A Recap of May in Ottawa
As we head into summer, Ottawa’s real estate market is showing signs of renewed energy. Here’s what’s happening and what it means for you.
Ottawa Homeowner Incentives for 2025
Thinking about buying or renovating this year? There are plenty of ways to save.
Ottawa homeowners and first-time buyers have access to a wide range of grants, loans, and rebates in 2025—many of which can be combined to lower your out-of-pocket costs.
Highlights include:
Up to $8,900 in rebates for insulation upgrades
Low-interest loans of up to $125,000 from the City of Ottawa
Interest-free loans of up to $40,000 from the federal government
First-time buyer perks like the RRSP Home Buyers’ Plan, a $4,000 land transfer tax rebate, and a $1,500 tax credit
Specialized tax credits for accessibility and multigenerational homes
Whether you're upgrading for energy efficiency or making your first purchase, understanding the programs available could mean thousands in savings.
Need help navigating it all? We’re here for that. Read more from Kevin Morris here.
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:
Should You Buy a Home Now or Wait for Interest Rates to Drop?
Interest rates are slowly starting to ease in 2025, but for Ottawa buyers, waiting for the perfect rate might cost more in the long run. Home prices are trending upward, and even a small rate drop may not outweigh future price increases. If you’re financially ready, pre-approved, and planning to stay put, buying now could mean building equity sooner and avoiding rising home values. Not quite ready? Use this time to prepare.
What’s it Really Like Living in Downtown Ottawa?
More people are choosing walkability, culture, and convenience over square footage, and downtown Ottawa delivers. With top-rated restaurants, festivals, bike lanes, transit access, and unique neighbourhoods like Centretown, Sandy Hill, and the Golden Triangle, it’s a lifestyle that just makes sense. Condos, heritage homes, and stylish rentals offer something for every buyer or renter, whether you’re commuting downtown or working remotely.
Should You Buy or Sell First in Ottawa?
If you’re planning a move, one of the biggest decisions you’ll face is whether to buy or sell first. The right answer depends on your finances, your timeline, and your property. Selling first gives you financial clarity and reduces risk, but can mean temporary housing or tight timelines. Buying first works well if you’ve found your dream home or live in a hot-selling neighbourhood, but you’ll need to be comfortable carrying two homes or using bridge financing.
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 real estate market is picking up steam after a delayed spring, with May sales jumping over 30% compared to April. The average home sold for $728,623, up nearly 5% from last year, while inventory is also growing, giving buyers more choice than we’ve seen in a while.
For sellers, homes are still selling close to asking price, but standing out matters more now that competition is rising. For buyers, stable prices and more options makes this a great time to re-enter the market with confidence.
To learn more, check out our full blog post HERE
Pet of the Month
Meet Duke! Duke is a year and a half old golden doodle that loves licking ears.
Send us your pets for the chance to be featured next month!
