How to Find a Bigger Home Without Overpaying in Ottawa’s Busy Market

Описание: More and more big families are moving in together under one roof in Ottawa's real estate marketplace because homes are expensive and there aren’t enough of them to go around.

Here are the numbers in December 2024, which generated plenty of housing activity due to decreasing mortgage rates.

𝗦𝗲𝗹𝗹𝗲𝗿𝘀’ 𝗠𝗮𝗿𝗸𝗲𝘁 𝗕𝘆 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗧𝘆𝗽𝗲

𝗥𝗲𝘀𝗶𝗱𝗲𝗻𝘁𝗶𝗮𝗹:

𝟮-𝗦𝘁𝗼𝗿𝗲𝘆 𝗧𝗼𝘄𝗻𝗵𝗼𝗺𝗲𝘀:

➡️ 98 sales

➡️ 89 new listings

𝟯-𝗦𝘁𝗼𝗿𝗲𝘆 𝗧𝗼𝘄𝗻𝗵𝗼𝗺𝗲𝘀:

➡️ 27 sales

➡️ 17 new listings

𝟮-𝗦𝘁𝗼𝗿𝗲𝘆 𝗦𝗶𝗻𝗴𝗹𝗲-𝗙𝗮𝗺𝗶𝗹𝘆 𝗛𝗼𝗺𝗲𝘀:

➡️ 136 sales

➡️ 110 new listings

𝗕𝘂𝗻𝗴𝗮𝗹𝗼𝘄𝘀:

➡️ 65 sales

➡️ 49 new listings
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𝗕𝗮𝗹𝗮𝗻𝗰𝗲𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗕𝘆 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗧𝘆𝗽𝗲:

𝗦𝗲𝗺𝗶-𝗗𝗲𝘁𝗮𝗰𝗵𝗲𝗱 𝗛𝗼𝗺𝗲𝘀:

➡️ 24 sales,

➡️ 25 new listings

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𝗦𝗲𝗹𝗹𝗲𝗿𝘀’ 𝗠𝗮𝗿𝗸𝗲𝘁 𝗕𝘆 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗧𝘆𝗽𝗲

𝗖𝗼𝗻𝗱𝗼

𝟯-𝗕𝗲𝗱𝗿𝗼𝗼𝗺 𝗣𝗹𝘂𝘀 𝗧𝗼𝘄𝗻𝗵𝗼𝗺𝗲𝘀:

➡️ 43 sales

➡️ 36 new listings

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𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:

➡️ More buyers than homes means a chance for strong offers.

➡️ Townhomes, bungalows, single-family homes, and condos offer more living space options for bigger families.

➡️ Semi-detached homes offer a more balanced market, which might give buyers more time to decide.

➡️ Converting a basement or a garage into an in-law suite in an existing property or adding a coach house on an existing property are starting to address the housing shortage crisis large families are facing.
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P.S. One of my specialities is helping multi-generational families find spacious homes in Ottawa’s most family-friendly neighbourhoods, creating room for everyone to thrive and prosper.

Feel free to reach out to me if there is something you and your family are struggling with.

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