Courtesy of Eric Manherz

hat’s Driving Ottawa’s Market Right Now? W Key Trends Buyers and Sellers Should Know in 2025

After several years of market swings, Ottawa’s real estate scene is showing signs of renewed activity. With the Bank of Canada beginning to trim inter est rates in early June, buyer confidence is starting to return. Many who had been waiting on the sidelines are beginning to re-enter the market — creating opportunities (and competition) across various price points.

For Buyers:

The slight dip in mortgage rates can make a no ticeable difference in monthly payments, especially for first time buyers or those moving up to a larger home. But don't ex pect a dramatic price drop — low inventory means well-priced homes are still moving quickly. If you see a property you love, it’s smart to act fast, especially in established neighbourhoods. With more buyers in play, properly priced and well-presented homes are seeing strong interest — sometimes multiple offers. Now is a great time to prepare your home to stand out: declut ter, paint, update lighting, and showcase your outdoor space while it’s in bloom. We may be heading into a balanced market for the first time in years. This could mean more opportunities for both sides of the table. Whether you’re buying or selling, working with a local expert who understands neighbourhood trends is more valua ble than ever. For Sellers: Key Takeaway: