ADAM MILLS REALTY

Will Ottawa real estate cool down this fall?

The busiest selling months in real estate are April, May, June, and July. Usually, in the summer months, we see sales slowing down. This trend is typical in real estate markets across Canada, and Ottawa is no stranger to this trend.

This Fall’s real estate market in Ottawa won’t be cool at all. In a forecast by Royal LePage, it is expected that aggregate local home prices are to increase up to 17% year-over-year in the final quarter of 2021.

There is still some hope in the Ottawa market this fall; with an expected increase in the supply of homes, the selling pace seen earlier in the year will likely slow, with homes staying on the market a bit longer. Although, with the cyclical nature of the Ottawa real estate market, activity will once again heat up.

Many real estate experts predict an increase in buyers over the coming months, more so than in years past. With these predictions, Ottawa and most of Canada will likely remain in a seller’s market for the remainder of 2021.

While 2021 real estate will still be turbulent, buyers shouldn’t be scared to enter the market. With the right help, financial preparation and determination, buyers can still prevail.

If you are thinking about making your real estate move this season, you need a strong team on your side. Whether you are looking to buy or sell property in the Greater Ottawa Area, it is critical that you have a real estate agent on your side who understands your needs. Adam Mills and his team have been in business for over ten years and have a proven track record for success. Our team is composed of knowledgeable and experienced professionals who are happy to help you navigate the ever-changing Ottawa real estate market. Please contact us at 613-825-7653 or email us at info@ottawaishome.com for more information or help with your relocation.