A Recap of July in Ottawa
July was an amazing month at New Purveyors. Have you had a chance to visit our new office yet? We moved next door! Read on to get the rundown on the current state of the market as well as some buyer/seller tips.
Where Buyers are Gaining Ground
Ottawa’s real estate market continues to show steady demand, with some shifts worth noting as we approach the fall.
Detached Homes remain the most popular, with prices up 3.5% year-over-year to an average of $852,619. Despite a small drop in sales (down 3.4%), well-priced, move-in-ready homes are still seeing strong interest. Buyers should be ready to act quickly, as demand outpaces supply.
Townhouses saw the largest increase in sales (up 22.5%), with buyers gravitating toward these more affordable options. Prices dipped slightly, but inventory remains low at just 2.3 months. This is a great opportunity for buyers, while sellers should focus on presentation to stand out.
Condos faced a slower month, with a 23% drop in sales and longer time on market. This gives buyers more choice and time to negotiate, but sellers will need to enhance their property’s appeal with staging and competitive pricing.
As we head into fall, more inventory and motivated sellers are expected. Whether you're buying or selling, now is the time to prepare and make your move in Ottawa’s evolving market.
Meet the New Purveyors Run Club!
Twice a week, the team gets together to work on our cardio! If you see us running around Ottawa, please cheer us on- or even better, join us! Tuesdays at noon and Fridays at 11 AM.
Real Estate News
Interested in hearing more from our agents about real estate? Let’s dive into some of our top blog posts this month:
What’s Included and What’s Not? The Home Features Buyers Always Assume Come Standard in Ottawa
When buying a home in Ottawa, it’s easy to assume certain features come standard, but surprises can pop up. For freehold homes, things like central air conditioning, garage door openers, and appliances might not be included, especially in older homes. In condos, parking spots, storage lockers, and HVAC systems can vary. Always double-check what's included in the listing or get it in writing to avoid surprises. Working with an experienced agent ensures you're covered and know exactly what you're getting before making an offer.
Ottawa’s Hidden Home-Buying Rules You Need to Know
When buying a home in Ottawa, there are a few hidden quirks that could catch you off guard. From snow storage and school zoning, to backyard permits and the complexities of POTLs (Parcels of Tied Land), there’s more to consider than just what’s on the listing. In older neighbourhoods, insurance costs might spike due to outdated systems, and what looks like a high offer might not be enough to win in this competitive market. Working with a knowledgeable agent can help navigate these hidden rules and avoid costly surprises.
Thinking of Co-Buying a Home in Ottawa? Here’s What You Need to Know
With rising home prices in Ottawa, more buyers are teaming up to make homeownership a reality. Whether it’s with friends, family, or as an investment, co-buying can be a smart way to save money and build wealth. However, it’s essential to consider ownership structures, financial responsibilities, and long-term plans before diving in. Options like joint tenancy and tenants-in-common offer different levels of flexibility. It’s also important to establish clear agreements regarding costs, repairs, and exit strategies. At New Purveyors, we can help guide you through the process, ensuring you find the right property and legal advice to suit your shared goals.
FirstList (formerly Knokd)
Discover the hidden world of off-market real estate with FirstList! Did you know that 1 in 3 properties are shared off the public market as "Coming Soon" or "Exclusive"? Gain access to this exclusive inventory and elevate your home search or listing strategy today!
FirstList offers personalized approaches tailored to your needs, providing targeted and discreet exposure for listings before they hit the open market. Say goodbye to one-size-fits-all listings and hello to a customized real estate experience.
Contact your agent for more information on listing your property exclusively!
Ourboro
At New Purveyors, we're excited to introduce Ourboro's co-investment partnership—a game-changing solution to expedite your path to homeownership. By co-investing with Ourboro, you can secure a 20% down payment without additional debt, gaining access to expert guidance and a competitive edge in the market. Contact us to learn more and unlock your dream home sooner!
Neighbourhood Monthly Statistics
Ottawa’s housing market remains steady, with moderate price growth and a healthy level of supply, even as other Ontario markets experience volatility. Active listings have risen, indicating more options for buyers, though the sales-to-new-listings ratio suggests that demand is still keeping pace with supply.
The condo market, particularly in downtown Ottawa, has softened, but overall, the market remains resilient. In July 2025, 1,318 homes were sold, marking a 4.9% increase over last year, with an average sale price of $695,209—up 2.2% from 2024. New listings and active listings both saw increases, offering more choices for prospective buyers.
While the condo market faces challenges, single-family homes and townhouses continue to see price increases. The MLS® Home Price Index shows a 1.9% year-over-year increase, with townhouses seeing the largest jump at 8.3%.
Despite a slight rise in months of inventory (3.2 months), Ottawa’s market remains balanced and stable, making it a prime time for both buyers and sellers.
To learn more, check out our full blog post HERE
Pet of the Month
Meet Vinny! He’s a beloved member of one of Meagan’s client’s families. Vinny is quiet, cuddly, and all around a very good boy.
Send us your pets for the chance to be featured next month!
