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.
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!
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.
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.