What happened in the Ottawa market in March 2024? As we dive into spring, take a look at the Ottawa market trends of March 2024 as gathered by the Ottawa Real Estate Board (OREB). This past March, the market continued its upward trajectory, with the number of homes sold via the MLS® System. And looking at our year-to-date data, the number of homes sold has seen a 13.1% increase with 2,678 units sold over the first three months of 2024.  Home prices experienced a solid appreciation, with both the benchmark prices and the average price of homes sold seeing growth as compared to March 20 ..read more

What happened in the Ottawa market in February 2024? Explore the latest trends in Ottawa’s real estate market, as reported by the Ottawa Real Estate Board (OREB). February saw a notable increase in both home sales and listing activity compared to the same period last year, demonstrating promising growth. We saw a steady appreciation in prices, demonstrating an increase in buying confidence and an increase in transactions. With this steady appreciation, the MLS® Home Price Index (HPI) reflects an upward trajectory in the overall composite benchmark price at $628.500, a 2.8% increa ..read more

Let's refresh on the numbers for our Ottawa market updates Navigating Ottawa’s real estate market demands a clear grasp of property valuation methods. If you’re following us on social media, you may have noticed our Ottawa market updates adopting a fresh look. This shift reflects the Ottawa Real Estate Board’s (OREB) adoption of the Canadian Real Estate Association (CREA) MLS® Home Price Index (HPI) reporting system. What does this mean for you? The OREB now divides the numbers into three categories. This transition from the conventional freehold and condo classificatio ..read more

Did you know that 9 out of 10 millionaires get rich from real estate? And the reason is not far-fetched. Real estate investment is one of the earlier and most stable forms of investment since you can make money in multiple ways, including house flipping and renting out. Yes, it has its ups and downs, however, you can’t compare a stock market crash to a real estate crash. That’s why we want you to consider investing in the Ottawa housing market! What attracts investors to the Ottawa housing market? The Ottawa housing market provides a stable opportunity to any investor, no matter your exper ..read more

What does this mean? In January 2024, the Ottawa market (as provided by the OREB) saw home sales increase by 16.5% compared to January 2023, totalling 629 units. The MLS® Home Price Index (HPI), which offers a more accurate portrayal of price trends, showed a 3.2% gain in the overall composite benchmark price, reaching $621,600 compared to the previous year. Single-family homes saw a 3.7% increase with a benchmark price of $703,500, while townhouse/row unit prices decreased by 2.1% to $462,200, and apartment prices increased by 3.7% to $418,500. The average price of homes sold was $631 ..read more

What do these numbers mean for you? Let’s review at the numbers for the Ottawa market for past 12 months.  Going into 2023, housing prices saw a slight decrease compared to the previous year. However, prices steadily increased month-to-month and by June, we started to see a gain compared to 2022. While the average sales price in Ottawa saw a slight decrease in 2023, don’t let this mislead you! In September, the Ottawa Real Estate Board (OREB) started utilizing the MLS® Home Price Index (HPI). This provids more comprehensive statistics regarding home sale prices. We can ..read more

Hidden Costs When Buying a Home in Ottawa Buying or selling a home is one of the largest financial transactions you will ever make. It may even seem daunting or overwhelming. But it doesn’t have to feel that way. When considering all the fees and any potential hidden costs to watch out for when buying a home in Ottawa, knowledge is power! A home purchase or sale goes beyond just the listing price of the property. There are a number of other costs to factor into your overall budget. To help you avoid any unnecessary surprises when buying or selling a home, I have outlined a few of the additio ..read more

BUYING A HOME IN KANATA One of the most wonderful things about buying a home in Ottawa is the diversity it offers! From downtown condos to suburban family homes and townhouses, our city has it all. Farmland, hiking trails, and green space border the suburbs that surround the city. This makes them the perfect choice for the city slicker who enjoys spending lots of time in nature. With its proximity to Ottawa’s Greenbelt, the lively suburban neighbourhood of Kanata provides the best of both worlds! The community of Kanata can be found approximately 22 kilometres west of Ottawa’s downtown core. K ..read more

 Are you looking to buy a home in Orleans? Welcome to Shaunna McIntosh, Ottawa REALTOR ® – Royal Lepage Team Realty, Brokerage. Ottawa is a city of multitudes, offering something for everyone. Whether you are a city-dweller looking for a perfectly located apartment in the city’s downtown core. A family searching for your first home close to the best Ottawa schools or a couple looking to retire and downsize to a beautiful condo with hardwood floors and modern appliances. You will be able to find it all here in Orleans. One of the top neighbourhoods in Ottawa to search for homes is Orleans ..read more

5 Steps to Buying Your First Home in Ottawa   As a young adult, buying your first home can be an exciting and challenging process. With many different factors to take into account, such as preferred location, price range and desired amenities, it’s easy to get overwhelmed. However, armed with the right knowledge and preparation, you can make this process much smoother than you might expect. Read on for helpful tips on how to buy your first home in Ottawa. If you’re ready to buy your first home in Ottawa and are looking forward to a long future there, now is the perfect time! Thanks to its ..read more