As we move into the fall season, Ottawa’s suburban real estate market remains surprisingly stable, even amidst economic uncertainty. High interest rates and inflation have not significantly impacted the prices of two-story, double-car garage homes in key suburban areas like Stittsville, Kanata, Barrhaven, Riverside South, and Orleans.
For example, Stittsville leads the pack with an average price of around $960,000 for this type of home, while Orleans offers a more affordable option at around $845,000. These price differences highlight the variety within Ottawa’s suburban neighbourhoods, but the overall theme remains consistent—minimal price fluctuations compared to last year.
One of the most intriguing findings is in Barrhaven, where the average sale price has barely budged from 2023. This stability across the board suggests that Ottawa’s real estate market may be gearing up for a shift, particularly if interest rates start to decline next year as many expect.
If you’re curious about what’s happening in your specific neighbourhood, or want more insights on how these trends could affect your buying or selling plans, feel free to reach out. Our team is always here to help guide you through Ottawa’s ever-evolving real estate landscape.
Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2023, to September 30, 2023, compared to the same period from January 1, 2024, to September 30, 2024.
Navigating real estate during a divorce is one of the most challenging aspects of the process. The decisions you make regarding your home can have long-lasting financial and emotional impacts, which is why it’s crucial to approach this situation with care and a well-informed strategy. In Ottawa’s real estate market, these decisions become even more significant given the unique dynamics of the area. Our team understands the intricacies involved and is here to guide you through each step with the sensitivity and expertise needed during this time.
To help you move forward with confidence, here are five essential tips for couples divorcing with real estate in mind:
Get a Professional Valuation: Understanding the current value of your home in the Ottawa real estate market is crucial. This will inform your decisions, whether you’re considering selling the property, buying out your spouse, or dividing the proceeds.
Consider Tax Implications: The division of property can have tax consequences that are often overlooked. Consulting with a tax professional can help you avoid surprises down the road.
Decide on the Future of the Home: Whether to sell the home or keep it is a significant decision. It’s essential to consider not only the financial aspects but also the emotional and practical implications.
Keep Communication Open: As challenging as it may be, maintaining open lines of communication with your spouse about real estate decisions can lead to better outcomes for both parties.
Work with a Specialized Real Estate Team: Given the complexities of divorce-related real estate transactions, working with a team that has experience in Ottawa real estate and understands the delicate nature of these situations is invaluable. Our team is well-versed in managing these transactions with the utmost discretion and attention to detail.
When you work with us, you’re choosing a team that is not only skilled in real estate but also deeply committed to making this transition as smooth as possible. We’re here to provide the support and guidance you need to move forward with confidence, knowing that your real estate matters are in capable hands.
In this quick update, Chris shares his latest insights on the Ottawa real estate market. With inventory levels slightly higher than usual and prices remaining stable over the past year, the fall season is shaping up to be busy. Chris expects a balanced market, offering fair opportunities for both buyers and sellers. Curious about what’s happening in your neighborhood? Watch the video and reach out to our team for personalized advice.
Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2023, to August 31, 2023, compared to the same period from January 1, 2024, to August 31, 2024.
After a fantastic team meeting discussing the latest market trends, we decided to share our insights with you. This past week has been a busy one, with four conditional sales and a noticeable uptick in buyer activity. We’re seeing a range of dynamics – from competitive offers on new listings over a million dollars to increased interest in properties that have been on the market for a while. We’re also keeping a close eye on potential interest rate changes, with optimism around rates coming down soon. This could create more opportunities for both buyers and sellers in a market that feels balanced and full of potential. If you’re looking to buy or sell, or just want to chat about your neighbourhood’s unique market trends, our team is here to help.
In 2008, I had the opportunity to work with Anny and Martin, a couple who were part of a BGRS move. What started as a regular real estate transaction turned into something much more meaningful. Their positive attitude, trust, and openness made the experience memorable, and it ultimately shaped my career.
After helping them purchase their home, I realized how rewarding it was to work with military families. It wasn’t just about the transaction; it was about understanding their unique needs, especially during relocation. This experience led me to specialize in military real estate, and I’ve never looked back.
Sixteen years and four transactions later, Anny and Martin contacted me to list their home in Kingston. This wasn’t just another listing; it was a reminder of the ongoing relationship we had built and how much of my business I owe to them and others in the CAF community.
Working with military families is about more than just buying and selling homes—it’s about being there for them during significant transitions. Anny and Martin are a big reason I chose this path, and they continue to inspire me to do my best for every client.
Chris talks all things inventory, new listings, and whether it is a balanced market. For more detailed insights and advice, check out our latest update.
Relocating to Ottawa for a military assignment comes with its own set of challenges, one of which is finding convenient and efficient ways to commute to key locations such as the DND Headquarters on Carling Avenue and downtown Ottawa. For those who prefer to avoid the hassle of downtown parking and traffic, Ottawa offers several Park and Ride options that make the daily commute smoother and more efficient. Here’s a look at some of the best Park and Ride options and the transit times to major destinations using OC Transpo services.
Eagleson Park & Ride
To DND Headquarters:
Transit Time: Approximately 30-35 minutes.
Route: Take Route 63 or 64 directly to Tunney’s Pasture, then transfer to Route 66 or another bus heading towards Carling Avenue.
Details: Eagleson Park & Ride, located at Highway 417 and Eagleson Road, offers easy access to Connexion routes and has ample parking space.
To Downtown Ottawa (National Defence Headquarters):
Transit Time: Approximately 25-30 minutes.
Route: Take Route 63 or 64 directly to downtown.
Blair Park & Ride
To DND Headquarters:
Transit Time: Approximately 55-60 minutes.
Route: Take the O-Train Line 1 to Tunney’s Pasture, then transfer to Route 66 or another bus heading towards Carling Avenue.
Details: Situated in the east end, Blair Station is a key transit hub.
To Downtown Ottawa (National Defence Headquarters):
Transit Time: Approximately 20-25 minutes.
Route: Take the O-Train Line 1 directly to downtown.
Fallowfield Park & Ride
To DND Headquarters:
Transit Time: Approximately 40-45 minutes.
Route: Take Route 95 or 74 to Tunney’s Pasture, then transfer to Route 66 or another bus heading towards Carling Avenue.
Details: Located at 100 Via Park Place, Fallowfield Park & Ride offers free parking and is well-connected with Fallowfield Station for transit options.
To Downtown Ottawa (National Defence Headquarters):
Transit Time: Approximately 35-40 minutes.
Route: Take Route 95 or 74 directly to downtown.
Chapel Hill Park & Ride
To DND Headquarters:
Transit Time: Approximately 70-75 minutes.
Route: Take Route 32 or 33 to Blair Station, then transfer to the O-Train Line 1 to Tunney’s Pasture, followed by Route 66.
Details: Located at Brian Coburn Blvd and Navan Rd, it offers free parking and good transit connections.
To Downtown Ottawa (National Defence Headquarters):
Transit Time: Approximately 35-40 minutes.
Route: Take Route 32 or 33 to Blair Station, then transfer to the O-Train Line 1 to downtown.
Trim Park & Ride
To DND Headquarters:
Transit Time: Approximately 80-85 minutes.
Route: Take Route 39 to Blair Station, then transfer to the O-Train Line 1 to Tunney’s Pasture, followed by Route 66.
Details: This location is in the eastern outskirts, with direct transit routes available.
To Downtown Ottawa (National Defence Headquarters):
Transit Time: Approximately 45-50 minutes.
Route: Take Route 39 to Blair Station, then transfer to the O-Train Line 1 to downtown.
Making Your Commute Easier
Using Ottawa’s Park and Ride facilities can significantly reduce the stress and cost associated with daily commutes. The OC Transpo Travel Planner is an excellent tool for planning your route and ensuring you catch the next bus or train on time. By leveraging these Park and Ride options, military personnel can enjoy a more convenient and efficient commute, allowing them to focus on their important work at the DND Headquarters or downtown offices.
Here’s the newest Suburban Statistics Series update. We’re highlighting stats for the five biggest urban neighbourhoods in Ottawa. Since Ottawa is pretty spread out, it’s interesting to see how things vary in each area. These stats are all based on MLS OREB sales from January 1, 2023, to July 31, 2023, compared to the same period from January 1, 2024, to July 31, 2024.
