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Staying in Touch – October 2020

Ottawa Real Estate Market On The Move.

Happy Thanksgiving everyone! Take time to have fun outside and enjoy your special dinner.

The Fall market has continued to be strong and demand is still outweighing supply in many neighbourhoods. The average market price is still out performing last year’s market and provided that Covid-19 is controlled it looks like the Ottawa market will be in a good position (see our market update below). We are seeing more listings come on every day. It is more characteristic of the Spring market in Ottawa.

Helping clients with new builds allows us to see new trends, communities and pricing. Builders have done well and many have sold out and will release new lots available for 2021 and 2022 completion.

Changes in marketing homes such as 3D tours and virtual open houses is creating interest for buyers and making information more easily available. However, understanding the market can be difficult. Timing and presentation are critical. Ottawa has been found to be a ideal city to invest in because prices are still affordable and travelling time is reasonable to schools, parks, many amenities and work.

We see people valuing their homes more than ever. Dens, private yards, updated decor ! Our homes are becoming #1 with more people working from home and homeschooling.

We are here to answer any questions about the market (resale, new builds, investments) and help you make decisions on selling or purchasing. Feel free to call or email.

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