Posts Tagged ‘Ottawa Housing Market’

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.

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.

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.

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.

Join Colin for a quick update on the latest happenings in Ottawa and beyond. With national unemployment rates and recent changes in the Bank of Canada’s lending rate, the real estate market is experiencing some interesting shifts. Buyers are finding more options, while sellers need to focus on making their properties stand out. For more detailed insights and advice, check out our latest update.