September 2024 Newsletter
September came and went in an instant - but we had an amazing time participating in the last of Ottawa’s summer activities, creating content for our new listings, and planning our next client event!
Paint Night!
We’re hosting a FREE guided paint night tomorrow! Sign ups have now closed - if you’re interested in attending please contact a member of the team to see if we can open up another spot for you!
Team Army Run
Some of the team participated in the 5k Army Run in Ottawa! We had a great time challenging ourselves and getting out of our comfort zone!
Luke & Mitch at the Bigs and Barr Show Golf Classic
Luke and Mitch were thrilled to sponsor a hole at The Biggs and Barr Show - Golf Classic for Autism this past weekend! We love giving back to our community, and it’s thanks to the incredible support from our amazing clients that we’re able to contribute to causes that make a difference. This year, we proudly helped raise funds for Ausome Ottawa and TROTT, organizations that are doing incredible work for individuals with autism in our community.
Real Estate News
Interested in hearing more from our agents about real estate? Let’s dive into some of our top blog posts this month:
The Growing Popularity of Condo Living in Ottawa
Condo living in Ottawa is on the rise, driven by affordability, low-maintenance lifestyles, and the convenience of urban amenities. With more developments offering modern features in walkable neighbourhoods, condos are attracting first-time buyers, young professionals, and down-sizers alike. As Ottawa’s real estate market continues to grow, condos provide a smart, lifestyle-focused option for those looking to embrace city living. Now might be the perfect time to explore the benefits of condo life in one of Ottawa’s vibrant neighborhoods!
Ottawa’s Real Estate Market: October 2024 Update
October 2024 has brought increased competition to Ottawa’s real estate market. While prices have seen a modest 4.2% rise, the growing inventory of homes—up 18%—means properties are taking longer to sell. This shift creates opportunities for buyers with more options and bargaining power, while sellers face the challenge of standing out in a crowded market.
5 Common Misconceptions About Selling Your Home in Ottawa
Selling your home can be overwhelming, especially with so much advice out there. To help you navigate the process, we’re debunking five common myths. From pricing too high and skipping staging to waiting for spring to sell, these misconceptions can cost you time and money. In Ottawa’s market, accurate pricing, strategic staging, and smart renovations make all the difference.
Discover the hidden world of off-market real estate with Knokd! Did you know that 1 in 3 properties are shared off the public market as "Coming Soon" or "Exclusive"? Gain access to this exclusive inventory and elevate your home search or listing strategy today!
Knokd offers personalized approaches tailored to your needs, providing targeted and discreet exposure for listings before they hit the open market. Say goodbye to one-size-fits-all listings and hello to a customized real estate experience.
Ourboro
At New Purveyors, we're excited to introduce Ourboro's co-investment partnership—a game-changing solution to expedite your path to homeownership. By co-investing with Ourboro, you can secure a 20% down payment without additional debt, gaining access to expert guidance and a competitive edge in the market. Contact us to learn more and unlock your dream home sooner!
Neighbourhood Monthly Statistics
Ottawa’s housing market remains resilient, with home sales up 11.4% from last year. However, supply continues to lag behind demand, as the city faces a shortage of new housing development. Prices have remained steady, with single-family homes seeing a 0.5% increase, while townhouses and apartments saw slight declines. As buyers and sellers adapt to potential interest rate cuts, the fall market outlook is healthy but dependent on solving the ongoing supply issue.
To learn more, check out our full blog post HERE
Pet of the Month
Meet Bluey! Bluey is a vizsla, she’s a young pup who loves fetch, cuddles, and dinner time.
Send us your pets for the chance to be featured next month!
