Centretown Condos

What Condominium Buildings Are Close To Shopify? 2019 Edition

Established in 2004, Shopify has become one of Ottawa’s top employers. Seeing so much growth over the past several years, the company has now has two addresses in Ottawa; 234 Laurier Ave and 150 Elgin St. Everyday new positions are opening up at these two locations that the desire to live close to work is a top priority for new employees.

Are you a current or future employee of Shopify? If so, we put this guide together to help you decide which condo buildings you should be considering. We have narrowed down the top five buildings that are in less than a 10 minute walking distance to both Shopify locations and have the fresh contemporary look and vibe you want to have. Plus, all of these options have units available for both buying, or renting.

We have helped Shopify employees find a home in each of these buildings below - need help finding a place to live? Fill out the form at the bottom and let’s chat.

179 Metcalfe St and 40 Nepean St
Tribeca Phase One and Tribeca East

The Tribeca’s were built by Claridge Homes in 2014 and 2015. 179 Metcalfe (phase 1) contains 260 units that includes studios, one, and two bedroom units that range in size from 460sqft to 1145sqft. 40 Nepean St contains 179 that also include studio or one and two bedroom units. Both buildings feature spacious units with floor to ceiling windows that flood the space with natural light, high ceilings, and open concept living spaces.The amenities at both these buildings include a concierge, board room, party room, indoor pool, fitness centre, guest suites, bicycle storage, storage lockers, and underground parking. The Tribeca’s are within a 4 minute walking distance from both the Shopify Laurier Ave location and the Elgin St location. Hard to beat the location. Why we love them? Aside from their great location, you can find a Sobey’s (soon to be Farmboy) grocery store in the buildings podium (which also includes wine and beer sales!).

324 Laurier Ave - The Mondrian

The Mondrian was built by Urban Capital in 2008 and contains 250 one, two bedroom units (there are a couple studio units but rare) that range in size from 472sqft to 1600sqft. The units feature 9 foot ceilings, open concept living spaces, and floor to ceiling windows. All of the amenities are located on the 6th floor - which include the outdoor saltwater pool, bbq and dining area, gym, lounge/party room. Pets are also allowed in this building. The Laurier location is a short 4 minute walk from The Mondrian and the Elgin location is 7 minutes. Why we love The Mondrian? Shoppers Drug Mart is located in the podium of the building, bike paths located at the front door which allows quick and easy way to get to the office, real concierge in the building, and most units are of a good size. The building is easy to spot from the street with the solid red glass panels - an ode to french painter Piet Mondrian who the building was named after.

199 Slater St - The Slater

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Built by Broccolini in 2017, The Slater contains a total of 179 studio, one, and two bedroom units. These units range in size from 1442sqft to 1929sqft and feature European kitchens, 9 foot ceilings, floor to ceiling windows, and modern barn style bedroom doors. Amenities at The Slater include a party room, theatre room, fitness centre, hot tub, storage lockers, concierge, underground parking, and also allow pets under 40 pounds. The walking distance to the Elgin St location is 7 minutes and only 3 minutes to the Laurier Location. Why we love The Slater? Aside from the higher level of quality finishes, the building also has a minimum lease term of only two nights. This means that you would be able to use the property as an short term investment (such as AirBnb) if you are traveling, or gone for an extended period of time.

300 Lisgar St - SOHO Lisgar

Built by Mastercraft Starwood in 2013, SOHO Lisgar contains a total of 169 one and two bedroom units that range in size from 522sqft to 1032sqft. These units feature gleaming hardwood flooring, marble bathrooms, European appliances, and floor to ceiling wall to wall windows. Amenities at SOHO Lisgar include a concierge, outdoor pool with loungers, outdoor BBQ, party room, theatre room, hot tub, board room, fitness room, sauna, bicycle storage, storage lockers, and underground parking. Pets are also allowed in this building. The Laurier location is a short 5 minute walk and the Elgin location is 8 minutes. Why we love SOHO Lisgar? The design is timeless, location is great, plus the amenities are stunning.

Too close? Want to live a little further out?

Don’t want to live that close to the office? We have also narrowed down 6 buildings that are modern, still close… but not tooo close.

224 Lyon St - Gotham

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Built by Lamb Developments in 2016, this statuesque building features a total of 251 studio, one, or two bedroom units, that range in size from 424sqft to 1445sqft. These units feature hardwood flooring, exposed concrete ceilings and accent walls, floor to ceiling windows, and open concept living spaces. Amenities at Gotham include concierge, outdoor BBQ and dining area, party room, BBQ hookup on the balcony, bicycle storage, storage lockers, underground parking, and pets are also allowed. Gotham is a 13 minute walk to the Elgin Shopify location and a 10 minute walk to the Laurier location. Why we love Gotham? Aside from the modern finishes (exposed concrete), Gotham is the only building on this list that allows you to have your own BBQ on your balcony (gas hookup on the balcony), plus gas stoves in the unit.

255 Bay St - The Bowery

The Bowery was built by Richcraft in 2017 and contains a total of 248 studio, one bedroom, two bedroom, or two storey units, that range in size from 375sqft to 945sqft. The spacious units feature hardwood flooring, sleek kitchens with granite counter tops, and large windows flooding the living space with natural light. Amenities at The Bowery include a rooftop pool, outdoor BBQ and dining area, party room, yoga centre, fitness centre, concierge, guest suites, storage lockers, underground parking. This building also allows pets. The Bowery is a 15 minute walk to the Elgin location and 11 minutes to the Laurier location. Why we love The Bowery? The amenities are beautiful. Indoor rooftop pool, gym, lounge, dining room, they are hard to beat.

354 Gladstone Ave and 349 Mcleod St
Central Condo Phase 1

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Central Condo Phase one was built by Urban Capital in 2012 and is comprised of 240 one and two bedroom units that range in size from 478sqft to 1117sqft. These stunning industrial style units feature gleaming hardwood flooring, 9 foot concrete ceilings, exposed concrete pillars and ductwork, and floor to ceiling windows. The amenities are shared between the two buildings and include a concierge, dining room, fitness centre, party room, and recreation centre. Central Condo Phase One is within a 13 minute walk to the Laurier location and 16 minutes to the Elgin location.

360 Mcleod and 340 Mcleod st
Central Condos Phase 2 and Hideaway

Built by Urban Capital in 2014 and 2015, these two buildings contain 328 studio, one or two bedroom units that range in size from 435sqft to 863sqft. These urban-style units feature 10 foot exposed concrete ceilings, exposed ductwork and modern sliding bedroom doors. The amenities are shared between the two buildings and feature a party room with full kitchen and pool table and private terrace with outdoor BBQ. There is also a resort style outdoor pool with private cabanas and poolside fireplace. Both buildings are a 15 minute walk from the Laurier location and 18 minutes to the Elgin location.

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Also in walking distance to these condominium buildings is a Sobeys Urban Fresh, Independent Grocer, Shoppers Drug Mart, LCBO, several coffee shops, five star restaurants, and so much more.

Are you a Shopify employee who is new to Ottawa, trying to sort out where the best place to live is? Unsure and want help? Let’s chat! Fill out the form at the bottom of the page, txt/call 613-286-9501, or email Matt@mattrichling.com

Ottawa Condo Market Statistics - June 2019

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Each month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for June and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Wow, things keep getting hotter and hotter in the Ottawa condo market. The average selling price, days on market, list to sold price, - all keep getting more intense.

Sellers: While things are doing well for you, we are still seeing properties that don’t sell above asking, and are taking quite a while to sell. It is not as much of a sellers market as one would think. Pricing and how a unit is shown, is more important than ever. I am seeing condos listed both over and under market value (by lack of experience), and seeing condos priced correctly while also zero effort put into preparing for showings. If you had looked at selling over the last few years, but decided to put a tenant inside instead, this might be the time to review the market and data.

Buyers: Patience, preparation, and persistence. Be patient - supply is low right now and the best units will come on the market (maybe not in your price point anymore, but they will list, I promise). This isn’t a crazy sellers market. You have to be able to say no if the unit isn’t what you are looking for. Preparation - Get that mortgage pre-approval now. Know your numbers and what exactly you can afford. Being able to walk into the offer process with shorter timelines will make you stand out and give you more confidence with your offer. Persistence - Again, there is a supply shortage. The best units will come on the market, will just need to wait it out. We are also seeing more and more multiple offer scenarios, which means that you have a larger chance of loosing out if you don’t act quickly or are not prepared. If you do loose out, don’t give up!

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Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Claridge Moon - Sales Update

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**For more information about Claridge Moon, visit our Claridge Moon project page HERE. All information about the project will be located here, including floorplans, renderings, construction update, news articles, pricing, etc. **

Claridge launched its latest project called Claridge Moon which will be located at the corner of Queen and Lyon street. The project will consist of 266 units over 27 stories. As of today, Claridge has sold firm 33 units with another 10 units currently held reserved for signing. Pricing has not yet increased, yet we are told to expect an increase soon.


Ottawa Condo Market Statistics - May 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for May and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Centretown has been a very hot month for condo sales. Over last month (April 2019) we saw the average sold price has increased, along with the number of sold units, the days on market has dropped in almost half, plus the list to sell price has tightened up, all signalling that demand for Centretown has increased, while the supply (up until this month) had not. However we have seen the supply (new listings) increase from 58 in April 2019, to 79 in May 2019. While that is not a significant number, it should certainly help buyers who are trying to get into the area. Overall it is still a very strong sellers market.

Over last month (April 2019), Byward Market and Sandy Hill, continues to improve slightly, with over $22k average selling price increase, and an extra 1.2% list to sold price (99.5% vs 98.3% in April 2019). Number of units sold, number of new listings, and days on market improves only slightly. Overall, this shows the improvement over last year. The Byward Market and Sandy Hill are still a balanced market or slightly leaning towards a sellers market.

Little Italy is still a difficult area to breakdown with such few sold units - take these numbers even more with a grain of salt. While there was very little change over last month (okay, yes average sold price increased by 18k) the one exception was the days on market jumped to 60, which was more in line with what we were seeing in 2018. We are still seeing fewer listings on the market, which is helping to keep the list to sold price at a very tight 99%. With such little supply in Little Italy, the hot properties will sell quick and for a very strong price.

Same as Little Italy, these Hintonburg condo stats need to be taken with a grain of salt due to the low volume of sold units. We are starting to see the days on market rise, along with the amount of new listings to match what we saw last year at this time. However in perspective to other neighbourhoods in Ottawa, the days on market is still quite low, and with a higher list to sold price it is still clear that it is a sellers market in Hintonburg. If we saw more supply hitting the market, then we might see things balancing out in more favour for a buyer.

The Westboro condo market has continued to improve with only four new condos adding to the supply. The days on market is the lowest in the city, with the highest list to sold price (tied with Byward Market and Sandy Hill). This is certainly a sellers market and we will need a large number of new listings to help balance it out.

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Claridge Moon - VIP Launch Update

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**For more information about Claridge Moon, visit our Claridge Moon project page HERE. All information about the project will be located here, including floorplans, renderings, construction update, news articles, pricing, etc. **

Yesterday, Claridge held its first launch for it’s newest building, Claridge Moon. The turn out was very good with a constant line around the building. Unconfirmed number of units that have been reserved is 54 units or just over 20% of the building already reserved, after the first inital launch. The public launch begins tomorrow at 12pm at the sales centre, and we are expecting prices to rise slightly.

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In terms of pricing, the building average is $648sqft with lowest being $575sqft up to $900sqft. If you don’t include the penthouse units (floors 26 and 27) the largest unit is 910sqft, and the smallest being 465sqft. Putting the average size of the building at 667sqft (not including the PH’s). Lowest priced unit is the $300,000 Titan floor plan, which is 510sqft. Previous to that was the Telesto floor plan (which is now reserved) of 465sqft for $272,000. Note that all units including a storage locker at no extra charge.

The penthouse units, which are located on floors 26 and 27, range in price from $448,000 and $464,000 (Vesta floor plan 640sqft), to $946,000 (Moonlight floor plan 1160sqft), and up to $1,635,000 (the Pandora floor plan 1890sqft).

There is no question that the excitement for this project is high - proximity to the LRT, and a Sobey’s in the ground floor podium.

Few more details:

- Condo fee’s are approximately $0.62/sqft
- Parking is $45,000 per spot ($77.74/month condo fee)
- Occupancy of September 1st 2023
- 25% Total Deposit ($20k to reserve, 10% (less the 20K) at signing, 5% 30 days from signing, 5% at excavation, 5% at interim occupancy)

Questions about pre-construction condos in Ottawa? Trying to decide on the best project for your goals? Let’s chat. Fill out the form below!

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Ottawa Condo Market Statistics - April 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for April 2019 and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - March 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for March 2019 and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

The Slater - Only Three Units Left

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The Slater Condo for sale in Ottawa

The Slater, which was built by Broccolini and is located at 199 Slater Street, has only three units left that are available for sale. The building is sitting above the Alt Hotel and has a total of 178 units over 22 floors. Units range from 703sqft (plus a 51sqft balcony) for Unit 1901, up to 1,592 sqft (plus a 253 sqft balcony) for Penthouse 3.

The building is gaining a lot of attention for its finishing quality, superb location, and sleek amenities.

For more information about The Slater, or available condos located in downtown Ottawa, fill out the form below.

Claridge Moon - Launch Date

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Claridge has quietly announced the launch date for its next condo project. Claridge Moon, a 27-storey condo tower that is located above the Lyon LRT station, will launch on March 30th, 2019. There is no pricing yet, however the project will consist of 259 condo units ranging from 510sqft to 1,225sqft.

“The ability to incorporate the LRT in the Claridge Moon development is so unique — it is impossible to place a value on it for the future residents. Imagine being able to access the ByWard Market, Westboro or the University of Ottawa in just a matter of minutes without the inconvenience of traffic through the core.” says Neil Malhotra (Claridge vice-president) to the Ottawa Citizen.

**For more information about Claridge Moon, visit our Claridge Moon project page HERE. All information about the project will be located here, including floorplans, renderings, construction update, news articles, pricing, etc. **

Ottawa Condo Market Statistics - February 2019

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As we do every month, we have taken a closer look and broken down the sales data for the month of February 2019 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Do you have any questions about how this information affects your investment or looking for more information to make the best decision? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - January 2019

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As we do every month, we have taken a closer look and broken down the sales data for the month of December 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Do you have any questions about how this information affects your investment or looking for more information to make the best decision? Let’s chat! Fill out the form on the bottom of the page.

Claridge Moon/District/Royale - Coming 2019

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2019 is shaping up to be the “Year of Claridge”. Aside from Claridge Icon that is under construction, Claridge is getting set to launch three new condo projects in 2019.

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Claridge Moon is going to be located at Queen at Albert, located at the Lyon LRT Station. A three tower development consisting of a 26 storey rental building, 25 storey condo building, and a nine storey tower for rentals. The condo tower name “Claridge Moon” will consist of 229 units. No idea of pricing or sizing at this time. For more information on Claridge Moon, visit our page here, which has all of the renderings and up to date information as it becomes available.

Claridge District is going to be located at 91 Nepean and will be “move-in ready” condos. Not much information at this time.

Claridge Royale looks to be the most exciting. Located in the Byward Market, Claridge had purchased the Metro Grocery site (at 245 Rideau street at Cumberland) a number of years ago which at the time started quite a bit of talk about what exactly they would do with it. The project will consist of three towers (28, 26, and 19 floors) that includes a condo tower, hotel, and most likely a rental building. We are hearing that the Metro will continue to be a tenant in the building (once completed) as well as the possibility of a Canadian Tire on the second floor. For more information on Claridge Royale, visit our page here, which contains all of the renderings and up to date information as it becomes available.

Looking to purchase a pre-construction condo in Ottawa? Want some guidance in navigating which project best fits what you are looking for? Fill out the form at the bottom of the page to chat.

Ottawa Condo Market Statistics - December 2018

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As we do every month, we have taken a closer look and broken down the sales data for the month of December 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Questions about how these numbers affect your investment/condo? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - November 2018

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As we do every month, we have taken a closer look and broken down the sales data for the month of November 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


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Questions about how these numbers affect your investment/condo? Contact us to chat more!

HLMRK Luxury Residence - Launching Soon

Without much information available, a new tower is coming to Centretown! HLMRK Luxury Residences, by M Developments is set to launch this December.

From the website “HLMRK heralds the arrival of a new residential landmark in Ottawa - a visionary union of modern design, locally sourced building materials, dramatic spaces, and carefully curated sweet amenities.”

View the website at www.hlmrk.ca or clicking this link.

For more information about pre-construction condos in Ottawa, fill out the form below.

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Ottawa Condo Market Statistics - October 2018

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Each month we take a closer look at the previous monthly condo sales data for the top five "downtown" Ottawa area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days. Questions?


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Questions? Want to know how it affects your condo? Fill out the form below and let’s chat.

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Ottawa Condo Market Statistics - September 2018

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Every month we take a closer look at the sales data for the previous month for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days. Questions?


CENTRETOWN

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Huge jump in the average selling price for Centretown condos this year compared to September of 2017. Part of the reason for the large jump was due to a number of sales over the $500k mark. Over last month, we saw a similar number of new listings, while we saw quite a few more properties sell (33 vs 24). The list to sold price ratio stayed about the same, with the days on market increasing slightly (63 vs 51).


BYWARD MARKET AND SANDY HILL
(INCLUDES LOWERTOWN)

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Compared to last month, the Byward Market saw a healthy jump in average sold price with the number of sold condo units fell over last month (16 vs 24). Other than the differences in sold price, September of 2018 is pretty much the same as last year.


LITTLE ITALY
(INCLUDING LEBRETON FLATS)

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Little Italy continues to see fewer sales compared to new listings which is great if you are a buyer looking to enter. The average selling price is up over last month (362,330) and last year (329,086). Take the sold data with a grain of salt, since there is only a few sales to provide an average.


HINTONBURG

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Hintonburg continues to be an area with healthy demand and very few options for buyers. Lots of older product with very few modern buildings that continue to cause havoc on the numbers. Like last month, we saw the same amount of new listings that ended up selling, providing no increase or decrease to number of available product. With that, the DOM and list to sold price continue to weaken. We are seeing first hand that nice product that is priced right will sell quick!


Westboro

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Westboro continues to stay in great shape with one of the highest average selling prices. The DOM tightened up over last month, however we saw more activity which brought the other numbers more in line with what we are seeing across the city.


Looking for specific information about an Ottawa condo building or area? Thinking of buying and maximizing your dollar? Let's chat. Fill out the form below.

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Ottawa Condo Market Statistics - August 2018

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We have taken a closer look at the sales data for the month of August 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


CENTRETOWN

Ottawa Condo Market Statistics Centretown

The market in Centretown slowed down over the month of August as most buyers and sellers are typically traveling or enjoying the summer before heading back to work. Compared to last month, (July 2018 stats) we saw our average selling price drop from $371,512 to $358,201, and only 32 new listings to July's 48. List to Sold prices came back to along what it was last year. 

What does this mean? While you could argue things slowed down, the lack of demand (fewer buyers) showed its head, and unless we see an increase in new listings in September, the DOM and list to sale price ratio will tighten up as there will be less to buy. We saw a more balanced market in August.


BYWARD MARKET AND SANDY HILL
(INCLUDES LOWERTOWN)

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Compared to July, we saw a $90,000 reduction in average sale price, fewer days on market, and a tighter list to sold price. In August we saw an equal amount of new listings to sold listings.

What does this mean? There was a higher demand for lower priced properties, and a strong pull from investors looking in that sub 300k market. The low amount of new listings, shorter days on market, and higher list to sold price ratio means things can easily jump in September unless we see more product come on the market. A sellers market below $300k, and a buyers market above $300k.


Little Italy
(INCLUDING LEBRETON FLATS)

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The seven sales in July were hot, which is evident in the 99.7% average list to sold price and the 35 average days on market. The average selling price dropped, which needs to be taken with a grain of salt since we have such low number of data points.

What does this mean? The properties that sold, were priced well and hot for the buyers looking. Its a buyers market, unless you are looking at one of the hot listings. Last month saw 14 new listings with only 4 sold. 


HINTONBURG

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Looking at the differences over last year might give you a scare - however with such few data points, you need to understand it is not a perfect example and rather use trends to better understand the market. We saw more new listings and more sales this month than last month. The days on market stayed the same, and the average selling price dropped. Other than price, things have certainly improved over last year!

What does this mean? As with other areas, the amount of sales below the 300k continue to dominate. The market has certainly improved over last year, and I would be willing to bet that next month you will see the selling price jump back up. The lower DOM over last year still signifies that more buyers are looking here than before, and would be a good time to sell!


WESTBORO

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Like last month, Westboro continues to be one of the hot markets with high prices and low inventory. A very tight List to Sold Price ratio and such few new listings makes this a unique market when you see the high DOM. The right properties are selling for close to ask, but taking longer. I would be willing to bet that September will see DOM drop.


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Ottawa Condo Market Statistics - July 2018

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Let's break down some specific data for the month of July for the top five "downtown" area's - specifically Centretown (including Golden Triangle), Byward Market and Sandyhill, Little Italy (which would include Lebreton Flats),  Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


Centretown

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The market in Centretown continued to tighten for July which is noticeable in the higher list to sold price ratio of 99.1% compared to 98.8% (from last month) and the fewer days on market of 43 compared to 46 (from last month). We still have a similar amount of new listings as last month, however the amount of units that sold have dropped from 43 (June) to 29 (July). Prices are up compared to last year, however holding about the same as last month.

What does this mean? While things have tightened up, the numbers would show that there is going to be more units available going into August. This might ease up the DOM, Sold Price Ratio, or the average sold price - more supply with equal or less demand.... Could be seeing a shift to a more buyer focused market.


Byward Market and Sandy Hill
(Includes Lowertown)

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Compared to last month we have seen similar numbers except for two. The average price has jumped from $362,773 in June 2018, to $410,517 for July 2018. Keep in mind that in May 2018 it was almost $400k, so the large change is expected and due to the few number of data points that are used can vary the number. At the same time, the days on market has increased from 50 last month, to 84 this month. Note - the DOM hit 162 days back in January of 2016.

What does this mean? With the DOM jumping up to 84 days, yet amount of new and sold listings staying almost the same as last month, we would expect the price to come back down or the list to sold price ratio to drop. Still continues to be more of a buyers market, especially with the higher DOM, lower LTS price ratio, etc. 


Little Italy
(Including Lebreton Flats)

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Average price has jumped over last month (June 2018) to $395,175. However that is based on the only four sales that happened this month. We continue to see more new listings, and fewer sales. DOM has increased to 50 days and the LTSP ratio has nudged up to almost 98.9%. 

What does this mean? A buyers market. Higher DOM, more options (listings), etc. With only four sold it means you have less competition. However the high LTSP ratio says that for the sellers who are serious, and priced right, you can and will sell.


Hintonburg

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The average sold price has dropped to $318,173, when it was $374,620 last month (June 2018). Activity has dropped (both new and sold listings), and the LTSP ratio edged up slightly. 

What does this mean? More of a sellers market. With fewer units available overall, a higher sold price ratio, and a somewhat low DOM, It would be a good time to sell. Buyers will want to see more supply, or need to be quick on their feet for the best units.


Westboro

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The average price is up over last month, but down over this time last year. Less activity then last month, but similar ratio of new vs sold units. Same LTSP ratio as last month with DOM increasing slightly. 

What does this mean? Sellers market. Highest average price, and highest LTSP ratio, along with the similar ratio of new vs sold listings, make it a very difficult buyers market. Not much negotiating is going on. Chances of multiple offers are strong. Again, the higher price point is due mainly to the larger, longer planned living (compared to the studio and sub 600sqft units in Centretown etc.).


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Grocery Stores In Centretown

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Everything is in within walking distance when it comes to living in Centretown, including grocery stores and assorted food shops. We made it easier for you to locate shops near you or even ones that may have a specific ingredient you may need. This list also includes health and gluten free stores as well! Are we missing something? Let us know!

Herb & Spice Food Shop

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Located at 375 Bank St, Herb & Spice is your go to shop for ethically sourced food, vegetarian and vegan options, gluten-free and raw foods, as well as locally-produced items. There is also a Wellness Shop that offers supplements, cosmetics, personal hygiene, household and aromatherapy products. Open until 9pm every day!

Massine’s Your Independent Grocer

 

Located at 296 Bank St at the corner of Bank Street and Somerset, Independent is your go-to grocery store to get your everyday needs! Open until 10pm M-F and 9pm on the weekend. Underground parking! Offers a student discount on Tuesdays.

 

Photo: Don and Jenn at FoodiePrints (TIP: check out their book - worth the purchase if you love food)

Photo: Don and Jenn at FoodiePrints (TIP: check out their book - worth the purchase if you love food)

Sobey’s Urban Fresh Metcalfe

Located at 193 Metcalfe at the corner of Metcalfe and Lisgar, Sobeys is conveniently located in the podium of Tribeca Condos (179 Metcalfe and 40 Nepean) where you can grab your everyday essentials or if you are in a rush, they have pre-made meals that you can eat on the go or heat up at the office! Also has wine and beer sales (restricted hours). Open till 11 pm every day. Underground parking is available but can be expensive!

Seed To Sausage

Located at 729 Gladstone Ave, Seed to Sausage cannot be missed when driving down Gladstone Ave as their shop logo is a giant pig. This store is where you can get handcrafted meats that are locally sourced and have few additives and preservatives. Seed to Sausage offers over seven cured meats including Genoa, Calabrese, and Chorizo. In shop made sausages (with no antibiotics, hormones or gluten) include caramelized onion & pepper, garlic red wine, jalapeno cheese curd smokies, apple & sage, and Mexican Chorizo. It doesn’t end there! They also have their own Old Fashioned Double Smoked, Molasses, and Cracked Pepper bacon! You are also able to purchase house-cured ham, smoked duck breast, hot dogs, and other assorted meats like Montreal smoked meat, duck prosciutto and pancetta! Wow your guests at your next dinner party with these selection meat products! Open till 7 pm M-F. 13 minute walk from Bank and Gladstone.

If you don’t mind a short walk outside of Centretown:

Loblaws Glebe

Located at 64 Isabella, just south of the 417 at the bottom of Elgin! Recently renovated, it has a nice selection of fine cheeses and ready made foods. Right beside an LCBO, you can get all your shopping done in one stop. New large space and quite clean. Open untill 11 pm everyday.   

 

Whole Foods Market

Located at 951 Bank St at Lansdowne in the Glebe, Whole Foods is your go-to organic, gluten-free and other food intolerances. There are also pre-prepped stations for pizza, sushi, taqueria ( Mexican-inspired) as well as a coffee var, scratch bakery as well as a butcher and fishmonger. You can also shop online using Amazon!

Metro Glebe

Located at 754 Bank St in the Glebe, Metro is your go-to grocery store to get your everyday needs! Don't let its size fool you, they pack it wall to wall with your standard items - it's no Kanata Loblaws, but decent quality!