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

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!

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.

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.