A Recap of November in Ottawa
Ottawa’s housing market slowed more than usual this November, with rising inventory giving buyers more options and putting added pressure on certain property types, especially condos and townhomes. Prices remain stable overall, but the shift toward higher supply is shaping a more cautious, more balanced market as we head into the new year.
Welcome, Bo!
Help us give a warm welcome to Bo Yu, joining our team with over a decade of experience in the world of real estate. Read our full interview with him here.
Holiday Photo Recap
We had an amazing time hosting clients, friends, and family in the office for our annual holiday photoshoot. Every year, we open our doors to create a festive photoshoot for your holiday cards, scrapbooks, and family albums - and it’s one of our favourite events. Scroll to the bottom to see a recap of just some of the furry friends who visited us as well!
Letters to Santa
We can’t confirm how he got here, but a very determined elf showed up at our office this week and delivered a bright red ‘Letters to Santa’ mailbox, right to our front door. No warning… no note.
If someone in your life wants to send a letter to Santa, and get one back, the mailbox is outside our office at all hours. Just drop in your letter with a return address, and keep an eye on your mail. It seems like Santa will take care of the rest.
Vineet Kauden: Ottawa Real Estate in Winter
Selling in Ottawa during the winter isn’t as limiting as it may seem. With fewer homes on the market, your listing can get more visibility, and the buyers who show up are often serious and motivated. Less competition also creates more room for negotiation, making winter a strategic window for sellers who price appropriately and present their home well.
Strong marketing matters even more this time of year. Professional photos, warm lighting, clean and welcoming entryways, and clear, safe walkways all help your home stand out despite grey skies and snow. Highlighting winter-ready features like efficient heating, modern windows, or a fireplace can also make a meaningful impact. While showings move at a slower pace, sellers who prepare thoughtfully often see successful outcomes even in the coldest months.
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!
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:
Charlene Weber: Ottawa Condo Market Update for 2025
Ottawa’s condo market in 2025 is calm, steady, and balanced, giving both buyers and sellers room to breathe. Prices have held close to 2024 levels, inventory has ticked up, and condos are spending a bit longer on the market, which means buyers have more choice, less competition, and stronger negotiating power. For sellers, success now comes from smart pricing, clear priorities around timing versus price, and strong marketing that helps a listing stand out. Looking ahead to 2026, slower new condo construction and an ongoing demand for urban, affordable housing suggest that today’s balanced conditions could set the stage for future pricing growth.
Vineet Kauden: Assumable Mortgages
With rates still higher than the ultra-low days of 2020 to 2022, many Ottawa buyers are looking beyond traditional mortgages. One option gaining more attention is the assumable mortgage, where a qualified buyer can take over the seller’s existing loan, including their interest rate and remaining term. Assumable mortgages are rare, so buyers are also turning to strategies like vendor take-back mortgages, co-ownership, secondary dwelling units for rental income, and structured rent-to-own agreements to improve affordability.
Fernanda Cordeiro: Why More People are Choosing to Downsize their Homes
Our grade 11 co-op student, Fernanda, took a look at why more people are choosing to downsize their homes. More homeowners are choosing smaller spaces, and the shift is driven by practical benefits rather than sacrifice. A smaller home often means lower monthly costs, fewer repairs, and reduced property taxes, freeing up money for travel, hobbies, or savings. It also cuts down on maintenance, which appeals to busy professionals and longtime homeowners who want a simpler, easier-to-manage space.
Neighbourhood Monthly Statistics
Ottawa eased into a slower pace this November, with sales dropping more than usual for the season and inventory continuing to build. The market remains balanced overall, but the rising supply, especially in condos and townhomes, gives buyers more options and puts added pressure on sellers to price strategically.
What Happened in November
• 880 homes sold, down from October and 18% lower than last year
• Average sale price: $680,496, holding steady at just over 2% higher than last November
• Single-family homes remain the strongest segment, averaging $825,827
• Active listings reached 3,721, more than 30% higher than last year
• Months of inventory rose to 4.2, signalling a move toward higher supply
• Condos are the softest part of the market, with inventory above seven months and sales down more than a third
What This Means for Buyers
More choice, less competition. With rates easing and inventory climbing, buyers enter one of the most favourable winter markets we’ve seen in years.
What This Means for Sellers
Pricing and presentation are critical. Single-family homes continue to perform well, but condos and townhomes may take longer to sell in today’s conditions.
Want to talk strategy for 2026?
If you’re thinking about moving next year, or just want clarity on how these trends impact your neighbourhood, reach out anytime.
To learn more, check out our full blog post HERE
Pet of the Month
We wanted to take this month to highlight just some of the amazing furry friends who came to visit for our holiday photoshoot!
Send us your pets for the chance to be featured next month!
