Ottawa Housing Market Balances

HouseSigma, a Canadian technology platform that uses artificial intelligence to correctly estimate home values in real time, has found that while the central parts of Ottawa, ON, are no longer in a seller's market, in the suburbs sellers still hold all the cards. It says since early 2019, central Ottawa has been in a seller's market with skyrocketing prices and many homes for sale. In September and October of 2021, it moved into a balanced market with fewer listings and prices plateauing making it easier for first-time homeowners to get into the property market.