We’re thrilled to announce that Emily Witzman has joined the TRU Realty team! Emily is a passionate and dedicated real estate agent who brings a wealth of experience and a keen eye for quality craftsmanship to every transaction.

With a background working in the warranty, sales, and contract departments of some of the biggest industrial and new home construction companies, Emily knows how to spot quality design and ensure her clients make informed decisions. She’s committed to finding homes that truly fit her clients’ needs, whether they’re first-time buyers, growing families, or seasoned investors.

Emily’s journey into real estate has already been marked by success. In just the first six months of her career, she helped six happy clients find their new homes and guided her first sellers to a successful sale in under 30 days. Her commitment to honesty, clear communication, and stress-free transactions makes her a perfect fit for TRU Realty’s values.

As a mom of two young boys, Emily understands the importance of finding a home that works for every stage of life. Whether you're buying, selling, or investing, you can count on her to be there every step of the way with care and expertise.

Emily chose TRU Realty because of our flexibility, value, and supportive management—and we couldn’t be happier to have her on board. Welcome, Emily! We’re so glad you’re part of the TRU family.

Earlier today, the Bank of Canada made a surprising move by cutting the overnight interest rate by 0.25%, bringing it down to 2.75%. Despite most key economic indicators—such as core inflation, unemployment, and GDP growth—pointing towards maintaining the rate, the decision was influenced by growing economic uncertainty caused by tariffs and their potential impact on the Canadian economy.

The Bank of Canada’s choice to lower the rate reflects a cautious approach to safeguarding economic stability in the face of unpredictable global trade dynamics. While some may have expected a hold, the potential risks associated with tariffs were deemed significant enough to prompt preventive action.

This rate cut presents a potential opportunity for those considering a new mortgage or refinancing their existing one. Lower rates can mean significant savings over the long term, so it’s worth exploring your options.

Looking for trusted mortgage professionals to guide you through the process? Visit our TRU Realty partners at TRU Realty Partners to learn more!

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 809 units in February 2025. This represented a 10.2% decline from February 2024.

Home sales were 19.1% below the five-year average and 15.4% below the 10-year average for the month of February.

“Ottawa’s sales activity moderated while prices held steady,” says the OREB President. “Despite increased inventory, market uncertainty continues to influence buyer and seller decisions. Some sellers who had previously delayed listing are now entering the market, contributing to more options for buyers. While demand remains strong in certain price segments, the pace of sales varies, making strategic pricing and preparation key for sellers.”

“The Bank of Canada’s influence on borrowing power, ongoing economic factors like tariffs, and the potential impact of upcoming elections are also shaping buyer and seller sentiment. As we approach the spring market, we anticipate increased buyer activity, particularly if interest rates trend downward and confidence continues to build.”

By the Numbers – Prices:

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.

• The overall MLS® HPI composite benchmark price was $658,300 in February 2025, a 4.4% rise compared to February 2024.

  • The benchmark price for single-family homes was $719,800, up 1.3% year-over-year in February.

  • By comparison, the benchmark price for a townhouse/row unit was $438,000, a decline of 11.6% from 2024.

  • The benchmark apartment price was $459,300, a 4.5% gain from the previous year.

• The average price of homes sold in February 2025 was $669,945, a 1.4% improvement from February 2024.

• The total dollar volume of all home sales in February 2025 amounted to $541.9 million, an 8.9% drop compared to the same period last year.

By the Numbers – Inventory and New Listings:

• The number of new listings rose by 4.8% compared to February 2024, with 1,668 new residential properties added to the market. New listings were 10.8% above the five-year average and 6.7% above the 10-year average for the month of February.

• Active residential listings totaled 3,735 units at the end of February 2025, reflecting a substantial 61.4% surge from February 2024. Active listings were 95.7% above the five-year average and 51.4% above the 10-year average for the month of February.

• Months of inventory stood at 4.6 at the end of February 2025, compared to 2.6 in February 2024. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Courtesy of the Ottawa Real Estate Board