Henga Nayeri's blog

Ottawa’s Real Estate Market Gaining Momentum Amid Rate Cuts

Ottawa’s real estate market is seeing a surge in activity as more listings become available and buyers regain confidence. According to Paul Czan, President of the Ottawa Real Estate Board (OREB), "Many buyers and sellers had been waiting for more conducive market conditions, but with the recent rate cut and potentially lower interest rates on the horizon, optimism is growing."

Interest Rates and Buyer Confidence

The recent Bank of Canada rate cut has played a significant role in reinvigorating buyer interest. Lower borrowing costs...

 Happy Chinese New Year’s Eve! 

As we say goodbye to the old year and welcome the Year of the Dragon, may your home be filled with happiness, prosperity, and good fortune! 

The Bank of Canada has just reduced ⬇️its policy interest rate by 25 basis points to 3% and announced the end of quantitative tightening.

This marks the sixth consecutive rate cut, aiming to support economic growth amid uncertainties like potential U.S. tariffs.
BANKOFCANADA.CA

For homebuyers and homeowners, this could mean more affordable borrowing costs. Now might be a great time to explore your options!

#BankofCanada #InterestRates #Economy #HomeBuying #MortgageRates

As we enter 2025, Ottawa’s real estate market finds itself at a turning point. The past year was defined by caution, as many buyers and sellers adopted a wait-and-see approach amid fluctuating economic conditions. However, the latter half of 2024 brought signs of recovery, sparking optimism for the months ahead.

Key changes, such as consecutive interest rate cuts, increased insured mortgage limits, and extended amortization periods, have started to reshape the landscape for buyers. These measures aim to ease affordability pressures and make homeownership more attainable for Canadians. Yet,...

It's time to fill out your Vacant Unit Tax Declaration Form here is the link for your convenience

The Ottawa real estate market is showing signs of recovery after the slowdown experienced in 2023. According to OREB Past-President Curtis Fillier, "Ottawa’s market is making headway on a long road back from the slowdown experienced in 2023." While the road ahead may still have challenges, both buyers and sellers can find opportunities in the current landscape.

Market Trends and Buyer Behavior Buyers have been cautious in their return to the market, closely watching as interest rates continue to lower. Many are also awaiting December’s upcoming mortgage rule changes, including extended...

The Bank of Canada recently cut its policy interest rate by 50 basis points to 3.25%, signaling a shift toward economic stabilization. After a period of high rates peaking at 5% in 2023 to combat inflation, this move aims to support growth while bringing inflation closer to the 2% target. Economists predict further gradual cuts into 2025, potentially reaching 2%. While the rate cut provides relief for borrowers, it could spark renewed concerns about housing affordability as market activity increases.

While many consider spring the prime season for selling homes, the holidays offer unique advantages. With fewer homes on the market, sellers face less competition, while buyers tend to be more motivated, often driven by job transfers or year-end tax benefits. Holiday decor and cozy atmospheres can emotionally appeal to buyers, making properties feel inviting and warm.

Selling during this time can help your home stand out and attract serious buyers, ensuring a faster and smoother transaction. Consider listing your home this holiday season!