This year, Ottawa’s seller’s market was dominated by young families and couples. First-time buyers are expected to dominate the market in 2019. Rising interest rates and the stress test were significant factors to Ottawa’s housing market, and this is expected to continue in 2019. The current three months of inventory is expected to remain stable going into the new year. In the luxury segment, an emerging trend is buying the property for the land and tearing down to make way for a new build.