Great Time to Buy Ottawa Real Estate

People are always wondering "When should I buy a home?", "Is now a good time to buy?", "Should I buy a home now?". We don't have a crystal ball but now feels like the very best time to buy. Great deals in the Ottawa real estate market. 
What are you looking for? More square footage? better location? Newer home with updated kitchens? Whatever is on your list we can help you find it! 
What if I told you you can get a great deal in the Ottawa housing market right now? ?
?I'm Chelsea Hamre from the Hamre Real Estate Team at RE/MAX Affiliates in Ottawa
My clients just purchased this beautiful condo here in the East Village ?
?The East Village is just a putt in a chip away from the golden triangle and the Glebe where you'll find lots of local eateries, little mom & pop shops.
?It's quite the trendy neighbourhood to be in. My client is thrilled. She's a first time home buyer relocating from out of town.
?This was another RE/MAX referral - this trust and confidence is fantastic and this network is so powerful.
There is lots of confidence and clarity, for buyers relocating either in different neighbourhoods here in Ottawa or from different cities to here in Ottawa.?
?She is so happy and she moved here for lifestyle and job opportunity!
?Ottawa has so much offer and if I can help you find your home here, please give me a call at (613) 868-3551  
 RE/MAX is anticipating steady price growth across the Canadian real estate market in 2022, with inter-provincial migration continuing to be a key driver of housing activity in many regions, based on surveys of RE/MAX brokers and agents, as reflected in the 2022 Canadian Housing Market Outlook Report. The ongoing housing supply shortage is likely to continue, putting upward pressure on prices. As a result of these factors, RE/MAX Canada estimates a 9.2-per-cent increase in average residential sales prices across the country.

What is Fueling This Growth Nationwide and in Ottawa? 

The trend that the RE/MAX 2022 Housing Market Outlook is picking up on is interprovincial relocation. We see this often in Ottawa where there is an abundance of jobs that are worth relocating for. We have such a strong government and military sector in Ottawa that people are often moving in and out of the city which will continue to fuel inventory as well as the demand for favourable neighbourhoods. RE/MAX asked brokers nationwide for their opinion based on trends they were seeing in their markets. 

  • Migration between provinces is expected to continue in 2022, potentially impacting local Canadian real estate conditions, according to 53 percent of RE/MAX brokers (20 out of 38)
  • 49 percent of Canadians believe the housing market will remain steady in 2022 and view real estate as one of the best investment options over the next year
  • Some of the highest outlooks are anticipated for Atlantic Canada, with Moncton and Halifax projecting average residential sales prices to increase by 20 percent and 16 percent respectively in 2022
  • 95 percent of regions (36 out of 38) surveyed are likely to remain seller’s markets in 2022

Despite the global pandemic, many Canadians still feel confident in the real estate market. According to a Leger survey conducted on behalf of RE/MAX Canada, 49 percent of respondents believe Canadian real estate will remain one of their best investment options in 2022 (59 percent of homeowners vs. 34 percent non-homeowners which included renters, those not looking to buy, and those currently looking to purchase). Additionally, 49 percent of respondents are confident the Canadian real estate market will remain steady next year.

If you want to make a move to Ottawa this year, let's talk and let's make it happen! Reach out via the contact form below. We look forward to talking to you. 

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