Shara Turner : Blog : Latest Blog Posts

Open House. Open House on Sunday, April 19, 2026 2:00PM - 4:00PM

Fri, 17 Apr 2026 09:49:54 GMT

Please visit our Open House at 606 129A South Street in Gananoque. See details here

Open House on Sunday, April 19, 2026 2:00PM - 4:00PM

Experience elevated waterfront living in this stunning 2-bedroom, 2-bath penthouse offering 270-degree panoramic views of the St. Lawrence River and the Thousand Islands. Soaring ceilings and expansive window walls flood the space with natural light and showcase breathtaking vistas from the marina to the open river. Enjoy seamless indoor-outdoor living with a very private wraparound patio featuring a gas BBQ connection-perfect for relaxing or entertaining. The open-concept layout includes refined finishes throughout, a gas fireplace, built-in speakers, electric blinds, and a chef's kitchen with high-end appliances, designer cabinetry, and a waterfall island. A dream for boating enthusiasts, this residence includes a private boat slip with direct access to endless waterways-from the Atlantic Ocean to the historic lock system connecting Kingston and Ottawa. Located minutes from Smugglers Glen Golf Course, nominated as Best New Course in Canada and ranked among the country's top value courses, and close to exceptional hiking, biking, and recreation. Includes two storage lockers (one of the largest on the floor) and dedicated parking. A rare opportunity to enjoy luxury, lifestyle, and unmatched natural beauty in the heart of the Thousand Islands.

Open House. Open House on Sunday, April 19, 2026 2:00PM - 4:00PM

Fri, 17 Apr 2026 09:49:38 GMT

Please visit our Open House at 221 129B South Street in Gananoque. See details here

Open House on Sunday, April 19, 2026 2:00PM - 4:00PM

Experience refined waterfront living along the iconic St. Lawrence River in this exceptional 2-bedroom, 2-bathroom corner residence. Showcasing sweeping 270-degree panoramic views to the south, west, and north, this home captures ever-changing skies, sparkling water, and unforgettable sunsets from nearly every vantage point. Designed for those who appreciate both luxury and lifestyle, this residence offers a rare and coveted 44-foot private boat slip-inviting you to move seamlessly from elegant everyday living to effortless escapes on the water. Inside, a thoughtfully designed open-concept layout blends sophistication with comfort. A striking stone accent wall anchors the living space, where a sleek fireplace and curved 60" television create a warm, contemporary focal point-perfect for both intimate evenings and elevated entertaining. The gourmet kitchen is a statement in both form and function, featuring high-end appliances, marble countertops, a custom backsplash, and a layout designed to maximize space and flow. Throughout the home, upgraded hardwood flooring, motorized smart blinds, and curated lighting enhance the sense of modern luxury. The primary suite offers a tranquil retreat, complete with a spa-inspired ensuite and serene water views-an ideal place to unwind and recharge. Additional features include two parking spaces and a generous storage locker, ensuring convenience matches the home's elegance. This is more than a residence-it is a rare opportunity to embrace a sophisticated waterfront lifestyle, where luxury, comfort, and natural beauty converge. Please note that some photos have been virtually staged.

New property listed in Gananoque

Tue, 03 Mar 2026 09:59:45 GMT

I have listed a new property at 221 129B South Street in Gananoque. See details here

Buying a home is one of life’s most meaningful financial decisions—and the experience can be just as rewarding as it is complex. The difference between feeling overwhelmed and feeling confident often comes down to preparation. Before you dive into showing

Mon, 23 Feb 2026 20:04:03 GMT

In today’s market—especially as activity picks up in the spring—being prepared isn’t just helpful, it’s a true advantage. Here’s how to position yourself for success before your home search begins.

Start with a clear vision

Before you look at a single property, take a step back and define what “home” means to you. The more clarity you have upfront, the more focused—and enjoyable—your search will be.

Begin with your must-haves:

Number of bedrooms and bathrooms
Parking needs
Preferred layout (open concept, traditional, single-level, etc.)
Accessibility requirements, both now and in the future

Then layer in your lifestyle considerations:

Proximity to work, schools, parks, and amenities
Access to transit or major routes
Community feel and day-to-day convenience

It’s equally important to identify where you’re willing to be flexible. Knowing your non-negotiables versus your nice-to-haves will save time and help you make confident decisions when it matters most.

Explore the right neighbourhoods

The right home is only part of the equation—where you live shapes your daily life.

Many buyers begin with a specific neighbourhood in mind, but staying open to nearby or emerging areas can unlock opportunities you may not have considered. In some cases, a slight shift in location can offer more space, better value, or a stronger long-term investment.

Taking the time to explore different communities—and understanding how they align with your lifestyle—can make all the difference in finding the right fit.

Partner with a trusted real estate professional

Online listings are a helpful starting point, but they only tell part of the story. Working with an experienced real estate professional gives you access to deeper market insight, strategic guidance, and strong representation throughout the process.

The right agent will:

Refine your search based on current market conditions
Identify opportunities (and potential red flags) you may not see
Guide you through offers, conditions, and timelines
Support you in navigating both the purchase—and sale, if applicable

Having the right partner in place early ensures you’re making informed decisions every step of the way.

Build a budget that feels comfortable

Understanding your finances goes beyond knowing what you can afford—it’s about knowing what feels right for your lifestyle.

When planning your budget, consider:

Mortgage payments
Property taxes, utilities, and insurance
Maintenance and unexpected repairs
Closing costs, land transfer taxes, and moving expenses
Existing financial commitments (loans, savings plans, etc.)
Lifestyle expenses like travel, childcare, and day-to-day living

The goal isn’t to stretch to the maximum—it’s to create a plan that allows you to enjoy your home without financial stress.

Get pre-approved with confidence

A mortgage pre-approval is one of the most powerful tools you can have as a buyer. It gives you a clear understanding of your purchasing power and positions you as a serious, prepared buyer.

With a pre-approval in place, you can:

Act quickly when the right property becomes available
Submit stronger, more competitive offers
Move forward with clarity and confidence

In a competitive market, this step can make all the difference.

Set yourself up for success

The homebuying journey begins long before your first showing. By taking the time to define your goals, understand your finances, and build the right team around you, you’ll be well-positioned to navigate the process with clarity and confidence.

When you’re ready to take the next step, I’m here to guide you every step of the way.

Ottawa Real Estate Market Update — November 2025

Wed, 10 Dec 2025 00:02:01 GMT

Presented by Sotheby’s International Realty

As Ottawa transitioned into early winter, the real estate market embraced a more measured pace. November brought softer sales activity and a more noticeable seasonal slowdown, balanced by encouraging signs such as recent interest rate cuts that may support renewed buyer confidence as we approach 2026.

While active listings declined month to month, months of inventory (MOI) increased, reflecting a stable yet supply-leaning market—especially within the townhome and apartment segments. This environment provides both buyers and sellers with meaningful opportunities to make informed, strategic decisions.

November Highlights

Sales & Pricing

880 homes sold (down from 1,177 in October; 18.2% below November 2024)
YTD sales up 1.5% compared to 2024
Average sale price: $680,496 (+2% YoY)
YTD average price: $699,635 (+3% YoY)
Single-family homes: average price $825,827, up 4.8% YoY and 4% YTD

Supply Trends

Ottawa recorded 3,721 active listings, with MOI rising to 4.2, indicating more selection and more measured pace across market segments.

Townhomes

Average price: $542,607
Down from both October and last year

Apartments / Condominiums

Experiencing the strongest supply pressure
MOI above 7
Sales down over one-third YoY
Prices stable YoY, though elevated inventory suggests a softer underlying environment

New Construction Influence
Close to 70% of 2025 housing starts are concentrated in rental and condo projects, adding to a meaningful pipeline of future multi-unit inventory. Ottawa remains more stable than Toronto’s current condo buildup, but rising supply warrants continued attention through the winter.

Year-to-Date Market Performance

13,075 homes sold in 2025 (+1.5% YoY)
$599M in November sales volume (–16.5% YoY)
Over $9B in 2025 YTD sales volume (+4.6% YoY)
1,458 new listings (–39% from October; +10% YoY)
Active listings: 3,721 (–12% from October; +31.3% YoY)
Seasonal price softening occurred, with a slightly larger-than-usual 4% decline from October

Months of Inventory by Property Type

Single-Family: 4.0
Townhome: 3.1
Apartment: 7.3

The overall market remains balanced, with distinct variations across property types that offer tailored opportunities for different buyer and seller profiles.

Would you like to chat? Please reach out.

Ottawa Real Estate Market Update – October 2025

Thu, 06 Nov 2025 18:38:11 GMT

We continue to see meaningful changes that may impact your future plans. Read on for the details…

This past month, we saw a steady pace of sales alongside a notable increase in new listings. A total of 1,177 homes were sold (a slight -1.2% change from last year), while 2,405 new listings came to market. This has increased our housing supply to 3.6 months of inventory, up from 2.9 months a year ago.

What does this mean?
Buyers now have more choice and negotiating room, while Sellers are still benefiting from stable and growing home values, though with more competition than last year.

Average Prices Across Ottawa (October 2025)

Overall Average Price: ~$709,000 (+5.7% year-over-year)

By Property Type:

Single-Family Homes: ~$857,078 (+6.5%)
Demand remains strong—well-presented homes continue to perform very well.

Townhomes / Row Units: ~$556,302 (-1.2%)
More inventory here means Buyers may find better value and negotiation opportunities.

Condominium Apartments: ~$437,482 (+4.5%)
Condo supply has increased, offering Buyers more selection and flexibility.

Key Takeaways

For Buyers:
You’ll find more selection and time to consider your options, with increased ability to include conditions and negotiate strategically—especially in the townhome and condo segments.

For Sellers:
Pricing and presentation are essential. While values remain strong, today’s Buyers are comparing more listings and are highly informed. Homes that are well-prepared and priced appropriately are still achieving excellent results.

How We Support You

At Sotheby’s International Realty Canada, we provide guidance rooted in market data, strategic pricing, and tailored marketing. Whether you are exploring your first purchase or preparing to sell, we ensure every decision is informed, confident, and aligned with your goals.

If you would like:

A current market evaluation of your home

A list of properties that match your criteria

Or simply a conversation about next steps

Please message me. I’m always here to help.

Warm regards,
Shara Turner, REALTOR

Sotheby’s International Realty Canada

The Ultimate Buyer’s & Seller’s Guide

Thu, 30 Oct 2025 21:17:01 GMT

Whether you’re buying your first home, selling a beloved property, or exploring your next investment, navigating the real estate market can feel like a lot.

Having the right information can make all the difference. That’s why we’ve created The Informed Buyer’s and Seller’s Guide, a comprehensive, easy-to-follow resource designed to help you move forward with confidence, clarity, and a strategic edge.

Why You’ll Want This Guide

Think of this as your go-to handbook for everything real estate. We’ve brought together expert insights, practical tips, and a clear breakdown of what to expect. Whether you're buying, selling, or both. Inside, you’ll find:

A step-by-step overview of the buying and selling process
Expert advice tailored to today’s market conditions
Tips for planning ahead and avoiding common mistakes
Guidance on how to prepare, what to ask, and what to watch for
Insights to help you make informed, empowered decisions

It’s not just helpful, it’s essential. And it’s designed for every stage of your real estate journey.

This is the kind of resource you’ll wish you had sooner. Whether you’re months away from making a move or ready to take the next step today, The Informed Buyer’s and Seller’s Guide will give you the clarity and confidence to move forward.

Simply fill out a quick form to download the guide:

Get THe GUIDE

Feel free to download one or both, depending on where you are in your journey.

No matter where you’re starting from or where you’re headed. If you have questions or want to talk through your options, simply reply to this email. We’re here to support your next move.

Kind regards,

Shara Turner

Homebuyers’ Moving Guide to Ottawa

Thu, 30 Oct 2025 15:15:25 GMT

So you are selling, buying, or renting your home. Your next step is to learn everything you need to know about planning a Move in Ottawa, Ontario.

I have sold a property at 1509 90 Landry Street in Vanier and Kingsview Park

Sat, 04 Oct 2025 09:18:24 GMT

I have sold a property at 1509 90 Landry Street in Vanier and Kingsview Park on Sep 29, 2025. See details here

Welcome to La Tiffani; a coveted & sophisticated condominium building located just steps from the Rideau River and minutes away from Ottawa's downtown core. Experience the proximity to all the city's comforts while living in the peaceful community of Beechwood Village. Live within walking distance to transit, wonderful restaurants/cafes, recreation facilities, shopping & more! This highly desirable 2-bedroom/ 2-bathroom, CORNER residence features an open concept design & boasts panoramic, unobstructed river, bridge, park, and city views via the floor-toceiling windows. These stunning vistas can be enjoyed from every corner of the unit, flooding the space with natural light, creating a warm and inviting atmosphere. A unique feature is that this residence offers 100% privacy from every vantage point, as no other buildings are nearby. Enjoy the luxury of being able to watch the sunrise from your balcony and later, the sunset views from your living room. This beautiful condo seamlessly blends open-concept living, dining, and kitchen areas, while the bedrooms are positioned on the far sides of the residence, ensuring privacy. The kitchen is complete with granite countertops, high-end stainless steel appliances & ample cabinet space. Beautiful hardwood flooring runs throughout the residence. The master bedroom features 2 closets & an en-suite bathroom. The main bathroom boasts a lovely shower with a glass door, mosaic tile floor & and an abundance of built-in cabinetry. The second bedroom is of great size and offers ample closet space. This spectacular sky home comes with a premium, easy-to-access, heated underground parking space and storage. La Tiffani offers an array of upscale amenities, including an indoor pool, fitness centre, lounge/party room, and concierge. Rent includes amenities, heat, AC, hot and cold water, simplifying your living costs.

New property listed in Vanier and Kingsview Park

Fri, 26 Sep 2025 09:21:01 GMT

I have listed a new property at 1509 90 Landry Street in Vanier and Kingsview Park. See details here

Open House. Open House on Sunday, September 21, 2025 1:00PM - 3:00PM

Sun, 21 Sep 2025 09:16:28 GMT

Please visit our Open House at 1509 90 Landry Street in Ottawa. See details here

Open House on Sunday, September 21, 2025 1:00PM - 3:00PM

welcome to La Tiffani; a coveted & sophisticated condominium building located just steps from the Rideau River and minutes away from Ottawa's downtown core. Experience the proximity to all the city's comforts while living in the peaceful community of Beechwood Village. Live within walking distance to transit, wonderful restaurants/cafes, recreation facilities, shopping & more! This highly desirable 2-bedroom/ 2-bathroom, CORNER residence features an open concept design & boasts panoramic, unobstructed river, bridge, park, and city views via the floor-to-ceiling windows. These stunning vistas can be enjoyed from every corner of the unit, flooding the space with natural light, creating a warm and inviting atmosphere. A unique feature is that this residence offers 100% privacy from every vantage point, as no other buildings are nearby. Enjoy the luxury of being able to watch the sunrise from your balcony and later, the sunset views from your living room. This beautiful condo seamlessly blends open-concept living, dining, and kitchen areas while the bedrooms are positioned on the far sides of the residence, ensuring privacy. The kitchen is complete with granite countertops, high-end stainless steel appliances & ample cabinet space. Beautiful hardwood flooring runs throughout the residence. The master bedroom features gorgeous views, double closets, and a lovely en-suite bathroom. The main bath features a beautiful shower with a glass door, tiled floors, and lots of cabinetry space. The second bedroom is of great size and offers ample closet space. This spectacular sky home comes with a premium, easy-to-access, heated underground parking space. La Tiffani offers an array of upscale amenities, including an indoor pool, fitness centre, lounge/party room, and concierge. Maintenance fee includes amenities, building insurance and maintenance, management services, and hot and cold water, simplifying your living costs. Some of the photos have been virtually staged.

New property listed in Hunt Club - South Keys and Area

Thu, 18 Sep 2025 09:18:23 GMT

I have listed a new property at 2525 Bank Street in Ottawa. See details here

Here is your chance to own a thriving, award-winning franchise that's been delighting customers since 2001. The Works, Craft Burgers & Beer is now available in one of Ottawa's busiest and most desirable areas just minutes from Hunt Club, South Keys, and Findlay Creek. Situated in a high-traffic plaza directly off Bank Street, this premium 2,050 sq. ft. restaurant features seating for 50 guests, an inviting patio, abundant natural light, and free parking. The space comes fully equipped with a chefs production kitchen designed to handle peak rushes with ease, along with an extensive list of top-of-the-line equipment all included in the sale. Highlights include: Turnkey opportunity in a sought-after franchise system with excellent brand recognition and support. Favorable lease: $7,046.02/month, with 3 years remaining plus two extendable 5-yearterms. Liquor license and patio, maximizing both day and evening business. Strong visibility with signage on both the building and the pylon. Comprehensive training and ongoing support from head office, ensuring an easy transition for new owners. This is a beautifully maintained, must-see restaurant with all the bells and whistles-offered at a price point rarely seen in todays market. An excellent performer in a prime location, this business is ready for its next owner to step in and continue its success. Business-only sale.

I have sold a property at 16 Whitestone Drive in Ottawa

Thu, 28 Aug 2025 09:17:31 GMT

I have sold a property at 16 Whitestone Drive in Ottawa on Aug 26, 2025. See details here

Welcome to this beautifully updated and freshly painted 4-bedroom, 3-bathroom detached (over 2000 sq ft above grade), family home, perfectly located with NO REAR NEIGHBOURS and backing onto a serene bicycle path and park. This bright and airy open concept home features a formal living/dining room, family room complete with a bright bay window, oversized eat-in kitchen and breakfast nook. The main floor has 9-foot cathedral ceilings, adding a sense of grandeur to the living space. The second floor has 4 large bedrooms and upper level laundry for convenience. The huge primary bedroom is a true retreat with high vaulted ceilings, expansive windows, a large walk-in closet and lovely sitting area that could be utilized as an office nook. The adjoining 4-piece ensuite offers a relaxing space to unwind, complete with a soaking tub and separate shower. A fully finished basement, perfect for a family room and gym, along with ample storage. Enjoy the best of both worlds with your private, west-facing backyard that's perfect for evening sunsets and outdoor living. Conveniently located just minutes from the Experimental Farm, Clyde Woods, and a network of bicycle paths leading downtown, this home offers an active, connected lifestyle. Enjoy quick access to downtown Ottawa, the west end, and numerous shops and stores on Merivale, making this an ideal spot for those seeking both convenience and tranquility. With good schools nearby and an unbeatable location, this home is the perfect place to grow and make memories.

I have sold a property at 802 90 Landry Street in Ottawa

Thu, 21 Aug 2025 09:16:33 GMT

I have sold a property at 802 90 Landry Street in Ottawa on Aug 18, 2025. See details here

Welcome to La Tiffani Phase 2 by Claridge - Ottawa's Premier Address. Step into this stunning 2-bedroom, 2-bathroom condo offering a spacious open-concept layout designed for modern living. Enjoy elegant hardwood floors throughout, complemented by luxurious granite countertops in both the kitchen and bathrooms. Floor-to-ceiling windows flood the space with natural light while showcasing breathtaking views of the Rideau River and city skyline. This unit comes complete with one underground parking space. Residents enjoy access to top-tier amenities including an indoor pool, fully equipped exercise room, and stylish party lounge. Located just minutes from Beechwood Village, the ByWard Market, and Parliament Hill, you're never far from great dining, shopping, and culture. Available in September, this unit is looking for respectful tenants who value comfort, cleanliness, and will treat this elegant space with the care it deserves.

Open House. Open House on Sunday, August 17, 2025 1:00PM - 3:00PM

Tue, 12 Aug 2025 09:18:44 GMT

Please visit our Open House at 606 129A South Street in Leeds and Grenville. See details here

Open House on Sunday, August 17, 2025 1:00PM - 3:00PM

OPEN HOUSE - Sunday August 17, 2025 1:00 - 3:00 pm. Luxury Penthouse Condo with Endless Boating Adventures in the Heart of the Thousand Islands. Step into this exquisitely appointed 2-bedroom, 2-bath penthouse and be transported to a world of tranquility, with breathtaking 270-degree panoramic views of the iconic Thousand Islands and St. Lawrence River. Soaring ceilings and large windows walls flood the space with natural light, framing unobstructed, postcard-perfect vistas stretching from the marina to the open river and beyond. This exclusive residence is a dream come true for boaters. Your private boat slip offers direct access to unparalleled adventures. Cruise eastward to the Atlantic Ocean or navigate north through the historic lock system from Kingston to Ottawa. With endless boating possibilities at your doorstep, this home is the perfect launch point for every journey. Step outside onto your very private wraparound patio to watch the boats drift by or prepare dinner for family and friends with the built-in gas BBQ connection. Inside, refined finishes abound: a cozy gas fireplace, built-in speakers, electric blinds, and an open-concept living space that flows into a chefs kitchen featuring high-end appliances, designer cabinets and a striking waterfall island. Ample storage includes two lockers, one of the largest on the floor plus a dedicated parking space. This is more than a residence, its your front-row seat to waterfront luxury and boundless nautical freedom in the heart of the Thousand Islands.

Open House. Open House on Sunday, August 17, 2025 1:00PM - 3:00PM

Tue, 12 Aug 2025 09:18:44 GMT

Please visit our Open House at 221 129B South St Street in Leeds and Grenville. See details here

Open House on Sunday, August 17, 2025 1:00PM - 3:00PM

OPEN HOUSE - Sunday August 17, 2025 1:00 - 3:00 pm. Luxury Waterfront Condo with Unmatched Views & Exclusive Boat Slip. Discover an extraordinary blend of elegance and waterfront living in this stunning 2-bedroom, 2-bathroom corner condo overlooking the majestic St. Lawrence River. With 270-degree panoramic views (South, West, and North), every moment in this home is bathed in breathtaking natural beauty. A Home & Weekend Retreat in One! What sets this condo apart? A large 44 foot boat slip, making it the perfect retreat for boating enthusiasts. Effortlessly transition from sophisticated urban living to weekend getaways on the water, all from your own private dock. Sophisticated Design & Thoughtful Upgrades. Step inside and experience luxury at its finest, with a carefully curated open-concept layout that maximizes space and flow. The stunning outdoor stone/indoor stone veneer accent wall adds warmth and character to the living room, complemented by a curved 60" TV and a sleek fireplace, creating the ultimate ambiance for relaxation or entertaining. Gourmet Kitchen with high-end appliances, marble countertops, custom backsplash, and layout for enhanced space and functionality. Premium Finishes include upgraded hardwood floors throughout, motorized smart blinds for effortless ambiance control, and custom lighting. Tranquil primary retreat with spa-like ensuite and breathtaking views. Generous Storage & Parking includes 2 parking spots and a large storage locker. Your Waterfront Lifestyle Awaits! This exclusive condo is more than just a home, it's a lifestyle statement. Whether your'e looking for a serene sanctuary or an entertainers dream, this property offers the best of both worlds. Schedule Your Private Viewing Today!

Ottawa Real Estate Market Update – July 2025

Thu, 07 Aug 2025 15:31:25 GMT

The Ottawa Real Estate Board has released its July 2025 statistics, and overall, the market continues to show strength and stability. We’re seeing year-over-year increases in sales, new listings, and average prices—positive signs that confidence remains strong among both buyers and sellers.

That said, it’s important to remember: averages are just that—averages. They don’t always reflect what’s happening in specific neighbourhoods or price points. And let me tell you, July was anything but average in my world!

From rentals to resales, I was right in the thick of an incredibly active market. Multiple offers weren’t the exception—they were the norm.

Here’s a glimpse of what I experienced:

A rental listing in Orléans received four strong applications and was leased in under a week.
When helping tenant clients search across Orléans and Ottawa, we had to act fast—every desirable rental had a lineup of qualified renters ready to go.
My client searching for a semi-detached in Westboro Beach fell in love with a stunning $1.499M home. Just three days on market, and it attracted four offers and sold over asking—without conditions.
Another client considered a fixer-upper listed at $399K... until we found out there were 18 other offers on the table. Eighteen!

Even my investor clients are navigating a highly competitive space, and my buyers are now more prepared than ever—armed with pre-approvals, documentation, and a strategy to act decisively.

So, what does this tell us?

July was busy, competitive, and full of opportunity—but only for those who were ready. Will August slow down, as it traditionally does, or will this momentum carry straight into the fall market? Time will tell.

In the meantime, one thing is certain: having the right guidance is essential. Whether you're buying, selling, or renting, working with an experienced realtor who understands the nuances of your specific market can make all the difference. From strategic planning to navigating multiple offers, I’m here to ensure you're ready to win—when the right opportunity comes your way.

If you’re thinking about making a move, or just want to better understand your options, I’d love to help.

Wishing you a fantastic August!

Warmly,
Shara Turner
Sales Representative
Sotheby’s International Realty Canada

New property listed in Vanier and Kingsview Park

Fri, 01 Aug 2025 09:14:19 GMT

I have listed a new property at 1509 90 Landry Street in Ottawa. See details here

I have sold a property at 1 683 Melbourne Avenue in Ottawa

Fri, 01 Aug 2025 09:14:19 GMT

I have sold a property at 1 683 Melbourne Avenue in Ottawa on Jun 16, 2025. See details here

Gorgeous 2 bed/2 bath lower apartment located just minutes from all that Westboro has to offer. This stunning unit features stainless steel appliances, secure private entrance, custom kitchen, Quartz counter and backsplash. Modern open concept living / dining area with private walk-out patio provides plenty of natural light. Separated utilities. In-unit laundry with full size washer and dryer and storage room. Large master bedroom with full ensuite bath. Secondary bath features custom shower. 1 parking space is included.

Bank of Canada Holds Interest Rate Steady Amid Economic Uncertainty

Wed, 30 Jul 2025 18:50:30 GMT

July 2025 Monetary Policy Update

The Bank of Canada announced today that it will maintain its overnight rate at 2.75%, marking the third consecutive hold since its rate cut in March. The Bank Rate remains at 3.00%, and the deposit rate at 2.70%.

This decision reflects a cautious, data-dependent approach as the Bank continues to assess evolving economic conditions, both domestically and globally. Heightened trade uncertainty—particularly related to shifting U.S. tariffs—remains a key risk factor influencing the Bank’s outlook.

Economic Snapshot: Canada and Beyond

While U.S. trade policy remains unpredictable, recent global economic data shows reasonable resilience. In Canada, the economy contracted in the second quarter of 2025—largely due to a temporary surge in exports earlier in the year, ahead of anticipated tariffs. As expected, this was followed by a sharp drop in export activity. Despite this, the Bank projects a modest rebound in GDP growth (around 1%) in the second half of the year.

Business and consumer spending have slowed amid ongoing uncertainty, but some areas of the labour market remain stable. Canada’s unemployment rate has edged up to 6.9%, and wage growth has continued to moderate.

Inflation Outlook

Consumer Price Index (CPI) inflation rose to 1.9% in June, with underlying inflation hovering around 2.5%. Shelter costs remain the main contributor to inflation, although they are gradually easing. Inflation pressures from tariffs and supply chain adjustments could persist, especially as businesses adapt by finding new suppliers and markets.

Looking Ahead

The Bank’s current forecast scenario assumes tariffs stay at current levels, with inflation stabilizing near 2% and economic slack gradually reducing through 2026–2027. However, if trade tensions escalate, Canada could see further economic contraction. Conversely, a de-escalation would likely support a faster recovery.

In summary, with inflation still elevated, the global trade environment uncertain, and the Canadian economy showing some resilience, the Bank of Canada is holding firm on rates for now. Future interest rate decisions will depend on the path of inflation, trade developments, and broader economic trends.

Curious of what this means for you? Connect with me today and let's explore your options!

I have sold a property at 35 Sturtivans Lane in Leeds and Grenville

Sun, 27 Jul 2025 09:13:31 GMT

I have sold a property at 35 Sturtivans Lane in Leeds and Grenville on Jul 25, 2025. See details here

UNBELIEVABLE OPPORTUNITY - WATERFRONT PLAYGROUND! Experience Serene Waterfront Living Near the Heart of Gananoque. Nestled along the iconic St. Lawrence River. This inviting property offers a harmonious mix of relaxation and recreation, designed with both comfort and outdoor living in mind. The main level features three spacious bedrooms and a full 4-piece bathroom, while the fully finished lower level offers added functionality with a second bathroom, fitness area, and a games room complete with a pool table, perfect for family fun or entertaining guests. Located by the Thousand Islands parkway, two golf courses, and Landon Bay trail, allowing for active lifestyle including activities such as biking, golfing, hiking and fishing. The town of Gananoque is nearby, where you can enjoy the famous Gananoque theatre productions. The property presents with multiple private seating areas, including Adirondack chairs by the dock, that capture the ever-changing beauty of the river, including frequent sightings of majestic swans. Extensive Outdoor Enhancements Include: A double electric jet ski lift for effortless water access. Durable, low-maintenance composite decking throughout, including: a spacious 20' x 10' deck off the dining area, a stamped concrete patio (16' x 15') ideal for outdoor dining and entertaining, a waterfront landing (12' x 14') with adjacent 12' x 12' deck offering unobstructed river views. Hot tub with privacy screen for relaxing evenings under the stars. Additional Front-of-Property Features: Ample paved parking to accommodate family and guests, a new storage shed for seasonal equipment or recreational gear, a serene 18' x 6' front deck, perfect for morning coffee or birdwatching. Whether you're setting out on a boating adventure, kayaking, hosting friends, or simply enjoying the peaceful riverside setting, this unique property offers an exceptional waterfront lifestyle.

🌊 Live the Thousand Islands Dream: Luxury Penthouse with Endless Boating Adventures

Tue, 22 Jul 2025 13:13:28 GMT

Imagine waking up each morning to breathtaking 270-degree panoramic views of the iconic Thousand Islands and the majestic St. Lawrence River. This exquisite 2-bedroom, 2-bathroom penthouse condominium is your opportunity to embrace a lifestyle of luxury, tranquility, and boundless nautical freedom.

Step inside and be welcomed by soaring ceilings and expansive window walls that flood the open-concept living space with natural light. From the marina to the wide-open river beyond, every angle offers postcard-perfect vistas that transform your home into a serene retreat.

Designed with boaters in mind, this exclusive residence comes complete with a private boat slip, giving you direct access to unforgettable adventures. Cruise eastward towards the Atlantic Ocean or navigate north through the historic Rideau lock system from Kingston to Ottawa. With endless boating possibilities at your doorstep, each day becomes a new journey waiting to unfold.

Entertain family and friends on your private wraparound patio, where you can savour river breezes while preparing dinner on the built-in gas BBQ. Inside, refined finishes elevate every moment – from the cozy gas fireplace and built-in speakers to electric blinds and designer lighting that create a perfect ambiance, day or night.

The chef’s kitchen is a showstopper, featuring high-end appliances, sleek designer cabinetry, and a striking waterfall island that invites gatherings and gourmet creations. Additional features include two storage lockers – one of the largest on the floor – and a dedicated parking space for complete convenience.

This is more than a residence; it’s your front-row seat to waterfront luxury in the heart of the Thousand Islands, where boating, relaxation, and spectacular natural beauty become your everyday reality.

🔑 Ready to experience the Thousand Islands lifestyle for yourself?

Contact us today to schedule your private viewing of this unmatched penthouse condo and start living your dream on the water.

New property listed in Gananoque

Tue, 22 Jul 2025 09:15:25 GMT

I have listed a new property at 606 129A South Street in Leeds and Grenville. See details here

Luxury Penthouse Condo with Endless Boating Adventures in the Heart of the Thousand Islands. Step into this exquisitely appointed 2-bedroom, 2-bath penthouse and be transported to a world of tranquility, with breathtaking 270-degree panoramic views of the iconic Thousand Islands and St. Lawrence River. Soaring ceilings and large windows walls flood the space with natural light, framing unobstructed, postcard-perfect vistas stretching from the marina to the open river and beyond. This exclusive residence is a dream come true for boaters. Your private boat slip offers direct access to unparalleled adventures. Cruise eastward to the Atlantic Ocean or navigate north through the historic lock system from Kingston to Ottawa. With endless boating possibilities at your doorstep, this home is the perfect launch point for every journey. Step outside onto your very private wraparound patio to watch the boats drift by or prepare dinner for family and friends with the built-in gas BBQ connection. Inside, refined finishes abound: a cozy gas fireplace, built-in speakers, electric blinds, and an open-concept living space that flows into a chefs kitchen featuring high-end appliances, designer cabinets and a striking waterfall island. Ample storage includes two lockers, one of the largest on the floor plus a dedicated parking space. This is more than a residence, its your front-row seat to waterfront luxury and boundless nautical freedom in the heart of the Thousand Islands.

✨Your Year-Round Waterfront Escape Awaits in Gananoque✨

Mon, 21 Jul 2025 19:22:51 GMT

There’s something truly blissful about packing up the car and leaving the city behind as you drive along the 1000 Islands Parkway, knowing your waterfront cottage is waiting for you. Imagine arriving in under 1.5 hours from Ottawa, skipping the hassle of ferry rides or long journeys, and stepping directly into your peaceful retreat along the iconic St. Lawrence River.

This fabulous year-round cottage isn’t just a getaway – it’s a lifestyle. Located only 5 minutes from Gananoque and surrounded by highly rated golf courses, scenic bike trails, and endless recreation opportunities, this property offers the perfect blend of relaxation and adventure.

Inside, the main level welcomes you with three spacious bedrooms and a full 4-piece bathroom, ensuring comfort for family and guests alike. The fully finished lower level adds remarkable functionality with a second bathroom, fitness area, and a games room complete with a pool table – perfect for cozy nights in or entertaining loved ones.

Step outside to discover an outdoor oasis thoughtfully designed for effortless enjoyment:

Double electric jet ski lift for easy water access
Durable composite decking for low-maintenance living
Spacious 20' x 10' deck off the dining area, ideal for morning coffees or evening cocktails
Stamped concrete patio (16' x 15') for dining under the stars
Waterfront landing (12' x 14') with an adjacent 12' x 12' deck offering unobstructed river views
Hot tub with privacy screen for ultimate relaxation
Ample paved parking to accommodate all your family and guests
New storage shed for your seasonal equipment and recreational gear
Serene 18' x 6' front deck to greet each sunrise in peace

Whether you’re seeking a quiet retreat to unwind or a four-season cottage to host unforgettable family gatherings, this waterfront property is ready to deliver.

Don’t let another summer slip by without securing your dream cottage.

📞 Call today to schedule your private showing and experience the beauty and lifestyle this St. Lawrence River waterfront cottage has to offer.

An opportunity to purchase a luxurious waterfront condominium in Gananoque, Ontario

Mon, 21 Jul 2025 19:10:38 GMT

🌊 Live Above the Water: Discover This Stunning Luxury Waterfront Condo in Gananoque

Imagine waking up each morning to 270-degree panoramic views of the majestic St. Lawrence River. This is more than a condo – it’s your personal sky home, weekend retreat, and entertainer’s dream all in one.

Welcome to this gorgeous 2-bedroom, 2-bathroom corner residence offering an extraordinary blend of elegance and carefree waterfront living in the charming town of Gananoque, Ontario – less than 1.5 hours from Ottawa.

What Makes This Waterfront Home Truly Exceptional?

✅ Breathtaking 270° Views – South, West, and North exposures fill your living space with endless natural beauty, sunrise to sunset.
✅ Exclusive 44’ Boat Slip – Your large private slip on a secure dock awaits your boat for summer adventures.
✅ Spacious & Elegant Living – Open-concept layout with wide plank hardwood floors, custom lighting, and motorized smart blinds for ultimate comfort.
✅ Gourmet Kitchen & Spa Bathrooms – Cook, entertain, and unwind in luxurious, extensively updated spaces.
✅ Wrap-Around Patio & Deck – Perfect for morning coffees, afternoon lounging, or sunset dinners over the river.
✅ 2 Large Parking Spaces & Storage – Ample room for vehicles, gear, and seasonal belongings.
✅ Dual Control Zones – Individual comfort settings in each part of your home.
✅ Ideal Location – Walk to local cafes, shops, and marinas in Gananoque, while having direct access to the Thousand Islands playground.

Whether you’re searching for a serene sanctuary to recharge or a luxury space to entertain family and friends, this waterfront condo offers the best of both worlds. Wake up to the tranquil sound of the water and end each day watching spectacular river sunsets from your private wrap-around terrace.

✨ Don’t just imagine this lifestyle – live it.

Contact me today to schedule your private showing and experience the elegance, views, and waterfront living you truly deserve.

New property listed in Leeds and the Thousand Islands

Mon, 21 Jul 2025 09:15:29 GMT

I have listed a new property at 35 Sturtivans Lane in Leeds and Grenville. See details here

PRICE IMPROVEMENT - A WATERFRONT Gateway to the Thousand Islands: Experience Serene Waterfront Living Near the Heart of Gananoque. Welcome to this year-round bungalow, nestled along the iconic St. Lawrence River. This inviting property offers a harmonious mix of relaxation and recreation, designed with both comfort and outdoor living in mind. The main level features three spacious bedrooms and a full 4-piece bathroom, while the fully finished lower level offers added functionality with a second bathroom, fitness area, and a games room complete with a pool table, perfect for family fun or entertaining guests. Located by the Thousand Islands parkway, two golf courses, and Landon Bay trail, allowing for active lifestyle including activities such as biking, golfing, hiking and fishing. The town of Gananoque is nearby, where you can enjoy the famous Gananoque theatre productions. The property presents with multiple private seating areas, including Adirondack chairs by the dock, that capture the ever-changing beauty of the river, including frequent sightings of majestic swans. Extensive Outdoor Enhancements Include: A double electric jet ski lift for effortless water access. Durable, low-maintenance composite decking throughout, including: a spacious 20' x 10' deck off the dining area, a stamped concrete patio (16' x 15') ideal for outdoor dining and entertaining, a waterfront landing (12' x 14') with adjacent 12' x 12' deck offering unobstructed river views. Hot tub with privacy screen for relaxing evenings under the stars. Additional Front-of-Property Features: Ample paved parking to accommodate family and guests, a new storage shed for seasonal equipment or recreational gear, a serene 18' x 6' front deck, perfect for morning coffee or birdwatching. Whether you're setting out on a boating adventure, kayaking, hosting friends, or simply enjoying the peaceful riverside setting, this unique property offers an exceptional waterfront lifestyle.

New property listed in Gananoque

Mon, 21 Jul 2025 09:15:29 GMT

I have listed a new property at 221 129B South St Street in Leeds and Grenville. See details here

PRICE IMPROVEMENT! Luxury Waterfront Condo with Unmatched Views & Exclusive Boat Slip. Discover an extraordinary blend of elegance and waterfront living in this stunning 2-bedroom, 2-bathroom corner condo overlooking the majestic St. Lawrence River. With 270-degree panoramic views (South, West, and North), every moment in this home is bathed in breathtaking natural beauty. A Home & Weekend Retreat in One! What sets this condo apart? A large 44 foot boat slip, making it the perfect retreat for boating enthusiasts. Effortlessly transition from sophisticated urban living to weekend getaways on the water, all from your own private dock. Sophisticated Design & Thoughtful Upgrades. Step inside and experience luxury at its finest, with a carefully curated open-concept layout that maximizes space and flow. The stunning outdoor stone/indoor stone veneer accent wall adds warmth and character to the living room, complemented by a curved 60" TV and a sleek fireplace, creating the ultimate ambiance for relaxation or entertaining. Gourmet Kitchen with high-end appliances, marble countertops, custom backsplash, and layout for enhanced space and functionality. Premium Finishes include upgraded hardwood floors throughout, motorized smart blinds for effortless ambiance control, and custom lighting. Tranquil primary retreat with spa-like ensuite and breathtaking views. Generous Storage & Parking includes 2 parking spots and a large storage locker. Your Waterfront Lifestyle Awaits! This exclusive condo is more than just a home, it's a lifestyle statement. Whether your'e looking for a serene sanctuary or an entertainers dream, this property offers the best of both worlds. Schedule Your Private Viewing Today!

I have sold a property at 2182 Winsome Terrace in Ottawa

Sat, 12 Jul 2025 09:14:56 GMT

I have sold a property at 2182 Winsome Terrace in Ottawa on Jul 4, 2025. See details here

This is your opportunity to live in a gorgeous 3-year-old Mattamy-built Lilac Model - 3 Bedroom Townhouse! This residence is located in the highly desired Jardin Crossing in Orleans and is only 20 minutes to downtown Ottawa. The home has been beautifully upgraded with hardwood flooring on the main level, and offers an open concept, light-filled, airy design perfect for entertaining and for family living. Enjoy a gourmet kitchen, outfitted with quartz countertops and backsplash, a bar area, and a full stainless steel appliance package. Slide open your patio doors and step outside into your sun-filled backyard from the breakfast area. The upstairs features a very spacious master bedroom with a walk-in closet and a beautiful ensuite bathroom. Upstairs, you will also find 2 additional bedrooms, a laundry room, and a full 4-piece bathroom. The basement is fully finished and boasts a large recreation room and an abundance of storage space. This home offers endless opportunities for a working professional or a family. This gorgeous home is conveniently located close to highly rated schools, public transit, the mall, and access to the highway.

New property listed in Orleans - Cumberland and Area

Tue, 01 Jul 2025 09:14:20 GMT

I have listed a new property at 2182 Winsome Terrace in Ottawa. See details here

I have sold a property at 709 90 Landry Street in Ottawa

Tue, 01 Jul 2025 09:14:20 GMT

I have sold a property at 709 90 Landry Street in Ottawa on Jun 30, 2025. See details here

Welcome to La Tiffani; a coveted & sophisticated condo building located just steps from the Rideau River and minutes away from Ottawa's downtown core. Experience the proximity to all the citys comforts while living in the peaceful community of Beechwood Village. Live within walking distance to transit, wonderful restaurants/cafes, recreation facilities, shopping & more! This thoughtfully designed 2 bedroom/2 bath corner unit has been extensively renovated and lovingly maintained. It features an open concept design & boasts panoramic, unobstructed views from all rooms via the floor-to-ceiling windows. These stunning vistas can be enjoyed from every corner of the unit, flooding the space with natural light, creating a warm and inviting atmosphere. Enjoy the luxury of being able to watch the sunrise from your balcony and later, the sunset views from your living room. This beautiful condo seamlessly blends open-concept living, dining, and kitchen areas while the bedrooms are positioned on the far sides of the residence, ensuring privacy. The kitchen is complete with granite countertops, mosaic backsplash, high-end S/S appliances & ample cabinet space. Beautiful maple hardwood flooring runs throughout the residence, and wainscotting adds an element of sophistication and style. The master bedroom features 2 closets & a luxurious en-suite bath with granite countertops. The main bath boasts a beautiful shower w/glass door, mosaic tile floor & granite countertops. The second bedroom is fitted with a double Murphy bed for added convenience and maximum space. This spectacular sky home comes with a premium, larger than standard, easy-to-access, heated underground parking space. La Tiffani offers an array of upscale amenities, including an indoor pool, fitness centre, lounge/party room, and concierge. Rent includes heat, A/C, hot and cold water, simplifying your living costs. Call today to arrange your private viewing.

New property listed in Orleans - Cumberland and Area

Mon, 30 Jun 2025 15:49:54 GMT

I have listed a new property at 2182 Winsome Terrace in Ottawa. See details here

New GST Incentives for first time home buyers

Mon, 23 Jun 2025 23:18:15 GMT

On May 27, 2025, the Government of Canada introduced a new GST rebate that could put up to $50,000 in tax relief on the purchase of a newly built home, and it’s available for agreements signed on or after May 27, 2025.

If you're planning to make a move, this incentive may significantly reduce your upfront costs and expand your options in today’s market.

Key highlights of the First-Time Home Buyers’ GST Rebate:

Full GST rebate for homes priced up to $1 million

Partial rebate for homes between $1 million and $1.5 million

Applies to new builds, owner-built homes, and co-op units

Available to Canadian citizens or permanent residents who haven’t owned or lived in a home owned by their spouse/common-law partner in the past four years

This is a significant update, especially in markets where new home prices often exceed the previous rebate threshold of $450,000.

Curious whether you qualify or what homes might be eligible?

I’d be happy to walk you through the criteria, show you qualifying properties, and help you take full advantage of this new opportunity.

Please reach out today. I look forward to assisting you.

I have sold a property at 709 90 Landry Street in Ottawa

Wed, 28 May 2025 09:13:17 GMT

I have sold a property at 709 90 Landry Street in Ottawa on May 20, 2025. See details here

New property listed in Ottawa

Fri, 16 May 2025 09:12:23 GMT

I have listed a new property at 709 90 Landry Street in Ottawa. See details here

New property listed in Vanier and Kingsview Park

Fri, 16 May 2025 09:12:23 GMT

I have listed a new property at 709 90 Landry Street in Ottawa. See details here

Ottawa Real Estate market Holds Steady Amid Changing Conditions

Tue, 11 Mar 2025 14:03:08 GMT

The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 809 units in February 2025. This represented a 10.2%decline from February 2024.

Home sales were 19.1% below the five-year average and 15.4% below the 10-year average for the month of February.

"Ottawa's sales activity moderated while prices held steady," says OREB's President. "Despite increased inventory, market uncertainty continues to influence buyer and seller decisions. Some sellers who had previously delayed listing are now entering the market, contributing to more options for buyers. While demand remains strong in certain price segments, the pace of sales varies, making strategic pricing and preparation key for sellers."

"The Bank of Canada's influence on borrowing power, ongoing economic factors like tariffs, and the potential impact of upcoming elections are also shaping buyer and seller sentiment," adds OREB's President. "As we approach the spring market, we anticipate increased buyer activity, particularly if interest rates trend downward and confidence continues to build."

The benchmark price for single-family homes was $719,800, up 1.3% year-over-year uptick in February. By comparison, the benchmark price for a townhouse/row unit was $438,000,a decline of 11.6% from 2024. The benchmark apartment price was $459,300, a 4.5%gain from the previous year. The average price of homes sold in February 2025 was $669,945, a 1.4% improvement from February 2024.

Call Today for Real Estate Advice & Information!

Prepare for Impact with confidence; The Canadian Real Estate Market will continue to thrive longterm

Tue, 04 Mar 2025 18:47:53 GMT

This morning, I attended a call with Shaun Cathcart, Senior Economist and Director of Housing Data and Market Analysis at CREA, who provided an insightful update and analysis on the current housing market. Mr. Cathcart addressed potential market impacts stemming from the newly implemented tariffs, in a thorough Q&A session.

We are currently navigating a period of heightened uncertainty, influenced by a complex interplay of economic factors. Potential scenarios include recessionary periods with varying levels of inflationary pressure, with the most concerning being a recession coupled with high inflation. In the coming months we will have a better understanding of which scenario will take hold and thus how it will impact the real estate market in the short term. But as of now, the February stats which will be released by CREA within a week show a deceleration in the Canadian real estate market.

Despite this deceleration, it is important to maintain perspective and recognize the resilience of the Canadian real estate market. Historically, the sector has successfully adapted to numerous challenges, including:

1997: Introduction of the Harmonized Sales Tax (HST)

2003: Severe Acute Respiratory Syndrome (SARS) outbreak

2007-2008: Global Financial Crisis

2008: Implementation of the Land Transfer Tax

2011: Competition Bureau scrutiny

2020: COVID-19 pandemic

2023: Introduction of the Foreign Buyer Ban

2024: Implementation of the Luxury Land Transfer Tax

2025: Extension of the Foreign Buyer Ban

2025: Introduction of tariffs

Despite these events, the Canadian real estate market has demonstrated a consistent upward trajectory. While growth rates may fluctuate, the overall trend remains positive.

In this dynamic environment, a prudent approach involves maintaining vigilance, practicing informed decision-making, and remaining receptive to emerging opportunities.

Please do not hesitate to contact me with any inquiries. Now more than ever it is imperative that you seek the guidance of a professional and have representation so you can protect yourself and make an informed decision.

www.sharaturner.com

State of the Ottawa Real estate Market

Thu, 20 Feb 2025 16:16:04 GMT

The Ottawa real estate market in early 2025 presented a mixed picture, characterized by rising prices despite a slight dip in sales activity compared to the previous year. According to the Ottawa Real Estate Board (OREB, 2025), the average home price in January reached $670,258, a notable 5.8% increase from January 2024. This suggests continued price appreciation in the Ottawa market, even with some cooling in sales volume.

While sales figures were slightly below those of January 2024, a significant influx of new listings—1,359—marked a 14% increase over the five-year average. This surge in inventory provides buyers with more choices, a welcome development in a market that has often favored sellers. However, this increased inventory also intensifies competition among sellers, highlighting the importance of strategic pricing and presentation.

Several factors are contributing to these market dynamics. The increased number of listings suggests more sellers are entering the market, potentially anticipating future changes or seeking to capitalize on current price levels. Anticipation of lower interest rates in the future is likely fueling buyer demand. Even though rates appear as though they will continue on a downward trend, the expectation of future decreases can motivate buyers to enter the market now. This anticipation, combined with the increased inventory, creates a complex dynamic. In addition, economic and political factors can influence buyer and seller behavior, adding another layer of complexity to the Ottawa market.

For sellers, the current market presents both opportunities and challenges. The rising prices are clearly advantageous. However, the increased competition from a larger pool of listings necessitates a careful approach to pricing. Overpriced properties risk languishing on the market, while strategically priced homes are more likely to attract buyers in this environment. The emphasis on "well-priced and presented" homes underscores the importance of not just competitive pricing but also staging and marketing efforts. Sellers who fail to adapt to this more competitive landscape may face lower offers or longer selling times.

In summary, the Ottawa real estate market in early 2025 can be characterized as a market in transition. While prices continue to climb, increased inventory and anticipated interest rate adjustments are creating a more balanced market compared to previous periods. Sellers need to be particularly mindful of pricing and presentation to succeed in this environment. The long-term impact of the economic and political uncertainties remains to be seen and will likely continue to influence market trends in the coming months.

Buyer’s and Seller’s, this is an opportune time to make a move. Reach out with any questions. I’m here to assist and look forward to helping you achieve your real estate goals.

The Current Landscape of Mortgage Rates in Canada

Fri, 07 Feb 2025 14:34:15 GMT

As we step into early February 2025, Canadian mortgage rates are showing a gentle decline. Yet, it's important to note that the recently proposed tariffs imposed by the United States, along with Canada's responses, have introduced some unpredictability into bond yields, which directly influence fixed mortgage rates.

Key Elements Affecting Mortgage Rates:

U.S.-Canada Trade Relations

The newly threatened tariffs are likely to heighten inflation, although a 30-day grace period is temporarily stalling their complete economic effects. Should the trade conflict persist, we might see slower economic growth, which could lead to lower interest rates. However, an uptick in inflation could result in rising bond yields and, consequently, higher fixed mortgage rates.

Inflation Concerns

The Bank of Canada (BoC) aims for core inflation around 2%, but there are projections indicating that it may breach 3% in 2025 if tariffs are fully enacted. Persistent high inflation might prompt the BoC to postpone any rate reductions or even contemplate rate increases in the future.

Recession Worries

There is a consensus among some economists that Canada might face a recession within the next 6 to 12 months if trade restrictions begin to dampen business confidence and investments. In such a scenario, the BoC would likely take aggressive steps to lower rates, which would lead to reduced variable mortgage rates.

Global Interest Rate Dynamics

The actions of the U.S. Federal Reserve concerning inflation will also significantly affect Canadian mortgage rates. If U.S. bond yields rise, it is likely that Canadian yields will follow suit, potentially raising the costs associated with fixed-rate mortgages.

By staying informed about these factors, homebuyers and current homeowners can better navigate the mortgage landscape in these fluctuating times.

Fixed vs. Variable: Making the Right Choice in Today’s Market

When deciding between fixed and variable rates in the current financial landscape, it's important to assess the risks involved carefully.

Fixed-Rate Mortgages: Consistency with a Price

Advantages:

- Predictability: Your interest rate and monthly payments remain unchanged throughout the mortgage term, offering a sense of security.

- Shield from Increasing Rates: Should inflation push bond yields higher, your rate stays locked in, protecting you from sudden increases.

Disadvantages:

- Higher Initial Rates: Typically, fixed rates are higher than variable rates at the outset, which could mean higher upfront costs.

- Costly to Terminate: If market rates decrease significantly, breaking away from a fixed mortgage can lead to substantial penalties.

Best Suited For:

- Those who prefer a stable payment structure and are risk-averse

- Homeowners with fixed budgets who cannot handle variations in payment amounts

Variable-Rate Mortgages: Opportunities for Savings with Increased Risk

Advantages:

- Lower Initial Rates: Historically, variable rates have offered lower starting rates than fixed options.

- Flexibility: Generally, penalties for breaking or refinancing a variable mortgage are lower, providing more options if your circumstances change.

Disadvantages:

- Risk of Rate Fluctuation: In times of rising inflation, the Bank of Canada (BoC) might delay rate cuts or even increase rates, which could lead to higher payments.

- Uncertainty: The unpredictable nature of the economy can make it difficult to estimate long-term costs reliably.

Best Suited For:

- Borrowers who have the financial ability to absorb potential interest rate increases

- Investors ready to take on some risk for the possibility of savings

Key Insights & Recommendations

Short-Term Perspective (Next 6 Months):

- If trade tensions persist and recession concerns grow, variable rates might experience a slight decrease.

- Fixed rates could exhibit volatility, influenced by responses in the bond market.

Medium-Term Perspective (12-18 Months):

- Should inflation become a more pressing issue, fixed rates may increase, making it advantageous to lock in a rate now.

- Conversely, if economic conditions deteriorate, the BoC could hasten rate cuts, favoring those with variable mortgages.

Choosing Your Mortgage

- Prioritize Stability and Minimize Uncertainty → Opt for Fixed.

- Expect Rates to Fall and Can Handle Variability → Consider Variable.

- Unsure of Your Choice → Explore a Hybrid (Split) Mortgage.

A hybrid mortgage allows you to balance your loan between fixed and variable rates, managing risk while taking advantage of potential rate decreases.

Final Thought: Stay Adaptable & Keep an Eye on the Market

The mortgage market is constantly changing, and what seems like the best option today may not hold true six months down the line. Regardless of whether you choose fixed or variable, staying informed and collaborating with a skilled mortgage professional is crucial.

With the right approach, you can navigate the uncertainties of interest rates and secure a mortgage that aligns with your financial objectives.

Interest Rate Predictions for 2025

Thu, 06 Feb 2025 19:58:55 GMT

Canada has been granted a temporary 30-day reprieve from U.S. tariffs. However, according to BMO, there is a potential risk that the Bank of Canada may need to reduce its policy rate to 1.50% by the end of the year if the tariffs are implemented.

This would represent a significant decrease of 100 basis points, or one percentage point, compared to BMO's current projection of a 2.50% rate for the Bank of Canada later in the year.

BMO's updated forecast stems from a scenario in which U.S. tariffs—set at 25% on most Canadian goods and 10% on oil and gas—would take effect. Initially scheduled to be implemented today, President Trump announced a last-minute 30-day delay, which also extends a similar arrangement with Mexico.

BMO economist Michael Gregory emphasized that if the tariffs are indeed enacted, a more rapid cycle of rate cuts could become a possibility. He noted, “If tariffs are actually put in place, then -150bps enters the realm of possibilities again.”

Such a development would result in Canada-U.S. overnight rate spreads exceeding -225 basis points, inching closer to the historic low established in 1997. For now, with the implementation postponed, Gregory indicated that the tariffs have transitioned from a certain occurrence to a potential risk.

For now, here is a snap shot of the BoC policy rate forecasts from the Big 6 banks

For now, here is the BoC policy rate forecasts from the Big 6 banks:

Current Policy Rate:	Policy Rate: Q1 ’25	Policy Rate: Q2 ’25	Policy Rate: Q3 ’25	Policy Rate: Q4 ’25	Policy Rate: Q4 ’26
*3.00%*	3.00%	2.75%	2.50%	2.50%*
*3.00%*	2.75%	2.75%	2.25%	2.25%	2.25%
*3.00%*	2.75%	2.50%	2.25%	2.25%	2.75%
*3.00%*	2.75%	2.25%	2.00%	2.00%
*3.00%*	3.00%	3.00%	3.00%	3.00%	3.00%
*3.00%*	3.00%	2.75%	2.50%	2.25%	2.25%

* Assumes no U.S. tariffs. Expected policy rate of 1.50% in the event of tariffs.
Information as of February 4, 2025

Tips to improve your credit score quickly

Fri, 31 Jan 2025 19:21:00 GMT

Here are a few strategies that can be implemented to help increase your credit score. A higher credit score increases the likelihood of mortgage approval with more favorable terms and rates.

Another Welcomed Interest Rate Cut: Thank you BoC but what’s next?

Tue, 21 Jan 2025 18:06:29 GMT

Bank Of Canada has lowered its benchmark rate to 3%. This is welcomed in the near future, but how could potential tariffs affect the real estate market and consumers?