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New property listed in Ottawa

We are very excited to share our new listing at 2385 WALKLEY Road in Ottawa.
Clean and well maintained 3 bed room with mostly finished basement. Nice hardwood floors through out main. Good local schools such as Canterbury H.S. Relax in the sauna. South facing for lots of light. Bungalow is great for easy mobility. Lots of storage space. Quick access to shops and services. Busses are almost at the door. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 34 GRANTON Avenue in Ottawa.
Executive custom home nestled in the heart of St Claire Gardens with South facing bckd. The house offers beautiful open spaces, 2 story foyer, engineered floors, 9' ceilings and 98" doors on both levels, heated floors in MB, 3 custom walk-in closets, striking wooden/glass staircase with unique built in integrated LED panels, superior ICF 75-120R insulation, integrated speakers system with Bluetooth amplifier on both levels. Gorgeous kitchen with huge island, separate large butler's pantry ensuring the kitchen is perfectly suited to sociable contemporary living. Stunning Stylish and Sophisticated Design of the main level made to capture natural light through an abundance of windows. Gorgeous gas fireplace completes the main floor. Lower level offers tremendous value & opportunity. SEPARATE ENTRANCE,2 additional bdrs, separate open concept of liv & family rooms comes with a full set of appliances. Ample size shed, composite board deck & stone patio are great additions to the house. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 405 383 CUMBERLAND Street in Ottawa.
Welcome to unit 405, with its loft-inspired concrete ceilings, open concept living room and kitchen, and expansive east-facing balcony. It is on the quiet side of the building and overlooks the patio space with gardens and BBQs for your use and enjoyment. This unit is very practical and affordable, ideal for investors with low overhead and great location, try to find lower condo fees with more inclusions anywhere. With, in-unit laundry, and all the many conveniences including; a rec room with kitchen and pool table, an exercise room, storage and parking plus abundant underground visitor parking, this building is a treasure. This is also a secure and pet friendly building. Cumberland Street is a prime Location - you can walk to cultural events, shopping & nightlife. Don't Miss Out - Schedule a viewing now! 24 hour irrevocable on offers. (id:2493)
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The Bank of Canada maintains its overnight rate at 5.00%

Earlier today, the Bank of Canada announced it will continue to hold its overnight rate at 5.00%. The Bank of Canada has seen inflation trend in the right direction, but it's still not quite low enough. Markets expect inflation to continue its downward trend and the first cut is expected in June to stabilize inflation in the target range and prevent inflation from decelerating past their target range.

In the chart above, courtesy of Perch, you can see how the 5-year variable rate forecast has changed over time based on the Bank of Canada interest rate announcements.

Do you need a new mortgage or refinancing? Check out Perch and other TRU Realty partners - https://trurealty.ca/partners.html

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New property listed in Ottawa

We are very excited to share our new listing at 851 ELEMENT Private in Ottawa.
Nestled within a secluded enclave, 851 Element Private stands as a beacon of contemporary luxury and urban sophistication. Tucked alongside picturesque walking paths, this home provides a perfect blend of convenience and serenity. As you enter the first floor, discover a versatile space ideal for a private home office or gym. The open-concept middle floor, featuring large windows and dark hardwood floors, fosters an airy ambiance. Just off the dining area you will find a small deck, ideal for watching sunrises or sunsets with coffee in hand. On the third floor, the primary bedroom boasts a walk-in closet, ensuring ample storage and organization. Also on this floor, a second great sized room and convenient 3rd floor laundry. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 50E JAGUAR Private in Ottawa.
Upper level condo apartment in Stittsville South. Bright and cozy middle unit equipped with 2 bedrooms/2 bathrooms. This condo has it all - 6 appliances, kitchen island, A/C, WINDOW BLINDS. One parking spot nr 59 is included. Residents can keep their bicycles and strollers in storage building. Close to all amenities. Rental application, full credit report through Equifax, employment proof are required. Available June 15'th. 24 hours notice for showings due to tenant. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 100 GREENBORO Crescent in Ottawa.
Welcome to this wonderful detached 3 bed, 2 bath home with no rear neighbours! Fully renovated from top to bottom, the main floor features a modern and bright kitchen, formal dining with french door entrance, & inviting living-room with wood-burning fireplace and walkout to the back. Step out onto the large deck and enjoy a private backyard complete with cedar hedges leading to an open green space and winding trails. The 2nd floor includes 3 generously sized bedrooms with large closets; and, a bright full washroom with double vanity. The large basement recreation room leads into the utility space and bonus basement den - ideal for a home office, additional guest, or play room. Come experience today! (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 200 ANYOLITE Private in Ottawa.
Come and explore this stunning, like-new, end-unit, 3 bedroom stack row-home. As soon as you step inside, you'll be greeted by a bright and open-concept welcoming space, with lots of windows allowing for natural light to flow in. You'll love spending time outside with two balcony decks to choose from, perfect for enjoying your morning coffee and fresh air. Convenient access to schools, stores, highways, and other amenities that this great community has to offer. Upgraded interior finishes throughout the home, along with upgraded appliances. This home is move-in ready and available for June 1st, offering a perfect opportunity for you to make it your own! Also available furnished, please contact for further details. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 206 QUEEN ELIZABETH Drive in Ottawa.
DEVELOPERS! Rare opportunity to build fronting on the canal, in the GLEBE! Take advantage of R4 zoning to add height or increase units. Currently fully rented at market rents with a just a few long term tenants. This property consists of two x four unit buildings - 206-208 Queen Elizabeth and 210-212 Queen Elizabeth. BOTH UNITS ARE TO BE SOLD SIMULTANEOUSLY. Each four unit building can be financed with residential interest rates. All tenants pay own Hydro. most units updated over the years. all units contain Laundry. Selling for land value, showings upon accepted offer. (id:2493)
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New property listed in Ottawa

We are very excited to share our new listing at 500 AROSA Way in Ottawa.
Model CORNER single family nestled on premium lot, backing onto the park, located in highly sought-after neighborhood of Blackstone Community in Stittsville-Kanata. Features include 3 bed + LOFT, over 50K in upgrades, 9' ceilings, open concept great rm w/natural gas fireplace & large windows, natural light galore. Dinning rm is next to the kitchen w/door that opens to the beautiful backyard. Upgraded hardwd flooring throughout. Upgraded kitchen w/quartz counter tops, lots of cabinet spaces, stainless steel appliances & a gorgeous long island w/breakfast bar. Mud rm w/a huge walk-in closet & powder rm. 2nd flr offers spacious & bright loft, Laundry rm w/a window 2nd full bath, Master bedrm w/walk-in closet & ensuite w/glass shower & quartz counters. 2 other good sized bedrms w/walk in closet. Walking steps to schools, shopping and all amenities. Some photos are Virtually staged. (id:2493)
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Ottawa Market Trends March 2024
The number of homes sold through the MLS® System of the Ottawa Real Estate Board totalled 1,165 units in March 2024. This was an increase of 10% from March 2023.

Home sales were 21.5% below the five-year average and 15% below the 10-year average for the month of March.

On a year-to-date basis, home sales totalled 2,678 units over the first three months of the year — an increase of 13.1% from the same period in 2023.

“Ottawa’s real estate market is overall healthy, providing fertile ground for an active spring and summer ahead,” says the OREB President. “The increases in new and active listings indicate that sellers are feeling more confident, boosted by the rise in showing activity. Buyers, however, aren’t acting as quickly as they perhaps should be — likely because affordability and supply are still roadblocks.”

“Something is around the corner in this market, though. People have adjusted to post-pandemic life and that means revisiting their housing needs. Some are downsizing or moving in from the city’s outskirts. Others are looking at more suitable properties that better meet all their needs, which weren’t accessible to them in the peak pandemic market. That’s creating pressure from multiple angles on the mid-range property market, which we know is tight to begin with in Ottawa. Just because you’re in the real estate market, doesn’t mean you’re safe from the market. If you’re a buyer or seller looking to make a move, I wouldn’t wait too long.”

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 $636,700 in March 2024, a gain of 2.7% from March 2023.
    • The benchmark price for single-family homes was $719,000, up 2.6% on a year-over-year basis in March.
    • By comparison, the benchmark price for a townhouse/row unit was $489,800, up slightly at 0.9% compared to a year earlier.
    • The benchmark apartment price was $423,200, up 4.3% from year-ago levels.
  • The average price of homes sold in March 2024 was $682,078 increasing 5.1% from March 2023. The more comprehensive year-to-date average price was $659,828, increasing by 3.2% from the first three months of 2023.
  • The dollar volume of all home sales in March 2024 was $794.6 million, up 15.6% from the same month in 2023.
OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Prices will vary from neighbourhood to neighbourhood.

By the Numbers – Inventory and New Listings:
  • The number of new listings saw an increase of 13.5% from March 2023. There were 2,074 new residential listings in March 2024. New listings were 2.3% below the five-year average and 11.1% below the 10-year average for the month of March.
  • Active residential listings numbered 2,543 units on the market at the end of March 2024, a gain of 18.3% from March 2023. Active listings were 58.6% above the five-year average and 17.7% below the 10-year average for the month of March. Active listings haven't been this high in the month of March in more than five years.
  • Months of inventory numbered 2.2 at the end of March 2024, up only slight from 2 in March 2023 and below the long-run average of 2.6 months for this time of year. 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
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New property listed in Ottawa

We are very excited to share our new listing at 1105 1100 AMBLESIDE Drive in Ottawa.
Three Fabulous Bedrooms, Magnificent Views of the Ottawa River, and soon, the LRT......all draw you in to experience this stunning 2023-24 renovation. Classy, modern, chic, and totally "done"! White oak hardwoods, white/blonde kitchen and bath installations, lots of stainless steel, fetching designer accents, dreamy lighting. Just down the street from the buzz of Westboro, and up from the Beach, in a condo that offers such desirable amenities as: central air, garage parking, carwash bay, two guest rooms, fitness centre, sauna, games room, workshop, bicycle storage, party room, library, saltwater pool, laundry, ensuite storage room + storage locker, gardened patio area w/BBQ. Sometimes, it's just so right......! (Offers welcomed Thursday, April 11th at 6pm. Seller reserves the right to consider and may accept a pre-emptive offer.) (id:2493)
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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.