13 Jun Staying in Touch – June 2025 Newsletter
Staying in Touch – June 2025 Newsletter
Read the full issue of Staying in Touch – June 2025
Happy June & Father’s Day!
It’s hard to belive that June is here and we are just about half way through 2025! As students get ready for the end of the school year and many graduate, it is a great time to celebrate and reflect on our achievements and plans for the remainder of the year.
The value of real estate provides unique benefits beyond other financial assets that can’t be measured by stats alone. If the stock market goes down, investors can be left wondering if they will ever recoup their value. If the housing market goes down, home owners still have their major asset – the home they bought and in which they live.
The Ottawa real estate market is active and in some neighborhoods more than others. Sales in the month of May picked up from the previous month, approximately a 33.1% increase but a more modest increase from May 2024, approximately 14.9% and 2.5% above the five year average. The MLS® HPI composite benchmark price for Ottawa in May rose 0.8% to $629,900 when compared to May 2024. Year to date, home sales remain steady and in line with 2024. The increase in activity in May suggests an increase in buyers’ and sellers’ confidence. We are also seeing an increase in inventory which means that homes that are prepared well, priced to reflect neighborhood value and marketed professionally are selling well.
As most people know one the advantages of homeownership is the ability to build equity. However, just the passing of time isn’t enough to fully maximize your investment, maintaining your home is key to being able to sell for the highest possible price. From a purchaser’s point of view, a home that has been well maintained and updated has more appeal, is attractive to many and gives buyer’s confidence to make a good offer. If you need some input on updates to make to enhance value and marketability please feel free to contact us. We can also provide some professional contacts to assist you, whether that be painters, landscapers, handyman, etc.
Happy Father’s Day to all Fathers, Grandfathers and all who play a fatherly role! If you can, please support the Canadian wildfire relief efforts or Forests Canada to ensure the long-term health and resiliency of our forests today, and for future generations.
This month we’ve included:
- An Update on the Ottawa Real Estate market and Mortgage information: Mortgage Approval
- Articles:
- Market news and community events to enjoy in our city, including several Father’s day events, festivals & coming Canada Day celebrations
As always feel free to call and email with any questions or to chat to catch up, we would love to hear from you. Enjoy the Summer!
Joan, Victoria & Luc
Follow us on:
@JoanSmithRealEstateFamily 
@JoanSmithRealEstateFamily
Mrs. Joan Smith 
The Joan Smith Real Estate Family
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