with the relocating members in March after they were referred by a past relocation client. At that stage they were not familiar with Ottawa Relocations and were still interviewing Realtors who are registered with BGRS. They arranged a video call where Chris and Colin learned more about the plans and priorities for their move from BC to Ontario. Like many members who are reposted, there was a home to sell before they could confidently purchase a home in Ottawa. For a different twist, these members were also expecting an(other) addition to their family in the spring PLUS 1 member was scheduled for service at sea for the next several weeks. Needless to say, subsequent communication was a little spotty! Time can often pass while members await their official COS or for their current home to be sold. Here, Colin was not certain when the HHT would be scheduled and was even still waiting for confirmation that the team would be needed. In the meantime, he created a custom search portal to track home sales in Ottawa, continued to send market updates, and kept checking in on how things were coming along with the home sale preparation.
At long last, messages were exchanged! The house was listed on MLS in May, then sold in June! Somewhere in there a beautiful baby was born. Plans were made for an HHT at the end of June. Since all of the systems and parameters were already in place, it was easy for Colin to quickly kick the search into high gear. Finally, over 3 months after their first zoom call, all parties were boots on the ground in Ottawa and ready for a week filled with home viewings, school ratings, neighbourhood reports, and lots of phone calls. New baby certainly got to see lots of Ottawa in between feedings and naps!
To keep things moving, Colin scheduled every one of their top listings choices for Day 1, with a couple of late additions + some 2nd viewings on Day 2. After months of planning and updates, everything came together nicely (and quickly). By Day 3 a great deal had been negotiated & accepted, home inspections were booked & executed (Colin always has a couple of BGRS inspectors on standby during an HHT), and I think there was even time for some sightseeing. Maybe just some downtime at the hotel…. Either way, another happy ending to an HHT.
As we know, reposting letters can come at different times of the year. They can be requested, or they can be unexpected. Some of our house hunting trips come together only a few days after our initial contact with our new clients. However they happen, trust is always a key component to a successful HHT. It is challenging to by a home in the best of situations, and CAF members are required to work with a Realtor who they have likely never met. They need to feel that when they arrive in Ottawa, they can trust that the information they receive is current and insightful to meet their requirements and be confident that the details have been taken care of. The team at Ottawa Relocations is experienced, focused, and determined to make every HHT a huge success for every single military relocation. Just ask their past clients!
September’s numbers tell an interesting story — we actually saw more sales than last year, which might surprise some people given the headlines. But what really stood out was the jump in new listings, up about 20% year-over-year. That surge has pushed our inventory levels to around four months of supply, the highest we’ve seen in quite some time.
What does that mean? We’re still in balanced market conditions, but if this pace of new listings continues, we could see five or even six months of inventory by winter. As a result, sellers have been making more price adjustments lately. Many are realizing that pricing based on where the market was, not where it is now, can lead to listings sitting longer — and often selling for less once buyers move on.
Much like the stock market, timing matters. It’s tough to let go of yesterday’s high, but success today comes down to smart pricing, strong marketing, and top-notch presentation.
That’s where our team comes in. With shifting conditions, having the right representation is more important than ever. Fun fact: one in two Ottawa transactions involves a Royal LePage agent — a great reminder that experience and strategy matter in this market.
If you’re curious about what’s happening in your neighbourhood or where your home might stand in today’s market, reach out anytime — we’re always happy to help.
Would you buy your house twice? Interesting story of regret and redemption. Home is afterall where the heart is.
I was fortunate enough to meet Pat and Sylvie in 2016 when they relocated to Ottawa. After a few days of searching they purchased a beautiful bungalow on a quiet court. At the time the market was very much favouring buyers. We ended up buying it at a very reasonable price and they expected to live there for many years. Fast forward to this year and plans change. With the desire to be closer to family they decided to sell and move. The pull of grandkids is strong!
We listed the house on a Wednesday and within hours I got a message from the previous owners that they would like to purchase their home back. I was a bit surprised by the email. Can’t say I have had that request before! Colin showed them the house that they know better than anyone and it confirmed what they had been feeling. However, buying your house back in this market is not as easy as maybe they thought it would be. This was not the buyers market they had sold it in. The house was staged to perfection and showed immaculately. There was going to be plenty of suitors for this one. Shout out to our staging team and the home owners for their hard work!
When offer date came around we had a very nice personal letter from the previous owners expressing their sincere interest in buying the house back. We also had 10 other buyers who also wanted to buy this home. I like a good story so you know who I was rooting for!
These were tough buyers to beat. They are more than a little bit emotionally involved this home. They had their heart in that home for years and needed to complete the purchase. They knew they would not get another chance to right this wrong. When the dust settled there were a few strong contenders but these were the buyers for the house. They paid a premium on the listing price to secure back their dream house. Like any good fairytale this one ends with a happy ending. It also reveals a great lesson. We sometimes have exactly what we need and that change is not always the solution. We hope these buyers enjoy their new old home for many years to come!
Over the past month, national headlines have been dominated by stories of market declines across some of Canada’s major cities—particularly in the condo sector. The good news? Ottawa continues to remain relatively insulated from those sharper downturns.
That said, August brought a surge in new listings, pushing inventory to higher-than-usual levels for this time of year. Heading into the fall, the big question is whether buyer demand will keep pace. Interest rates will play a big role here. If the Bank of Canada cuts rates, even by a quarter percent, it could give buyers the confidence they need to step into the market. If not, things may continue to feel stagnant.
For sellers, this is a time when preparation really matters. With more competition out there, realistic pricing, staging, and tackling deferred maintenance are essential if you want to stand out. For buyers, the flip side is that there are some excellent opportunities right now. In fact, we’ve seen several clients recently scoop up great value homes.
If you’re curious about your home’s value or thinking about making a move this fall, our team is here to help. Reach out anytime—we’d love to chat.
One of the best things about living in Ottawa is how quickly you can escape into nature. In less than an hour, you can swap the city for cliffside lookouts, peaceful forest trails, and even some pretty incredible ruins. Two of my go-to hikes are the Eagle’s Nest Lookout in Calabogie and the Carbide Willson Ruins in Gatineau Park. They’re totally different experiences; one gives you a jaw-dropping view over the Madawaska Highlands, and the other takes you through the woods to waterfalls and historic stone walls. Both are worth adding to your list if you love exploring the outdoors.
A couple of weekends ago, my wife and I packed up the boys and headed to the Carbide Willson Ruins in Gatineau Park. It’s a short hike—just over a kilometre each way—which makes it a great choice for families. The trail winds through the forest before opening up to the ruins of an old stone mill tucked beside a small waterfall.
What I really like about this hike is how much you get for so little effort. You don’t have to be an avid hiker to enjoy it! The trail is wide, shaded, and manageable for all ages. Plus, since it starts right near O’Brien Beach at Meech Lake, you can easily pair the hike with a picnic or even a swim on a warm day.
Another hike we often enjoy is Eagle’s Nest Lookout in Calabogie. This one’s a bit more of a climb than Carbide Willson, but still very doable even with kids in tow. What’s great about Eagle’s Nest is that you have options. There’s a shorter trail that is about 20 minutes from the parking area. This trail takes you straight up to the lookout. Or, if you’re looking for more of a workout, you can tackle the Manitou Mountain Trail, a 9 km route that winds through the forest and passes by a couple of other lookouts before leading you to the main one.
No matter which route you choose, the payoff is the same: a jaw-dropping panorama over the Madawaska Highlands. It’s the kind of view that makes you stop, take a deep breath, and just take it all in. One thing I always tell people about Eagle’s Nest is to plan ahead for parking and timing—it’s a popular spot, especially on nice weekends. If you can head out early in the day, you’ll beat the crowds and really get to enjoy the lookout at its best.
Both of these hikes show just how lucky we are to have so much variety so close to Ottawa. The Carbide Willson Ruins is perfect when you want something short, family-friendly, and a little different with its waterfalls and history. Eagle’s Nest, on the other hand, gives you that classic “wow” moment at the top of a cliffside lookout, whether you take the quick route or make a day of it on the longer trail.
If you’re looking for a way to spend a weekend outdoors, you really can’t go wrong with either one. Pack some snacks, head out early, and enjoy what makes our area such a great place to live!
