We’re excited to welcome Vladimir Davidov to the TRU Realty team!

Vladimir brings a unique and practical perspective to real estate, drawing from years of experience as a licensed master electrician in Ottawa. Having worked extensively in residential construction and renovation, he has a keen eye for the structural and mechanical details that truly make a house a home. His background gives him an edge when helping clients understand the value and potential of a property.

Now transitioning to a full-time Realtor role, Vladimir chose TRU Realty because of our supportive management, strong values, and commitment to professionalism. Our culture of collaboration and efficiency aligned perfectly with his goals as he begins this new chapter.

At TRU, Vladimir is dedicated to guiding clients through every step of the buying or selling process with confidence, clarity, and care. Whether you're purchasing your first home or looking for expert insights into a potential investment, you’ll be in good hands with Vladimir.

Please join us in giving him a warm welcome—we’re proud to have him as part of the TRU team!

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totalled 1,807 units in May 2025. This represented a 33.1% increase from the previous month, but a more modest 14.9% increase from May 2024 and 2.5% above the five-year average.*

“Year-to-date home sales activity remains in line with 2024; however, the 33.1% surge over April 2025 suggests we’re experiencing a delayed spring market,” says the OREB President. “April’s federal election took up real estate in consumers’ minds. Now, we’re seeing a shift in the marketplace, with active listings on the rise and months of inventory holding steady. Buyers appear to be gaining confidence, re-entering the market and transacting. For sellers, however, rising inventory means that competitive pricing and strong presentation are more critical than ever.”

“Compared to markets like Toronto or Vancouver, which are seeing signs of stagnation, Ottawa is holding steady,” adds the OREB President. “Buyers and sellers are still able to transact fairly, with sale prices remaining close to list, even amid broader economic uncertainty. And the Bank of Canada’s recent decision to hold the key interest rate steady may spur more activity, as buyers grow more confident they’re not missing out on further downward movement.”

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 $629,800 in May 2025; a 0.8% rise compared to May 2024.

  • The benchmark price for single-family homes was $700,000, up 0.6% year-over-year in May.

  • By comparison, the benchmark price for a townhouse/row unit** was $446,900, an increase of 3.4% from 2024.

  • The benchmark apartment price was $404,700, a 3.6% decline from the previous year.

• The average price of homes sold in May 2025 was $728,623, a 4.8% increase from May 2024.

• The total dollar volume of all home sales in May 2025 amounted to $1.316 billion, a 20.4% increase compared to the same period last year.

By the Numbers – Inventory and New Listings:

• The number of new listings increased by 8.7% compared to May 2024, with 3,430 new residential properties added to the market. New listings were 15.8% above the five-year average.

• Active residential listings totalled 4,347 units at the end of May 2025, reflecting a 13.5% surge from May 2024. Active listings were 54.2% above the five-year average.

• Months of inventory remained steady at 2.4 in May 2025, unchanged from the same period last 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

We’re excited to welcome Amit Kumar to the TRU Realty team!

Amit’s real estate journey began in 2021 with the purchase of his first home — a milestone that sparked a passion for helping others achieve the same dream. Since then, he’s dedicated himself to guiding buyers and sellers through some of the biggest decisions of their lives, always with empathy, integrity, and personalised service.

As a first-generation immigrant, Amit brings a deep understanding of the unique challenges many first-time home buyers face, especially those navigating the process in a new country. His ability to connect with clients on a personal level and his commitment to community, including charitable work with organisations like United Way and CHEO, make him a fantastic addition to our team.

Amit was referred to TRU Realty by one of our agents, and he chose to join us because of our commission plan, value, team culture, and flexibility — the very principles that define our brokerage.

Please join us in welcoming Amit to TRU Realty. We’re proud to have him on board!

📍 Ottawa-based
📩 Ready to connect? Reach out to Amit and experience the TRU difference.

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totalled 1,306 units in April 2025. This represented an 18.4% increase from March 2025, but an 11.2% decline from April 2024.

Home sales were 17.6% below the five-year average and 16.2% below the 10-year average for the month of April.

“While April sales were down year-over-year, we saw a healthy month-over-month increase—an encouraging sign of growing momentum as we move through the spring market,” says the OREB President. “Inventory remains at higher levels compared to previous years, indicating a gradual move towards a balanced market.”

“With more certainty following the federal election, buyers are returning with greater confidence—but they're proceeding cautiously, taking their time, including conditions in their offers, and being more selective. Sellers, meanwhile, are adjusting to longer days on market, which makes strategic pricing and thoughtful home preparation more important than ever. If the listing is priced well, shows well, it's moving—and in some cases, it’s even getting multiple offers. Looking ahead, we’ll be watching how the federal government’s recent housing commitments translate into action. Policies aimed at increasing supply, improving affordability, and supporting first-time buyers are welcome steps toward meaningful impact here in Ottawa.”

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 $631,200 in April 2025, a 1.1 % rise compared to April 2024.

  • The benchmark price for single-family homes was $703,200, up 1.0 % year-over-year in April.

  • By comparison, the benchmark price for a townhouse/row unit was $440,000, an increase of 4.4% from 2024.

  • The benchmark apartment price was $404,000, a 2.8% decline from the previous year.

• The average price of homes sold in April 2025 was $707,180, a 0.4% increase from April 2024.

• The total dollar volume of all home sales in April 2025 amounted to $923.5 million, a 10.8% drop compared to the same period last year.

By the Numbers – Inventory and New Listings:

• The number of new listings declined by 3.8% compared to April 2024, with 2,589 new residential properties added to the market. New listings were 2.8% above the five-year average and 5.6% above the 10-year average for the month of April.

• Active residential listings totaled 4,878 units at the end of April 2025, reflecting a 54.2% surge from April 2024. Active listings were 86.9% above the five-year average and 51.3% above the 10-year average for the month of April.

• Months of inventory stood at 3.7 at the end of April 2025, compared to 2.2 in April 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

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totalled 1,103 units in March 2025. This represented a 6.2% decline from March 2024.

Home sales were 24% below the five-year average and 19.3% below the 10-year average for the month of March.

"The Ottawa housing market in March 2025 remained relatively stable, with sales activity slightly lower than the same period last year," said the OREB President. "However, we’re seeing continued momentum month-over-month as the spring market gains traction. Both buyers and sellers are exercising some caution—likely due to economic uncertainty and the upcoming election—but the current lower interest rates are encouraging more activity as they step off the sidelines."

"Looking ahead, the ongoing trade and tariff concerns could affect new construction and further exacerbate supply challenges. So, it’s critical that the City of Ottawa continues collaborating with key stakeholders. We were pleased to take part in discussions around the proposed New Zoning By-Law, which prioritizes housing options and opportunities to maximize options for Ottawa’s residents.”

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 $626,200 in March 2025, a 2.2% rise compared to March 2024.

  • The benchmark price for single-family homes was $698,700, up 2.7% year-over-year in March.

  • By comparison, the benchmark price for a townhouse/row unit was $431,200, a decline of 8.0% from 2024.

  • The benchmark apartment price was $400,900, a 4.3% decline from the previous year.

• The average price of homes sold in March 2025 was $685,866, unchanged from March 2024.

• The total dollar volume of all home sales in March 2025 amounted to $756.5 million, a 6.2% drop compared to the same period last year.

By the Numbers – Inventory and New Listings:

• The number of new listings rose by 4.1% compared to March 2024, with 2,221 new residential properties added to the market. New listings were 0.7% below the five-year average and 2.2% below the 10-year average for the month of March.

• Active residential listings totaled 4,319 units at the end of March 2025, reflecting a substantial 60.3% surge from March 2024. Active listings were 92.7% above the five-year average and 49.5% above the 10-year average for the month of March.

• Months of inventory stood at 3.9 at the end of March 2025, compared to 2.3 in March 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

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!

We’re excited to welcome Vamsi Pulagam to the TRU Realty team! 🎉

As an experienced Realtor and property investor in the Ottawa area, Vamsi brings a deep understanding of the local real estate market. His expertise spans buying, selling, and leasing residential properties, making him a valuable resource for homeowners, investors, landlords, and tenants alike.

With a strong focus on personalized service and maximizing value, Vamsi is committed to guiding clients through smooth and successful real estate transactions. His in-depth knowledge of Ottawa’s neighbourhoods, market trends, and investment opportunities ensures that his clients receive expert advice tailored to their needs.

When asked why he chose TRU Realty, Vamsi highlighted our Management, Commission Plan, Value, and Flexibility—all key factors that align with his commitment to delivering top-notch service.

Please join us in welcoming Vamsi to the TRU Realty family! If you’re looking to buy, sell, or lease a property in Ottawa, connect with him today.

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totalled 617 units in January 2025. This was a 4.2% decrease from January 2024.

Home sales were 13% below the five-year average and 9.6% below the 10-year average for the month of January.

“Ottawa’s market is seeing increased activity as more listings hit the market and buyers start to re-engage,” says the OREB President. “Many buyers and sellers had been waiting for more conducive market conditions, but with the recent rate cut and potentially lower interest rates on the horizon, optimism is growing. While there’s more supply, the availability of suitable properties in various market segments remains tight. This is reflected in some homes selling quickly while others linger on the market. Sellers should be prepared to price competitively and present their homes in the best light to capture buyer interest in this evolving market."

“The recent Bank of Canada rate cut, the introduction of U.S. tariffs, along with upcoming provincial and federal elections, introduce factors of variability. That said, confidence is growing, and more buyers are expected to return to the market in the coming months, leading to an increase in transactions.”

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 $649,900 in January 2025, an increase of 5.2% from January 2024.

  • The benchmark price for single-family homes was $713,000 up 2.3% on a year-over-year basis in January.

  • By comparison, the benchmark price for a townhouse/row unit was $448,000, down 3.9% compared to a year earlier.

  • The benchmark apartment price was $436,900, up 4.5% from last year.

• The average price of homes sold in January 2025 was $670,258, increasing 5.8% from January 2024.

• The dollar volume of all home sales in January 2025 was $413.5 million, up 1.3% from January 2024.

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 3.0% from January 2024. There were 1,359 new residential listings in January 2025. New listings were 14.1% above the five-year average and 9.3% above the 10-year average for the month of January.

• Active residential listings numbered 3,312 units on the market at the end of January 2025, a gain of 57.3% from January 2024. Active listings were 90.6% above the five-year average and 48.9% above the 10-year average for the month of January.

• Months of inventory numbered 5.4 at the end of January 2025, compared to 3.3 in January 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

We are thrilled to welcome Meghan Edwards to the TRU Realty family! Meghan brings with her over 15 years of experience in the real estate industry and an unwavering passion for helping clients achieve their dreams. Her decision to join our brokerage was inspired by TRU Realty’s commission plan, value, and flexibility—qualities that perfectly align with her commitment to delivering exceptional service.

Meghan is not just a seasoned Realtor; she’s someone who truly loves what she does. Her approach to real estate goes beyond transactions—it’s about making a meaningful difference in the lives of her clients. Whether you’re buying or selling a home, a condo, an investment property, or a rural retreat, Meghan’s wealth of knowledge and dedication ensures you’ll receive personalized, expert guidance every step of the way.

With a focus on educating her clients about the current market and providing insights into future trends, Meghan empowers buyers and sellers to make confident, informed decisions. Her exceptional negotiation skills, prompt communication, and tailored strategies for navigating today’s competitive landscape—including multiple-offer situations—set her apart in the industry.

Meghan’s attention to detail and unwavering commitment to excellence have earned her a reputation built on trust and satisfaction. She takes pride in exceeding expectations and providing a level of service that inspires confidence and loyalty. Meghan’s dedication extends to the friends, family, and colleagues of her clients, ensuring they receive the same outstanding care when referred to her.

Please join us in welcoming Meghan Edwards to TRU Realty! We are excited about the expertise and passion she brings to our team and look forward to seeing the incredible impact she will have on our clients and community. If you’re ready to embark on your real estate journey, Meghan is here to guide you every step of the way. Feel free to reach out to her to discuss your goals and how she can help you achieve them!

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 613 units in December 2024. This was a 7.9% increase from December 2023.

Home sales were 6.8% below the five-year average and 2.7% below the 10-year average for the month of December.

On a year-to-date basis, home sales totalled 13,526 units in December 2024 — an increase of 11.8% from the same period in 2023.

“A year of wait-and-see came to a close with the expected slowdown over the holiday season,” says the OREB President. “The latter half of the year brought signs of more favourable market conditions with consecutive interest rate drops, higher insured mortgage limits and extended amortizations. It’s early to assess the impact of these measures. And it’s an uphill battle against affordability and supply issues that persist.”

“Listing activity indicates that sellers anticipate improved conditions could spur more activity from buyers who have been keeping a close eye on the market but hesitant to make moves. Buyers are still limited in their selection of affordable inventory that can meet current demands, which stalls movement. While the improving market conditions are encouraging, the supply needs to be there. Coming political shifts are adding a layer of uncertainty but there is a trending optimism for more increased market activity in the months ahead.”

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 $645,800 in December 2024, an increase of 3.8% from December 2023.

  • The benchmark price for single-family homes was $729,300, up 3.7% on a year-over-year basis in December.

  • By comparison, the benchmark price for a townhouse/row unit was $533,200, up 11.3% compared to a year earlier.

  • The benchmark apartment price was $404,400, down 2.5% from last year.

• The average price of homes sold in December 2024 was $663,781, increasing 4.4% from December 2023. The more comprehensive year-to-date average price was $679,067, increasing by 1.3% from last year.

• The dollar volume of all home sales in December 2024 was $406.9 million, up 12.7% from December 2023. The total dollar volume of all home sales in 2024 was $9.2 billion, up 13.3% from all of 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 13.6% from December 2023. There were 603 new residential listings in December 2024. New listings were 3.5% above the five-year average and 2.7% below the 10-year average for the month of December.

• Active residential listings numbered 3,216 units on the market at the end of December 2024, a gain of 58.7% from December 2023. Active listings were 90% above the five-year average and 51.4% above the 10-year average for the month of December.

• Months of inventory numbered 5.2 at the end of December 2024, compared to 3.6 in December 2023. 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

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totalled 1,059 units in November 2024 — a slight dip down from the 1,179 units sold the month previous.

Home sales were 3.1% below the five-year average and 0.5% below the 10-year average for the month of November.

On a year-to-date basis, home sales totalled 12,882 units in November 2024 — an increase of 11.8% from the same period in 2023.

“Ottawa’s market is making headway on a long road back from the slowdown experienced in 2023,” says the OREB Past-President. “Buyers have been slow to come back to the market while watching the interest rates lower, and some are waiting to see how new mortgage rules — the extended amortization period and the increased default insurance cap — coming into effect in December may redefine their purchasing power. Sellers have noticed that caution and those who can are likely holding on for a more active spring.”

“There will be the typical slowdown at this time of the year as people’s attentions turn to the holidays, and the snow starts to cover a property’s selling features. With prices holding steady and open houses getting traffic, though, people are keeping a close eye on opportunities.”

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 November 2024, a 1.5% increase from November 2023.

  • The benchmark price for single-family homes was $722,400, up 2.1% year-over-year.

  • By comparison, the benchmark price for a townhouse/row unit was $491,500, up 0.3% compared to a year earlier.

  • The benchmark apartment price was $406,200, down 3.7% from last year.

• The average price of homes sold in November 2024 was $667,098 increasing 4.6% from November 2023.

• The more comprehensive year-to-date average price was $679,797, increasing by 1.2% from November 2023.

• The dollar volume of all home sales in November 2024 was $706.4 million, up 51.8% from November 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 a decrease of 7.3% from November 2023. There were 1,352 new residential listings in November 2024. New listings were 6.3% below the five-year average and 0.3% above the 10-year average for the month of November.

• Active residential listings numbered 4,036 units on the market at the end of November 2024, a gain of 38.2% from November 2023. Active listings were 72.8% above the five-year average and 44.3% above the 10-year average for the month of November.

• Months of inventory numbered 3.8 at the end of November 2024, compared to 4.0 in November 2023. 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