Henga Nayeri's blog

As we step further into the spring season, Ottawa’s real estate market is showing signs of renewed activity—even as we navigate the effects of lingering caution among buyers and a shifting market landscape.

April 2025 saw 1,306 homes sold, an 11.2% decrease from the same time last year. While this year-over-year dip might seem discouraging at first glance, there's a bright spot: sales were up from March, pointing to growing momentum as we head into the heart of the spring market.

 What the Numbers Are Telling Us:

• Months of Inventory rose to 3.7 (up from 2.2 in...

The Bank of Canada has decided to keep its benchmark interest rate steady at 2.75%, pausing its series of rate cuts for the first time since June. This cautious move comes as global trade tensions, particularly the United States’ unpredictable tariff policies, cast uncertainty over the Canadian economy.

Governor Tiff Macklem emphasized that the future impact of these trade conflicts remains unclear, making it difficult to predict whether inflation will rise or the economy will slow. In response, the Bank is preparing for two possible outcomes: a quick resolution with minimal economic...

Ottawa Real Estate Update: Your Guide to Navigating the Spring Market in 2025

The Ottawa housing market in March 2025 has remained relatively stable, with sales activity slightly lower than the same period last year. However, there’s a noticeable shift as the spring market picks up momentum. While both buyers and sellers are exercising caution—likely due to economic uncertainty and the upcoming election—lower interest rates are encouraging more activity and drawing people off the sidelines.

For those thinking about buying or selling, now could be an excellent time to make a move. With...

"Ottawa’s sales activity moderated while prices held steady,” says OREB President Paul Czan. “Despite increased inventory, market uncertainty continues to influence buyer and seller decisions. Some sellers who had previously delayed listing are now entering the market, contributing to more options for buyers. While demand remains strong in certain price segments, the pace of sales varies, making strategic pricing and preparation key for sellers.”
“The Bank of Canada’s influence on borrowing power, ongoing economic factors like tariffs, and the potential impact of upcoming elections are...

Canada’s Average Housing Prices in February 2025: What You Need to Know

As we step into 2025, Canada's housing market is showing some interesting trends. February’s data reveals key insights into the current state of the real estate market, whether you're considering buying or selling a home.

In February 2025, average home prices across Canada have seen both increases and decreases depending on the region. Larger cities like Toronto and Vancouver continue to see higher-than-average prices, while some smaller markets are experiencing more moderate changes. Overall, it’s a market that’s...

Today, the Bank of Canada reduced its target for the overnight rate to 2.75% in response to global trade tensions and evolving economic conditions. While Canada’s economy showed solid growth in late 2024, rising tariffs and uncertainty from the U.S. are expected to slow growth and add inflationary pressures.

The Bank remains focused on maintaining price stability, despite challenges. The rate cut aims to support economic activity and mitigate the effects of trade conflicts. Stay tuned for updates on how this could impact inflation and the job market.

In January 2025, Canada’s housing market experienced notable shifts, with new supply rising sharply by 11% compared to December 2024. This marked the largest seasonal increase in new listings since the late 1980s, signaling more options for prospective buyers.

However, sales activity saw a 3.3% dip month-over-month, largely driven by a slowdown in the final week of January. Analysts attribute this to rising uncertainty surrounding the possibility of a trade war with the U.S. As a result, the market softened, especially in British Columbia and Ontario.

Despite the decline in sales, home...

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...