26 Aug August 2025 Newsletter – Staying in Touch
August 2025 Newsletter – Staying in Touch
Read the full issue of August 2025 Newsletter – Staying in Touch
Happy August!
It’s already mid August and Summer is flying by! Hopefully we can all fit in a holiday or two before getting back to Fall routines and enjoy the beautiful weather in our City.
The market is doing its thing, the market share of homes under $900,000 is still the strongest. There are many first-time buyers looking but are finding it difficult to make a decision. There is good choice of homes and after buyers educate themselves they are making purchases. 2,549 new properties (all housing types) on the market in July 2025, an increase of approximately 11.7% when compared to July 2024. The average price for all sold propties in July in Ottawa was $695,209, up from 2.2% last year. Months of inventory rose slightly to 3.2 months, still considered to be a balanced market. For more market information read our 50 Years of Change and our newsletter.
We are supporting the Grassroot Grannies again this year with their upcoming Ride to Turn the Tide cycling even September 3rd and 4th. To get all the event information, and to donate if you can, please tap here.
This month we’ve included:
- An Update on the Ottawa market and Mortgage information: Top 3 Myths Holding People Back from Buying
- Articles: How to Make a Home Office to Inspire and Motivate, 4 Signs You’ve Outgrown Your Current Home, How to Determine the Market Value of Your Home
- Market news and community events to enjoy in our city, including the many local parks
Friends have your best interest at heart and many of our satisfied clients have referred their friends to us. We welcome new clients and thank them for considering us. Our objective is to listen carefully to our clients views and accommodate their needs to ensure we can achieve their goals.
Wishing you an enjoyable rest of your summer, and as always, for any real estate-related questions or concerns, please don’t hesitate to contact us. We are just a phone call or email away.
Joan, Victoria & Luc
Follow us on:
@JoanSmithRealEstateFamily 
@JoanSmithRealEstateFamily
Mrs. Joan Smith 
The Joan Smith Real Estate Family
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