Nick Gagnon : Blog : Latest Blog Posts

On the surface, the market report looks strong compared to April, however, the May/Spring market is not shaping up as it normally does. Sales are down over 10% year-over-year, with months of inventory and days on market both higher than in May 2025. Overa

Tue, 09 Jun 2026 11:57:30 GMT

New Lease Listing!

Sat, 06 Jun 2026 16:37:11 GMT

Within hours, the phone has been ringing off the hook! This beauty 2024 Tamarack home located in Findlay Creek has so much to offer and is the perfect place for a young family or couple looking to rent.

Victoria Street is now sold! 13 showings in less than a week, congrats to my sellers as they move on to the next chapter in their lives!

Sat, 06 Jun 2026 14:33:08 GMT

My newest Listing!

Sun, 24 May 2026 16:34:01 GMT

Solid 2014 High Ranch Bungalow in charming Metcalfe!

Just Purchased!

Wed, 20 May 2026 00:59:58 GMT

Spectacular!

Throughout my career in real estate, few properties have taken my breath away like this stunning beauty! After several months of negotiation and perseverance, we finally secured this absolute gem of a home! I cannot describe how happy I am for my client - an absolute pleasure to deal with and just a truly remarkable human being. I can't wait to visit!!!!

Join me at the Open House this Saturday from 2-4 at my newest listing, 902 Elizabeth Street in Curran!

Thu, 14 May 2026 13:55:17 GMT

1845 square feet above grade, plus large additional living space below grade
3+1 Bed
2 Bath
Double car garage with additional back garage door with inside-entry
Large 145x204 fully-fenced lot, backing onto trees!
Whole-home generator, plus many major updates including new above ground pool!

April Market Report

Fri, 08 May 2026 20:02:04 GMT

We're right in the thick of the spring market! As expected, sales activity for April has increased, but overall the market is a bit softer than previous recent years. All three major segments of the market remain in balanced territory; Single-Family at 3.1 months of inventory, Townhomes at 3.0 and Apartments at 4.9; but the rise in sales are not offsetting the increase in listings. Active listings end-of-month were 4535, a rise of 17+%, and the sales to listings ratio is down to 41%. Understanding the segment of the market you're involved in, is critical to both maximizing value for selling and being able to negotiate the best terms for purchasing.

Just Sold

Fri, 08 May 2026 12:29:13 GMT

This charming country home is no longer available. A big heartfelt congrats to my seller, one of the best clients I've ever had the pleasure to work with! On to the next chapter in her life.

Beauty 2019 Tamarack (Ottawa Builder of the Year) Freehold Town, 2 bed, 2.5 bath right in the heart of Findlay Creek!

Mon, 27 Apr 2026 21:27:12 GMT

Just Purchased!

Fri, 24 Apr 2026 20:25:20 GMT

A big congratulations goes to my buyer on this fantastic home with a one-of-a-kind lot and outstanding backyard! It wasn't easy, we beat-out two competing offers, but this one was so worth it. And the best part is - he's now walking distance to his grandson!

March Monthly Report

Wed, 15 Apr 2026 20:15:20 GMT

2026 March was not as brisk as March of last year: volume of sales, months of inventory and new listings are all slightly bearish, however, these ranges are all within the statistics of the last five years. Seasonality is in affect as we kickstart the spring market, prices have pulled the YTD average for all properties up to 670k (approximately 17k higher than the YTD at the end of February), marking a slightly negative .9% y/y (from a -2.5% in the preceding month). All-in-all, the Ottawa residential market is in a healthy balanced state with months of inventory ranging from 2.8 (townhomes) to 5.5 (apartments).

As always, it's important to understand that within each segment, market activity can vary widely based on a number of factors - a 1920 row house on one street can sell quite differently than a competing property two streets over.

Third Year in a Row Gold Winner!

Tue, 14 Apr 2026 19:28:11 GMT

Visit the original posting...

Just Listed!

Mon, 23 Mar 2026 20:51:09 GMT

February Market Report

Fri, 06 Mar 2026 23:04:53 GMT

The market is quite interesting! Coming off an extremely slow winter and stagnant January of this year, February is the leading indicator toward a brisk spring market. Despite the # of active listings at the end of February 2026 being 11% higher than February of last year, the lack of new properties coming to market and renewed buyer appetite has reversed the overall several-month uptrend of days on market and months of inventory. The median days on market for February dropped down to 24 from 49. Apartment condos which had ballooned up to 7.8 months of inventory, is now down to 5.6 - a reduction of over two months worth of supply within one month; townhomes drifted downward to 2.7 months of inventory (a reduction of .6 from 3.3.); single-family homes sit at 4.3 months of inventory. All signs are pointing toward a healthy, but relatively balanced market for Spring of 2026.

Any questions? Drop me a line at any time. :)

January Market Report

Wed, 18 Feb 2026 02:16:37 GMT

First Market Report for 2026!

The Ottawa Residential market continues to be a tale of 3 cities (Singles, Apartments and Townhomes). Overall, January saw a modest uptick in sales since the previous month; SFH sales were down 13.8% y/y, but prices remained the most resilient as the median Single Family home price was relatively unchanged at 750k; townhomes had the lowest months of inventory at just 3.3 months, as buyers scooped up towns with a 6.4% increase in the number of towns sold over January of 2025 but prices were down year/year to 3.4% (on a median-basis); apartments continue to struggle the most out of the three segments as prices were down 12% y/y and months of inventory for apartments is now at 6.8 months (6 months is a buyer's market). It's important to understand that specific property areas can outperform/underperform, relative to its respective asset class - for example an apartment condo's price resilience, days on market, demand, etc. can vary significantly building-to-building. Overall the Ottawa market is a healthy market, giving buyer's choice to find the right home that suits their needs.

December Market Report!

Wed, 07 Jan 2026 22:32:58 GMT

As we close out 2025 and welcome the New Year (but avoid the weight scale!), it’s time to reflect on real estate in Ottawa. December is characterized by seasonal slowness; this year the Ottawa residential market demonstrated greater sluggishness than usual as inventory levels and days on market both increased at a greater rate than Decembers of recent past years. Buyers are increasingly gaining more leverage - 4.3 active months of inventory the highest number since 2016 (when December was at 5.7 months of inventory) and apartments representing the highest level of supply at 7.9 months - it will be interesting to see if the early start of 2026 will reverse buyer caution to slow the uptick in inventory levels across all residential property types. Prices, while stable on a YTD basis (2.8 increase as a whole), have gradually ticked down in the latter half of 2025.

November Market Stats

Mon, 15 Dec 2025 21:46:12 GMT

November market stats are out. Over the last several weeks, the residential Ottawa market has slowed down considerably, even beyond typical seasonality. Despite this market softening, prices have held up, as the residential market is up 3% YTD with Single-Family Homes leading the charge at 4.0%. Now sitting at 4.2 months of inventory, with apartment condos the highest at 7 months, there is a lot of buyer choice with with over 3700 active listings in November - the highest since 2016.

It will be interesting to see how the winter months shape up and whether selling activity reduces or expands existing inventory on the market. For those buyers willing to look at homes around the holidays, there is opportunity for bargain-shopping, especially properties that have been sitting on the market for a long time.

Congrats to my client for the quick lease of his beautiful country home!

Sun, 23 Nov 2025 20:38:46 GMT

October Market Report

Fri, 07 Nov 2025 22:39:28 GMT

The President of the Ottawa board summarized the month quite nicely: "Overall, Ottawa continues to display a pattern of measured balance, modestly improving demand, steady prices, and a market environment that remains fundamentally healthy as it heads toward year-end."

Despite seeing both an increase in listings since October 2024, and a decrease in sales compared to October 2024, the October market was resilient with an increase of sales of 2.6% versus September and prices edging up higher YTD to 3% y/y (for all properties as a whole). Months of inventory are still sticky sitting at 3.6 months, with months of inventory for apartment style condos now at 5.6 months - just on the cusp of the 6 months+ (definition of a buyer's market).

Whew! 24 showings in 3 days! But we managed to find the perfect spot, welcome to Ottawa!

Thu, 06 Nov 2025 18:16:01 GMT

Just Listed! This charming century home in North Gower is available for rent!

Tue, 04 Nov 2025 21:15:03 GMT

September Market Report

Sat, 11 Oct 2025 18:50:59 GMT

Despite y/y prices for the total market still being up 2.7%, September's activity is a sign of continued slowing-down heading into the end of the year. Sales were up for the month versus last year, but the rise in new listings is very telling with only a 38.5% ratio of sales to new listings (a drop of over 6% versus last year), months of inventory creeping up to 4.0, and the number of active listings for the month of September being 4388.

These are the highest levels of active listings and months of inventory since 2016.

Townhome inventory for September-only is just 2.3 (almost in seller market territory) and every metric for townhomes presents a much different picture than apartment-condos where the months of inventory is now up to 5.1. Within each segment it's important to understand the all the property-specifics of each home in its respective market.

Just Purchased!

Sun, 05 Oct 2025 19:30:47 GMT

Congrats to my awesome first-time home buyers! This is amazing property, in one of the best condition of homes for its age that I've seen - all-in-all, a fantastic purchase! I can't wait to see how everything looks when Pat and Hannah move in and start adding their personal touches.

8833 Copeland Road, featuring nearly 3000 square feet of livable space, on 2.55 acres just outside Stittsville!

Sun, 07 Sep 2025 23:53:34 GMT

This home has it all!

Triple Car, Fully-Insulated and Heated Garage with Epoxy Flooring!

Large Primary Bedroom featuring a very generous WIC and 5 pcs Ensuite!

Not One, but Two Junior Suites featuring their own Ensuite Bath

A Fantastic Basement Rec Space with Bar featuring 9 Ft Ceilings and a Spacious Gym that could be a 4th Bedroom

Private Lot surrounded by Trees!

This beauty condo at The Hudson is now sold! I hope the buyer enjoys the views as much as I did.

Mon, 18 Aug 2025 19:34:41 GMT

July Market Commentary

Mon, 11 Aug 2025 14:29:10 GMT

July Market Stats are out! No one living in Ottawa needs a reminder that we're in the dog days of summer - hopefully your AC is working!

Late July typically experiences a summer-lull as buyers and sellers go away on holidays and are pre-occupied with other family commitments.

The summer slowdown has brought an increased level of inventory with 4205 active listings on the market, an increase of 14% over 2024, further demonstrated by the increase in months of inventory now at 3.2 (right in the middle of a balanced market) and the highest since 2017 (months of inventory in July were 3.3). The sales activity is relatively strong, as July had the highest number of sales since 2021, with prices remaining resilient - SFH (Single Family) up 2% y/y, apartments dropping 1.6% y/y and townhomes representing the biggest increase by far with an 8.3% increase y/y. As always, specific properties even within each segment, can perform quite differently based on a number of factors (specific location/build, builder, condition, amenities, etc.) and it's important to look at market aggregates as a representative of the market as a whole, and not for evaluating specific properties.

Congrats to my buyers on this fantastic home, beating out five other offers! A solid, solid purchase!

Thu, 31 Jul 2025 12:18:20 GMT

Just Purchased!

Mon, 21 Jul 2025 13:57:23 GMT

I'd like to say a big congrats to my buyers on purchasing their forever home, I couldn't be more happier for them. I know they'll love it here!

Congrats to my sellers, with this beauty town sold over asking. Onward to the next chapter! :)

Fri, 11 Jul 2025 01:57:19 GMT

June Market Report

Tue, 08 Jul 2025 23:54:10 GMT

Bammo! The Residential Market Report in June really was a tale of two cities - freehold residential properties, which were very strong - 5.2% year/year, and apartment style condos which continue to struggle, with months of inventory for apartment condos now up to 4.2 (versus 2.3 for townhomes). June sales as the market as a whole was strong, sales were up 3.8% above the five year average and new listings increased 14% year/year. It's important to note that despite a higher level of relative listings, that the market is still very property-specific and certain areas, style of homes, builder, etc. can produce very different selling results

Congrats to my buyer on her fantastic purchase of this charming Campeau home with loads of potential!

Mon, 16 Jun 2025 12:25:18 GMT

May Market Report

Mon, 09 Jun 2025 22:44:31 GMT

Spring is finally here! May weather is making up for April’s inclement weather, and buyers (much alike to June bugs out of hibernation) are coming out of the woodwork. Days on Market are down, sales and listings are both up; y/y but especially so over April. Active listings have surged to over 50% higher than the five year average, but despite this the home price index for all property classes is higher y/y, with the exception of apartment-stlye condos. It’s important to note that averages do not reflect property-specific characteristics, when evaluating homes for sale. Homes that are marketed well and priced accordingly, are demonstrating very strong sales.

Just Listed! This beauty probably won’t last long!

Sat, 31 May 2025 18:12:19 GMT

Exclusive Condo Development - Evergreen on Blackburn!

Fri, 23 May 2025 18:32:05 GMT

Windmill developments has an exclusive window on this new construction, right in the heart of Sandy Hill. Beautfiul condos with Spring 2028 completion date! Reach out for more details!

Sold!

Fri, 09 May 2025 23:45:56 GMT

Congrats to my seller on the firm sale of her beautiful home! 25 years of family gatherings, easter dinners and backyard entertaining will forever me immortalized and cherished and she prepares for the next stage in her life. And although it might feel bitter sweet leaving our home after such a long time, today marks a new chapter to not only create new lasting memoires with friends and family, but also meet new friends we haven't yet met along the way.

April Market Report.

Thu, 08 May 2025 14:39:38 GMT

The Ottawa market report is out! As expected, April sales and listings are up in the last month as we enter the spring market, these numbers are a lower relative increase when compared to historical selling activity (new listings and sales both down) as the market slowly ticks up in activity. Months of inventory is now at 3.7 for April, as the residential market gets closer and closer to parity for buyers and sellers (parity). It’s important to understand that certain neighborhoods and style of homes sell much more differently than others. Homes that are priced well, show well, can sell quickly (within a day) and even with multiple offers (including no conditions).

Ottawa Market Stats are out!

Wed, 09 Apr 2025 19:29:07 GMT

A bit slower-than-average March kicks off the Spring Real Estate market. Active listings are up over 60% y/y, as reflected in months of inventory, which improved over February, is the highest in years (with the range from 2019 of 1.8 to last year of 2.3). It’s important to understand that these averages represent the class as a whole, and certain pockets and style of homes can be much more competitive than others. Buyers continue to reap the benefit of a continual downward trend in interest rates (borrowing costs) and increased supply (choice).

Congrats to my buyers on the purchase of this stunning DT condo, what a beaut!

Wed, 09 Apr 2025 01:23:54 GMT

2024 Gold Winner

Tue, 01 Apr 2025 19:13:26 GMT

2024 was another stellar year in my real estate career. A special thank you to my colleagues at Right at Home, my clients for trusting my advice, and my family for their understanding and flexibility in allowing me to do what I love everyday!

February Market Report.

Wed, 12 Mar 2025 20:26:36 GMT

Coupled with today’s rate cut announcement, the Ottawa market stats for February paint an interesting picture. Buyer choice (months of inventory) remains very high and with continual downward pressure on interest rates, buyers reap the benefit of lower mortgage cost and more options for homes. Sellers that had previously delayed listings (or relisting from last year which didn’t sell), are coming to market increasing supply suggesting more inventory and choice for buyers. Some segments of the market continue to experience very strong demand - it’s important to understand that the housing market stats can vary considerably based on property type and location.

Just Listed!

Thu, 06 Mar 2025 13:10:45 GMT

Congrats to my buyer!

Wed, 19 Feb 2025 16:37:05 GMT

Nearly two years in the making, we found the perfect place to call home. :) Christmas, birthday parties, young cousins playing, and of course big Greek and Italian family dinners!! I know my buyer will love it here for years to come. I just hope I get some leftovers! :D

Just Purchased!

Sat, 15 Feb 2025 22:43:32 GMT

This one hits close to home! Congrats to a very special buyer on the purchase of her dynamite condo, a rare gem with stunning amentinities and unique charm! This is an absolute beauty and I know she'll love it her for many years to come!

Ottawa Market Stats are out!

Sat, 08 Feb 2025 17:30:54 GMT

Inventory has increased, shooting up to the highest level since 2017 as we approach close to a buyer’s market based on months of inventory. This should be taken with a grain of salt, as different neighborhood and styles of home remain more competitive than others. With the latest interest rate drop, coupled with dropping bond yields the longer-term fixed rates (5+ out) have made it more enticing for buyers to jump into the market.

BOC Rate Drop.

Wed, 29 Jan 2025 20:24:30 GMT

Despite Tariff threats, underlying softness in the economy (unemployment at 6.7% but gradually improving) were enough for the BOC to make a small drop. The BOC warns that a Tariff war could lead to lower efficiency, growth and output, but higher inflation caused by rising import prices. The next BOC decision isn’t until March and the Bank will have time to assess any geopolitical changes in Canada/US.

December Market Stats Report

Sat, 11 Jan 2025 18:50:40 GMT

Ottawa Market Stats are out. As we experienced the typical slowdown around the holidays, the market finished the year on a high note (home sales totaled 13,526 an 11.8% y/y increase) the number of active listings remained high with 3216 (the highest since 2016) and the absorption of new properties will vary greatly depending on property type, condition and location.

Just purchased!

Mon, 23 Dec 2024 15:28:21 GMT

Congrats to Trent on the purchase of his first home! I’ve always been a big fan of looking at homes around the slow months of the year, and we got a great deal, for a great guy, on this one!

BOC Drops Rates with another Jumbo (50 BPS) Cuts

Wed, 11 Dec 2024 20:50:48 GMT

Key Takeaways from Tiff Maklem's press release; core inflation is expected to stay around 2% over the next few years. Economy is in excess supply, and growth outlook is now softer than expected in October. The effect of lower interest rates has elevated household spending, and future cuts - will be measured 'one decision at a time', suggesting slower, smaller cuts moving forward.

November Market Report.

Tue, 10 Dec 2024 20:38:07 GMT

November continued the strength of the residential real estate market we saw in October; sales were up nearly 46% compared to the slowdown of November 2023, with a very robust sales to list ratio of 78% (highest in three years). Months of inventory has slowly increased as expected for this time of year, but with a strong absorption rate and a projected jumbo rate cut tomorrow, the end of the year is looking to finish on a high note.

October Inflation Data

Tue, 19 Nov 2024 15:59:40 GMT