Blog - Ritchie Twins

Delayed Spring Real Estate Market Sparks Renewed Buyer Confidence in Ottawa Housing

1,807 residential properties were sold in the month of May. This was an 14.9% increase from May 2024. “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 OREB President Paul Czan. “April’s federal election took up real estate in consumers’ […]

Ottawa Housing Market Gains Traction Amidst Rising Stability

1,306 residential properties were sold in the month of April. This was an 11.2% decrease from April 2024. “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,” adds Czan. “Sellers, meanwhile, are adjusting to longer days […]

Ottawa Real Estate: Maintaining Balance as Activity Increases

1,103 residential properties were sold in the month of March. This was a 6.2% decrease from March 2024. “The Ottawa housing market in March 2025 remained relatively stable, with sales activity slightly lower than the same period last year,” said OREB President Paul Czan. “However, we’re seeing continued momentum month-over-month as the spring market gains […]

Navigating Change: Ottawa’s Real Estate Market Update

809 residential properties were sold in the month of February. This was a 10.2% decrease from February 2024. “Ottawa’s sales activity moderated while prices held steady,” says OREB President Paul Czan. “Despite increased inventory, market uncertainty continues to influence buyer and seller decisions. Some sellers who had previously delayed listing are now entering the market, […]

Real Estate Market Shift in Ottawa: More Homes, Watchful Buyers

617 residential properties were sold in the month of January. This was a 4.2% decrease from January 2024. “Ottawa’s market is seeing increased activity as more listings hit the market and buyers start to re-engage,” says OREB President Paul Czan. “Many buyers and sellers had been waiting for more conducive market conditions, but with the […]

Ottawa’s December Real Estate Market Closes Year with Optimism

613 residential properties were sold in the month of December. 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. “A year of wait-and-see came to a close with the expected slowdown over the holiday season,” says OREB President […]

Ottawa’s Real Estate Market Making Headway

1,059 residential properties were sold in the month of November— 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. “Ottawa’s market is making headway on a long road back from the slowdown experienced […]

Ottawa Resale Real Estate Market Sees Cautious Confidence Boost

1,179 residential properties were sold in the month of October. This is a 10.4% increase compared to October 2023. “We’re seeing positive movement in Ottawa’s market with sales activity up,” says OREB President Curtis Fillier. “This is especially interesting because there has been sustained activity throughout the year instead of the typical seasonal spikes and […]

Key Mortgage Changes in Ontario in 2024

Interest Rates are dropping! Are you thinking about Buying or Selling? Here are some key mortgage changes in Ontario in 2024: 30-year amortization for first-time homebuyers of new builds: As of August 1, 2024, first-time homebuyers purchasing new builds can now stretch their mortgage payments over 30 years instead of the standard 25 years. Increased […]

Ottawa’s Real Estate Home Sales Remain Strong Despite Market Changes

1,047 residential properties were sold in the month of September. This is a 11.4% increase compared to September 2023. “As we navigate a shifting housing market, Ottawa’s fall outlook is healthy,” says OREB President Curtis Fillier. “Activity is robust with an uptick in sales and prices remaining steady. Meanwhile, both buyers and sellers are rethinking […]