Solid 2014 High Ranch Bungalow in charming Metcalfe!

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!!!!

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!

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.

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!

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.

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.  :)

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.