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New property listed in Ottawa

We are very excited to share our new listing at 784 BRITTANIC ROAD in Ottawa.
Beautiful townhhouse in Stittstville South for rent from August 1'st. Majestic model offers modern elevation, open space kitchen/living room, big windows that give plenty of natural light. Huge laundry room conveniently located on the second level. Excellent location close to Walmart and other shopping plazas, Cardel Recreation centre. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 474 BARRICK HILL ROAD in Ottawa.
This beautiful Valecraft built townhome is a 2-storey, well maintained 3-bedroom, 3-bathroom home with a finished basement, large rec room, and features a gas fireplace for entertaining. Main floor has a bright, open concept kitchen featuring an island with breakfast bar, powder room, as well as hard wood flooring throughout the dining room and great room. The second floor features a spacious master with a luxury 4 pc. ensuite and walk-in closet. This level also includes two other sizeable bedrooms, as well as laundry. Outside you will find a fully fenced backyard with no rear neighbours. Located in the family-friendly neighbourhood of Trailwest, close to several amenities, schools, shops, public transit, parks & walking trails. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 819 SNOWDROP CRESCENT in Ottawa.
Experience the luxury of this BRAND NEW 2023 built Tartan home! Spanning over 2900 sq. ft, this stunning home offers 4 bedrooms, a loft, and over $30k in builder upgrades. Enter into a spacious foyer with a convenient powder room. The main floor boasts 9 ft. ceilings and an open-concept layout with gleaming hardwood floors. Discover a dedicated den/office, formal dining area, cozy living room with a gas fireplace, and a gourmet chef's kitchen. The kitchen features quartz countertops, soft-close cabinets, a walk-in pantry, stainless steel appliances, and an oversized island with a breakfast bar. Upstairs, the primary suite offers his and her walk-in closets and a luxurious 4-piece ensuite. Three more generously sized bedrooms and additional loft rooms (may be able to convert to a 5th bedroom) provide versatility. The upper-level laundry room adds convenience. Rest easy with the full Tarion Warranty. Don't miss this exceptional home. 24-hour irrevocable period for all offers. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 894 LONGFIELDS DRIVE in Ottawa.
Rare UPPER & CORNER unit 2 bed, 2.5 bath two-storey stacked condo in the heart of Barrhaven! Meticulously maintained and loaded w/ upgrades. Largest stacked model available, w/ over 1,400 square feet. Facing west, this unit brings in an abundance of natural light catching both sunrise and sunset views. Freshly painted throughout (2023). Open concept main level includes Brazilian cherry hardwood floors, oak kitchen cabinets w/ ample cupboard & counter space, cozy gas fireplace w/ marble mantle along with a bay window sitting area in the living room. Both a dedicated dining area and separate flexible space: breakfast nook or home office. Upgraded pot lights throughout. Renovated powder room (2020). Upper level w/ two oversized bedrooms each with generous closets & their own en-suite bathroom, one w/ private balcony. One owned parking space w/ lots of visitor parking available. Central location easy access to schools, shopping, groceries, fitness and transit, all within walking distance. (id:2493)
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Ottawa Market Trends May 2023

Members of the Ottawa Real Estate Board (OREB) sold 1,939 residential properties in May through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,830 in May 2022, an increase of 6%. May’s sales included 1,477 in the freehold-property class, up 8% from a year ago, and 462 in the condominium-property category, a 1% increase from May 2022. The five-year average for total unit sales in May is 1,961.

“Typically the highest-selling month, May’s transactions did not disappoint,” says the Ottawa Real Estate Board President. “This month we saw the first year-over-year unit sales volume increase since February 2022. It is a promising year for sellers barring any interest rate adjustments, as we saw a correlated drop in sales every time there was an interest rate hike in 2022.”

“However, with only five to six weeks of inventory, we are in a strong seller’s market. With the pent-up high demand and sales volume increasing, we are likely to see upward pressure on prices as demand continues to outstrip supply.”

By the Numbers – Average Prices:
  • The average sale price for a freehold-class property in May was $745,902, a decrease of 7% from 2022, but still on par with April 2023 prices.
  • The average sale price for a condominium-class property was $442,859, decreasing 6% from a year ago. However, it marks a 2% increase over April 2023 prices.
  • With year-to-date average sale prices at $727,728 for freeholds and $428,394 for condos, these values represent a 12% decrease over 2022 for freehold-class properties and a 9% decrease for condominium-class properties.
“We are not seeing steep price escalations yet. May’s average prices stayed on par with April’s, although prices are well over what we saw at the end of 2022. With demand mounting in Ottawa’s chronically undersupplied market, I expect the average sale price will surpass last year’s figures for a month over the same month in the latter half of 2023 again—provided we do not see interest rate hikes.”

By the Numbers – Inventory & New Listings:
  • May’s new listings (2,822) were 9% lower than May 2022 (3,117) and up 32% from April 2023 (2,140). The 5-year average for new listings in May is 2,922.
  • Months of Inventory for the freehold-class properties has increased to 1.5 months from 1.2 months in May 2022 but down from 1.9 months in April 2023.
  • Months of Inventory for condominium-class properties has increased to 1.3 months from 1 month in May 2022, although down from 1.9 months in April 2023.
  • Days on market (DOM) for freeholds decreased from 27 to 23 days and 33 to 26 days for condos compared to last month.
“Given our housing stock challenges, some neighbourhoods are again in multiple offer territory. REALTORS® have up-to-the-minute market data and are best positioned to help both buyers and sellers in this evolving competitive resale market.”

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 2,731 properties compared to 2,230 last year at this time, an increase of 22%.
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New property listed in Ottawa

We are very excited to share our new listing at 741 BRITTANIC ROAD in Ottawa.
Bright & Impressive 4 Bedrooms single house in sought after Blackstone. featuring 9' Ceilings On the Main Level, 4 bedrooms on the second floor and a bright but unfinished basement. Upon entering you are greeted with an expansive bright foyer with Mirrored doors closer, a beautifully designed mud room is another changing spot when entering through the garage. Gorgeous Modern Kitchen with a wide island that fits up to 4 bar chairs, Stainless Steel Appliances and plenty of cabinets. Very convenient 2nd Floor Laundry and an extra wide lining closet. 3 out of 4 bedrooms has walk-in-closets, while the Master has 2 of them! It's a Carpet-free house, with plenty of storage. The basement is unspoiled awaiting your final touch in case you ever needed an extra room! THIS home was built to IMPRESS! Don’t miss out on this gorgeous home in a family-friendly community with parks, schools, recreation, public transit and shopping nearby! Rental application, Equifax Credit report and paystubs required. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 507 MILLAR SOUND WAY in Ottawa.
Open concept main floor with an inviting foyer, The bright main floor features rich hardwood floors, freshly painted creating an elegant and modern living space, second level offers a cozy family room, a laundry room, and an impressive primary suite with a large walk-in closet & luxurious 4pc ensuite. Two additional bedrooms share a full jack-and-jill bathroom. The lower level offers a comfortable and functional space for family entertaining, with a 4pc bathroom, and a convenient 2nd kitchen. fully fenced backyard offers both privacy and security. Don't miss this opportunity to live in one of Ottawa's most sought-after neighbourhoods. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 2 FRANKLIN CATHCART CRESCENT in Ottawa.
An exceptional opportunity awaits with this house! You'll find a rare combination of a 3-car garage and room for 6 cars on the driveway. The backyard is truly impressive, boasting a generously sized pool for refreshing summer days, while a public park with fun water games is conveniently located just across the street. This house has it all: welcoming spacious foyer, spacious living and dining areas enhanced by soaring double ceiling heights, allowing ample natural light to fill the space. Worm family room with a Gas fireplace overseeing the landscaped backyard. Large open kitchen with a breakfast area, granite countertops, and s/sl appliances. Second floor feature 4 large bedrooms, the primary with cathedral ceiling, 4pc ensuite, and a walk-in closet. Massive basement: with Gas fireplace, recreation area, potential bedroom, ROF for 4th bath and kitchen sink. Overall, this house is a remarkable find, combining functional spaces, luxurious amenities, and a desirable location. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 813 CROSSGATE STREET in Ottawa.
Stunning never-lived-in home in the new and prestigious Crown of Stonebridge neighbourhood just steps from the Stonebridge golf course and a park across the street! This gem boasts 3 bedrooms, 3 baths, a beautiful ensuite with glass shower & soaker tub, a huge second-floor loft space, hardwood floors, an open concept floorplan, a double car garage, six top-end appliances, and gorgeous kitchen cabinets with quartz countertops, a huge pantry and mud room, custom pot lights, stylish dining room light fixture, and so much more! With the park, golf course and nature paths along the Rideau River, it's the perfect place for outdoor enthusiasts. Just 25 mins from downtown and close to schools, shopping and more this home is a must-see! (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 813 CROSSGATE STREET in Ottawa.
Stunning never-lived-in home in the new and prestigious Crown of Stonebridge neighbourhood just steps from the Stonebridge golf course and a park across the street! This gem boasts 3 bedrooms, 3 baths, a beautiful ensuite with glass shower & soaker tub, a huge second-floor loft space, hardwood floors, an open concept floorplan, a double car garage, six top-end appliances, and gorgeous kitchen cabinets with quartz countertops, a huge pantry and mud room, custom pot lights, stylish dining room light fixture, and so much more! With the park, golf course and nature paths along the Rideau River, it's the perfect place for outdoor enthusiasts. Just 25 mins from downtown and close to schools, shopping and more this home is a must-see! (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 508 NORDMANN FIR COURT in Ottawa.
Welcome to 508 Nordmann Fir Court, a wonderful 4 bedroom, 2.5 bathroom home on a premium lot backing onto the Abbottsville Pond & Trail! Be one of the fortunate few that can enjoy watching the ducks float by while sipping your coffee from the kitchen deck or by accessing the pond and trail directly from your walk-out basement. This home has great flow and an open and airy feel due to the neutral decor, upgraded 9-foot ceilings and hardwood throughout. The open-concept main floor is perfect for family life and great for entertaining where you can show off your view! The view is also a star in the primary bedroom and ensuite! A further 3 good sized bedrooms and a conveniently located laundry room round out the second floor. The unfinished walk-out basement has tons of potential. Remember the golden rule of real estate—location, location, location—and be reminded that finding a home with water views in Kanata is exceedingly rare! Make this your new address now! (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 508 NORDMANN FIR COURT in Ottawa.
Welcome to 508 Nordmann Fir Court, a wonderful 4 bedroom, 2.5 bathroom home on a premium lot backing onto the Abbottsville Pond & Trail! Be one of the fortunate few that can enjoy watching the ducks float by while sipping your coffee from the kitchen deck or by accessing the pond and trail directly from your walk-out basement. This home has great flow and an open and airy feel due to the neutral decor, upgraded 9-foot ceilings and hardwood throughout. The open-concept main floor is perfect for family life and great for entertaining where you can show off your view! The view is also a star in the primary bedroom and ensuite! A further 3 good sized bedrooms and a conveniently located laundry room round out the second floor. The unfinished walk-out basement has tons of potential. Remember the golden rule of real estate—location, location, location—and be reminded that finding a home with water views in Kanata is exceedingly rare! Make this your new address now! (id:2493)
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