11 Dec Staying in Touch – December 2024 Newsletter

Posted at 15:13h in Blog, Buyer Tips, Home decor, Homeowner Tips, In the Community, Investment Properties, Market Update, Market Value, Mortgages, Moving Tips, New Build Construction, Newsletter, Ottawa neighbourhoods, Press, Renovations, Selling Tips by jsmith

Staying in Touch – December 2024 Newsletter

Read the full issue of Staying in Touch – December 2024

December Christmas in Ottawa 2024

Happy December & Holidays!

December is a wonderful time of the year to celebrate with family and friends and enjoy our homes. For many of us, it’s an opportunity to decorate our homes and welcome guests, spend sometime setting goals for the new year and accomplishing a few tasks around our homes.

Generally the market has been sluggish and in recovery mode despite the third consecutive interest rate cut. While we may not see significant price appreciation in the fourth quarter of this year, typical of a more traditional market, Royal LePage believes prices will increase in an early Spring market in 2025. The Royal LePage forecasts property price appreciation in 2025 of about 4% in the fourth quarter of 2025 in Ottawa. A reminder, key is to look at specific neighborhoods, we are still seeing some competing offers situations for those homes that are in good condition, priced to reflect the neighborhood and in a good location.

If you are thinking of making a change, take some time over the holidays to make a plan and to get a head start. Here is why winter might be the perfect time to list your home for sale or purchase your next home.

It is the time of giving and we are very proud of Royal LePage’s Shelter Foundation and the support it gives to programs to help prevent partner violence and to assist women and children heal after experiencing abuse. This holiday season we are supporting the Shelter Foundation, the Kanata Food Cupboard & Toy Mountain.

This month we’ve included: