14 Jul July 2025 Newsletter – Staying in Touch
July 2025 Newsletter – Staying in Touch
Read the full issue of July 2025 Newsletter – Staying in Touch
Happy July!
July barbecues and festivals are here in Ottawa. A fantastic time to explore the many parks, neighborhoods and sites in our city. It’s amazing to be able to get fresh vegetables and fruit at many local markets.
Real estate market is moving but some areas more than others and particularly for homes under $900,000. Pricing realisticly is very important with the supply of homes increasing. It doesn’t work to over price your home in today’s market, it adds time to sell and in some cases can cause potential buyers to ask what is wrong with the house. The new rule forgoing the GST on new homes for first time buyers is positive, hopefully enough affordable homes can be built for them to purchase.
In June,sales in the Ottawa real estate market increased 10.6% when compared to June 2024. However, sales in the month of June decreased 11.34% from May 2025 and increased modestly, 3.8%, above the five year average. The MLS® HPI composite benchmark price for Ottawa in June rose 1.6% to $634,300 when compared to June 2024. New listings and the inventory of homes on the market have increased highlighting the importance of market value pricing, curb appeal, staging and professional marketing to get top dollar.
We highlight the Harmony House shelter in our community this month. If you can please support their summer children’s camp.
This month we’ve included:
- An Update on the Ottawa Real Estate market and Mortgage information: Downsizing or Rightsizing? Smart Moves for Your Next Chapter
- Articles:
- Market news and community events to enjoy in our city, including local markets
As always feel free to call and email with any questions and if you have a friend or family member that is thinking of buying or selling their home, please mention our name and we would be happy to provide a complimentary market analysis of their home to give them an idea of what it would sell for it today’s market. We are always appreciative of the referrals we receive from our clients.
Enjoy the Summer and our beautiful city with family and friends.
Joan, Victoria & Luc
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@JoanSmithRealEstateFamily 
@JoanSmithRealEstateFamily
Mrs. Joan Smith 
The Joan Smith Real Estate Family
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