Looking back at March…
March came and went so quickly we could barely believe it! Here’s a quick recap of our listings, the state of the market, and more.
International Women’s Day
The women on our team got together to celebrate International Women’s Day at Cantina Gia.
April Home Maintenance with Reed Allen
Spring is here, and your home could use a little post-winter love! Here are a few quick April tasks to keep things running smoothly:
Inspect your roof and gutters for winter damage or blockages.
Check exterior caulking and weather stripping - especially around windows and doors.
Book your A/C tune up before the summer rush.
Power wash your patios, decks, and walkways to refresh your outdoor space.
Swap out your furnace filter and test smoke/CO detectors.
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 to Expect at Your Final Walk Through Before Closing with Vineet Kauden
You’re almost at the finish line - office accepted, inspection done, financing secured. But before the keys are officially yours, there’s one final step: the walk-through. Usually done 24-48 hours before closing, this isn’t a formal inspection - it’s your last chance to make sure everything is as agreed. That means checking that repairs were done, appliances are working, and no unexpected damage has popped up since your last visit. If anything’s off - like a missing fixture, leak, or incomplete repair - we’ll help address it before closing. Because once it closes, those issues are all yours.
What’s the Real Cost of Owning a Home?
If you’re only budgeting for your mortgage, you’re missing a big part of the picture. First-time buyers in ottawa are often surprised by how much owning a home actually costs month-to-month. You should expect additional costs in the form of property taxes, utilities and bills, home insurance, ongoing maintenance, as well as saving in an emergency fund. At New Purveyors, we’ll walk you through the real numbers, so you can buy with confidence (and no surprises).
What are Smart Investors Looking for in Ottawa Right Now?
Ottawa remains one of Canada’s most reliable real estate markets - stable, growing, and packed with potential. So what are savvy investors focusing on in 2025? First, high rental demand. With a booming population, tons of students, and steady government/tech jobs, rentals in neighbourhoods like Westboro, Kanata, and Alta Vista are flying off the market. Second, strong appreciation. Ottawa’s market rarely dips, and home prices have only dropped 4 times in the past 50 years. Value-add opportunities are also important, from legal basement suites to cosmetic renos, investors are boosting ROI in older neighbourhoods like Sandy Hill and Vanier.
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
The Ottawa housing market remained relatively stable in March, with 1103 homes sold - down 6.2% compared to March of last year. While sales continue to fall below both the five and ten year averages, buyer activity is gradually increasing as interest rates ease and the spring market builds momentum.
Inventory is growing significantly, with 3769 active listings - up over 60% from the same time last year. Months of inventory now sit at 4.3, giving buyers more options and creating a more balanced market overall.
Prices are holding steady across most property types. The benchmark price for a single-family home is now $698,700, a 2.7% increase from last year. Townhomes saw a 3% increase to $431,200, while condo prices dipped slightly to $400,900, down 4.3% year over year.
As the market picks up, both buyers and sellers have an opportunity to make strategic moves this spring. If you’re considering a change, let’s connect and chat about your options.
To learn more, check out our full blog post HERE
Pet of the Month
Meet Nina! Nina is an American Bully, she is 5 months old and loves car rides and cuddles.
Send us your pets for the chance to be featured next month!
