Strategic Buyers in Ottawa Are Acting Now—Should You?

I hope this message finds you well. As we enter October 2025, many buyers are wondering whether now is the right time to make a move in Ottawa’s real estate market. Here are a few key insights I’d like to share with you:

Interest Rates

• The Bank of Canada cut its key rate in September, and another cut may come before year-end. This could lower borrowing costs further.

• Fixed-rate mortgages have already dropped significantly, meaning we may not see much more downward movement this year.

• Variable-rate mortgages are currently lower than fixed, but they do carry more risk in a shifting economy.

Market Trends

• Demand is split between ground-oriented homes (townhouses, semis, and detached) and apartments.

• Townhouses and semi-detached homes are the strongest segment, expected to see the most price growth. Detached homes are gaining steadily, while older downtown condos are experiencing weaker demand and price reductions.

• Inventory is higher than last year, giving buyers more options—but Ottawa’s stable economy means prices are not expected to fall dramatically.

Strategic Considerations

• More listings mean more choice, but careful neighborhood and property-level analysis is crucial to avoid overpaying.

• Waiting for lower rates could backfire if buyer competition increases and pushes prices up.

• October offers a balanced market with real opportunities for strategic buyers.

Final Takeaway
This fall presents a window of opportunity for buyers who are ready to act thoughtfully. With interest rates trending down and inventory levels up, you can find the right property while maintaining negotiating power.

👉 If you’ve been considering a purchase, now is a great time to review your options together. Let’s discuss what neighborhoods and property types would work best for your goals.

Please feel free to reply to this email or give me a quick call to set up a time—we can go over your situation in detail and build the right plan for you.

👉 Don’t wait too long—opportunities in Ottawa’s most desirable segments are already getting more competitive.

Warm regards,

Tom Witek