We are very pleased to announce that Jim Riley has joined TRU Realty!

Jim is an "Ottawa boy" through and through. Born and raised in the city, Jim knows the National Capital! That has really helped Jim to enjoy a long career in real estate! Since the 1990's, Jim has assisted both buyers and sellers get the most from their transactions! Jim's attention to detail, care and determination is admired by all his past clients, friends and colleagues. Those same qualities are what TRU Realty looks for in their agents and what attracted Jim to our brokerage.

When not selling, or renting property, Jim enjoys spending time with his family, playing hockey and cheering on the Senators! On behalf of Jim, we invite all to contact him with any and all their real estate needs!

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No one enjoys paying taxes! But we also recognize that we are required to pay our fair share. How can we minimize the taxes we pay and keep more for ourselves and our families? Chris Finlay, Partner with KPMG will cover 7 crucial Tax Tips for Realtors!

Chris is a partner in KPMG’s Ottawa office. His focus is serving owner-managed businesses in the retail, professional services and manufacturing sectors. He knows how to work with entrepreneurs which is very different than a corporate-based environment.

RSVP now!

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Members of the Ottawa Real Estate Board sold 987 residential properties in October through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,670 in October 2021, a decrease of 41%. October’s sales included 758 in the residential-property class, down 40% from a year ago, and 229 in the condominium-property category, a decrease of 44% from October 2021. The five-year average for total unit sales in October is 1,554.

"After the volatility of the past two pandemic years, which was unsustainable, the market is correcting and adjusting," says the Ottawa Real Estate Board President. "The slowdown is compounded by Bank of Canada interest rate increases, which further exacerbates buyer hesitancy and weakens people's purchasing power—especially first-time homebuyers."

“Demand is still high, and with increasing inventory available, Buyers have more choices and time to shop for their new home. However, the ongoing speculation about where prices and interest rates are headed shakes consumer confidence and has made some prospective Buyers take a wait-and-see approach.”

“Sellers may be understandably concerned about market fluctuations, which have been more drastic lately. As with any major investment, a longer-term perspective is important. The significant year-over-year gains of the last two years were not sustainable. If you have owned your property for any length of time, your equity has increased significantly and will buffer price corrections. If you buy and sell in the same market, it is all relative.”

By the Numbers – Inventory & New Listings:
  • Months of Inventory for the residential-class properties has increased to 3.3 months from 1 month in 2021.
  • Months of Inventory for condominium-class properties has increased to 3 months from 1.2 months in 2021.
  • October’s new listings (2,047) were 4% higher than 2021 (1,960) and down 14% from September 2022 (2,371). The 5-year average for new listings in October is 1,971.

“Buyers and Sellers need to carefully analyze their own unique circumstances. No one can predict with absolute certainty what will happen next year, but in the highly employed and stable Ottawa market, real estate has been and continues to be a good investment over time. They don’t have a crystal ball, but mortgage brokers and REALTORS® have the education, expertise—and most importantly, the data—to help people make an informed decision for their specific situation.”

By the Numbers – Average Prices:
  • The average sale price for a condominium-class property in October was $445,691, an increase of 9% from 2021.
  • The average sale price for a residential-class property was $677,873, decreasing 5% from a year ago.
  • With year-to-date average sale prices at $780,390 for residential units and $456,470 for condominiums, these values represent an 8% increase over 2021 for residential-class properties and a 9% increase for condominium-class properties.

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 5,186 properties compared to 4,012 last year at this time.

Courtesy of the Ottawa Real Estate Board
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Featuring Michael D'Aloisio - Partner with Kelly Santini LLP

Dealing with Death & Divorce can strike fear in even the most experienced Realtor! Mike will inspire confidence in dealing with these potentially scary issues by answering questions such as: What is an Estate? Who is a Spouse? Whom do you deal with? Who signs what & when? What documents are required? And much more!

Since 2009, Mike has built a practice catering to the many legal needs of real estate buyers, sellers and wills and estates with sage advice with respect to estate planning strategies that can help his clients achieve their goals and minimize tax obligations now and in the future. In addition, Mike has become a well-known speaker on legal issues in the Ottawa area. You will not want to miss this event!

Date and time: Wednesday, October 19, 2022, Noon – 1:00 PM EDT

Location: TRU Realty, 403 Bank Street, Staples Spotlight Theatre, Ottawa, ON K2P 1Y6

Limited Seating so RSVP asap: Here


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We are very thrilled to announce that Kim Duong-Vu has joined TRU Realty!

Kim studied tourism management and real estate at UBC in Vancouver before earning her license to sell real estate in BC and then in Ontario when she moved to Ottawa.

Kim is passionate about helping first-time home buyers, investors, retirees and families buy and sell a home as well as helping her community. Her energy and professionalism, is motivated for providing the unwavering support her clients need to sell or buy a home. She understands that every person, every family has special needs and requirements – and she strives to help make sure that each and every client takes steps to realize their dreams.

It was with that same passion and professionalism that TRU Realty strives to support their Realtors! We encourage all who know Kim to trust her with their real estate needs - you won’t be disappointed!

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We are thrilled to announce that Marina Karshuli has joined TRU Realty!

Marina believes every home is unique and recognizes the same is true of every homeowner and with that mindset she approaches working with her clients. In just a few short years, Marina has gone from a newly licensed Realtor to one of the top agents in the city! Clearly, her efficiency, responsiveness and knowledge has earned her many clients trust!

When Marina chose to make TRU Realty her new brokerage, we were TRUly honoured! 

We encourage all Marina's clients, friends and family to contact her for all their real estate needs!

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We are really excited to announce that Sophia Choroshansky has joined TRU Realty! 

Sophia has established herself as one of the top Realtors in Ottawa! Her no-nonsense approach, integrity and competence have attracted hundreds of satisfied clients and she is very proud of the relationship she has developed with them. In each transaction, she endeavours to make the experience a painless and pleasant journey so her clients can make the best decision for their families!

Sophia recognised that her level of service is enhanced by the great team of people surrounding her. In that regard, we were honoured to have Sophia join TRU Realty! The values that Sophia exemplifies are the same that our brokerage appreciates. 

We echo Sophia's own invitation to her clients, family and friends: "It would be my pleasure to help guide you along your personal journey to success!"

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We are very excited to welcome Gisele Pethick to TRU Realty!

Gisele has enjoyed a long career in the real estate industry both in administration & sales. In 1999, she started her first position as a real estate office receptionist for a busy Ottawa office. From there she transitioned into an admin assistant, to licensed sales to deal processing to trade approvals to brokerage accounting and even brokerage management! That vast and varied experience is a unique and incredible asset that Gisele has gladly shared with colleagues and clients to assist them in their real estate goals!

Gisele was attracted to TRU Realty's management and dedication to professionalism in the industry. In return, we are thrilled to benefit from Gisele's integrity, honesty and loyalty, qualities that TRU Realty stands for. We are honoured to know Gisele chose TRU Realty as her real estate brokerage!

On behalf of Gisele, we invite all of her past clients, family and friends, to contact her with any and all their real estate needs!

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Members of the Ottawa Real Estate Board sold 1,137 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,565 in August 2021, a decrease of 27 per cent. August’s sales included 850 in the residential-property class, down 27 per cent from a year ago, and 287 in the condominium-property category, a decrease of 28 per cent from August 2021. The five-year average for total unit sales in August is 1,603.

“August is a traditionally slower month in Ottawa’s resale market ebb and flow cycle due to summer vacations. Compounding the slowdown in market activity, Buyers are uncertain about their purchasing power given impending additional interest rate hikes,” states the Ottawa Real Estate Board President.

“The lightning speed at which homes were selling at the start of 2022 is a thing of the past, evidenced by Days on Market (DOMs) inching closer to that 30-day mark. We have also observed a return to standard financing and inspection conditions and fewer multiple offer scenarios."

Additional figures:
  • The average sale price for a condominium-class property in August was $421,966, an increase of 4 per cent from 2021.
  • The average sale price for a residential-class property was $707,712, increasing 5 per cent from a year ago.
  • With year-to-date average sale prices at $795,978 for residential and $457,771 for condominiums, these values represent a 10 per cent and 9 percent increase over 2021, respectively.*
  • 2,093 properties were listed in August, boosting inventory to nearly 3 months for residential class properties and 2.2 months for condominiums.

“Prices are still rising slightly in some areas, albeit lower single-digit percentage increases, bringing back the moderate price-growth stability that is characteristic of the Ottawa resale market. What happened to prices in 2020 and 2021 was unusual. We are moving towards a balanced market state, where Buyers have choices and Sellers need to ensure they are pricing their properties accurately."

"The informed market knowledge and insight of a licensed REALTOR® is critical to both Buyers and Sellers navigating market shifts. Sellers will want to closely explore with their REALTOR® the best time and price to list their home to optimize a property's days on market. Buyers can use the extra time to work with their REALTOR® on due diligence and finding a dream home that meets their needs within their financial parameters."

REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 4,172 properties compared to 3,182 last year at this time.

Courtesy of the Ottawa Real Estate Board

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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.