Ottawa Buyers FINALLY Have Some Leverage | Ottawa Real Estate Market Update

Ottawa’s market isn’t crashing, but buyers are not shopping in the same market they were a year ago. Sales are down. Listings are up. Townhouse inventory is sitting at the highest May level shown in this report since 2016. Condos are showing the most pressure. This video is for the buyer who keeps hearing “more inventory” and wants to know what that actually gives them while they’re actively looking. More room to compare. More room for conditions. More sellers competing with similar listings. And more time to send the MLS to your lender, look through the numbers, and decide if the property is actually worth moving forward on. This is exactly what I’m seeing while working with buyers in Ottawa right now, and honestly, it’s nice to see buyers finally having a little more room to do the process properly. Rebecca LiuOttawa Realtor® eXp Realty [email protected] 613-879-9650 #OttawaRealEstate #OttawaMarketUpdate #OttawaRealtor #OttawaHousingMarket #buyinginottawa 00:00 Ottawa market shift: listings up, sales down 00:19 Why this is not a market crash 00:39 How more inventory changes the buying process 00:59 Ottawa townhouse inventory hits highest May level since 2016 01:24 What more townhouse inventory gives buyers 01:44 When sellers start competing with similar listings 02:00 Why conditions matter more in this market 02:28 Walking away after reviewing the status certificate 02:49 The biggest buyer win is room to verify the purchase 03:13 Buyers are not dealing with the same scarcity 03:30 Well-priced homes can still move quickly 03:52 Ottawa condos: more opportunity, more due diligence 04:14 Condo fees, reserve funds, insurance, and status certificates 04:30 Looking at the full monthly cost after closing 04:47 Sold comparables vs active listings 05:09 Why seller pricing strategy matters right now 05:33 Main takeaway for Ottawa buyers 05:54 How to talk through your own Ottawa home search -------------------------------------- 📍 Thinking about relocating to Ottawa? I’ve not only helped several families make the move here to Ottawa but I’ve also made a few relocation moves my self - I know just how hard it can be. I focus on helping you with all the aspects of your move here, from moving discounts to timing the sale/purchase of your home, finding the right neighbourhood for you & more. 📩 Reach out directly: 613-879-9650 | [email protected] 📘 I put together a Free Ottawa Relocation Guide to help you get things in order for your actual move, you can go ahead and grab it here: rebeccaliu.expchime.com/relocation No idea where to live in Ottawa yet? Go through this questionnaire and get immediate CUSTOM neighbourhood suggestions tailored to you & what you need: https://ottawa-neighbourhood-guide.my... Are you a military family being posted to Ottawa? I’m on the approved BGRS realtor list and familiar with the relocation process.