Courtesy of Eric Manherz

Eric’s Corner Top 2% of 18,000 agents in Canada

April, 2025

As we reach the end of March this year people keep asking how all the turmoil with tariffs and the election and interest rates will affect the Ottawa Real Estate Market and that’s a very good question. While it has seemed quite busy of late for us with places selling quite well, some of our colleagues have been finding the market a bit slow, which often happens during an election call period. If I look at the stats for last week though there were 420 new listings, 518 sales and 143 price increases. Compare that to the same week last year when there were 442 new listings and 531 sales and 100 price decreases. It doesn’t really seem much different despite all the turmoil except the price decreases are up 50% over last year, which is from their listing price though, not average sale prices. Prices seem very stable overall. So really, it’s still a fairly balanced market without a high inventory where buyers are still very price sensitive (note the price decreases), so pricing a listing is of utmost importance in order to get a sale. That’s pretty much always the case but every one’s situation is different. So if you’re at all thinking about a move don’t hesitate to give us a call to see where you stand at the moment.