September sales hold steady for the Ottawa real estate market. September is the usual time for families to be preoccupied with back to school and extracurricular activities starting up again so, it's normal to see a little bit of a slowdown in activity with sales.  Inventory has increased by 9.8% compared to last year this time and that means buyers have more choice. With more choice, that means more days on the market for sellers. If you've been following my market updates this year, you know that the average residential sale price has been hovering around the mid $700’s. Did you know th ..read more

The resale market stalls in August for the Ottawa real estate market. In August, we saw a 6% increase in sales volume over August last year and a total of 1196 properties sold. These numbers are still well below the five-year average for properties sold.  Higher borrowing costs with rates hovering around 6% on average has some buyers and sellers holding back. However, the Bank of Canada's recent September announcement where they held the rate could be a good thing for the fall market.  The average residential sale price was just under $710 000 and that is a 0.5% increase from last ye ..read more

No summer slowdown in July for the Ottawa real estate market!  Ottawa Real Estate Board members sold 1263 properties in July. More importantly, that shows the sales volume and the average prices are up over July, 2022.  The average residential sale price was just over $754 000 and that's an increase of 5% from last year this time and a 1% increase from last month. The average condominium sale price is just over $435 000 and that's an increase of 2% from last year this time. There is more inventory on the market but it's not enough to be in a balanced market yet. However, home buyers ..read more

The number of properties sold in Ottawa is up again for the month of June! Let’s chat about what’s happening in the Ottawa real estate market.  There was an 11% increase in properties sold compared to this time last year. Keep in mind that last year this time, it was the beginning of interest rate hikes and fear took over the market. Sales halted.  The average freehold property sold just over $746 000 and that is a decrease of 4% from last year this time. The average condominium property sold at just over $448 000 and that is an increase of 2% from last year this time. Inventory has ..read more

The Ottawa spring market is here and May did not disappoint with a 6% increase in sales volume.  Inventory remains low causing a seller's market. In fact, we had less inventory in May than we did in April. In certain neighborhoods, we are continuing to see multiple offers. The days on market have also decreased for sellers. On average, a freehold property is staying on the market for 23 days and 26 days on the market for condos. The average residential sale price was just under $746 000 and that is a decrease of 7% from last year this time, although it is very similar to April's pric ..read more

April showers might bring May flowers but where are all the listings? The Ottawa real estate market is heading into an inventory problem. I'm Liza Wilson, trusted real estate advisor, and this is your April 2023, Ottawa real estate market update. Ottawa Real Estate Board members sold 1488 properties in the month of April. Although that number is lower than this time last year, the “Ottawa’s resale market is on a steady upward trajectory,” said the Ottawa real estate board president himself in the monthly board report. The average residential sale price is up 13.9% since December of 2022. Inven ..read more

The spring market is in full swing for the Ottawa real estate market. I'm Liza Wilson, trusted real estate advisor, and I help families upsize their homes in the Ottawa area. It's no secret that people love to buy and sell in the spring. Why? Winter hibernation is done. Better weather is ahead. The school year is about to finish making it easier for families to make a move. Inventory is down again. The decrease in inventory and the increase in buyer demand creates some multiple offer situations which my team has experienced in March. The days on market for sellers has decreased to 34 days. The ..read more

The spring market has arrived and this is your February, 2023, Ottawa real estate market update. I'm Liza Wilson, trusted real estate advisor, and I help families in the Ottawa area upsize their homes. Here’s three signs the spring market has arrived in Ottawa: Inventory has decreased. We've gone from 3.8 months of inventory to 2.8 months of inventory which means buyers have been out there looking and buying. If the inventory doesn't increase, we could see more competition between buyers. The average sale price for a residential home has increased for the second month in a row. It is up 5% fo ..read more

As a Barrhaven resident for the past decade, I can tell you it is a great place to raise a family for many reasons. Located in the southwest part of Ottawa, there’s a mix of new and older neighbourhoods along with businesses to suit all your needs. I personally enjoy the access to amenities within walking distance and the ability to be active in nature. For my children, they like the abundance of parks and family friendly activities. Barrhaven also has many schools to allow families the choice of Catholic, public, private, French public or French Catholic school systems. Here are 10 reasons to ..read more

“Quiet December caps off Tumultuous Year” was the title of the Ottawa Real Estate Board's market update for December, 2022. Let’s dive into the details of what made 2022 a year to remember in the Ottawa real estate market. I'm Liza Wilson, trusted real estate advisor, and I help families in the Ottawa area make their best move. It was certainly a year to remember in real estate. We started off with record low interest rates at the beginning of 2022 and an extreme low in inventory. No homes to buy and almost “free money” meant home prices skyrocketed. As rates started to increase and inventory ..read more