The best time to buy a house in Ottawa is now. Although there were dramatic price gains recently, the real estate market in Ottawa is not a housing bubble. People can always expect a slow yet steady increase rate of six to seven percent.

Why Shouldn’t Homeowners Wait to Buy?

Homeowners should immediately buy for several reasons. First, there is no telling when the real estate market will peak, or interest rates will rise even more than they recently did. Second, as prices increase, so does the minimum down payment required. Third, if you wait too long, you may be unable to afford the home you want.

Is Springtime the Best Season to Buy a House?

There is yet to be a definitive answer as to whether springtime is the best season to buy a house. However, springtime is generally considered an excellent time to buy a home because more houses are on the market, and buyers have more negotiating power.

First, interest rates are still relatively low. It means that you’ll be able to get a good deal on your mortgage. However, rates are expected to start rising soon, so if you’re considering buying a house, you should do it sooner rather than later.

Second, there is more competition in the spring market. As a result, you’ll need to be prepared to decide if you find a house you like. If you take too long to make an offer, someone else may swoop in and snatch it up.

Third, you may have to deal with more repairs and renovations than usual. Many people put their houses on the market in the spring because they want to get them in tip-top shape before the summer. Overall, spring is a great time to buy a house.

3 Factors to Consider Before Buying a House

Aside from ensuring the budget is perfect for the chosen property, there are still more factors aspiring home buyers need to consider before closing a deal in the estate market. For example, they should consider the legalities required to ensure the sale is valid.

  1. Hire Estate Brokers

First, you need to hire an estate broker to help you find the house you’re looking for. They’re the ones who can help you narrow down your options. Also, they can help you negotiate with the seller to get a lower price.

  1. Apply for a Mortgage

If you’re applying for a mortgage, you must apply for it at least six weeks before the closing date. Doing this will help ensure that the mortgage is approved on time. As a result, the approval should coincide with the target sale date.

  1. Schedule Home Inspection

A home inspection is a must, even if you’re buying a newly built home, because it helps you check for any defects or problems that may arise. Hiring a professional inspector can help you identify whether the property is worth the sale. It should also dictate the negotiations and how the deal will end.


Before looking at houses, see that you’ve done your research and are ready to take responsibility. Once you’re sure you’re ready, start looking for properties that fit your budget and needs; then, it is time to start thinking about the offer.

Once you’ve made an offer, it’s time to start the negotiation process. It can be a long and stressful process. Therefore, ensure you’re prepared for it. If you’re not comfortable with negotiation, you can always hire a real estate agent to do it for you.

RE/MAX Hallmark Excellence is an award-winning real estate company in Ottawa. We have the best realtors under our belt, helping home buyers find the best deals before selling their property in the market. Learn about estate sales today and buy a house in Ottawa right away.