Question 1

How do I start the home buying process in Ottawa?

Accepted Answer

Start by getting pre-approved for a mortgage — this tells you exactly what you can afford and shows sellers you're a serious buyer. Then connect with a REALTOR® to set up an MLS search and begin viewing properties. Our first-time buyer guide walks through all 8 steps in detail.

Question 2

How much do I need for a down payment?

Accepted Answer

In Canada, the minimum down payment is 5% for homes priced under $500,000, and 10% on the portion between $500,000–$999,999. Homes over $1 million require 20% down. If your down payment is less than 20%, you'll need CMHC mortgage default insurance.

Question 3

How much are closing costs in Ottawa?

Accepted Answer

Budget an additional 1.5%–4% of the purchase price on top of your down payment. This covers land transfer tax, legal fees ($1,200–$2,500), home inspection (~$500), title insurance (~$300), and moving costs. First-time buyers receive an Ontario land transfer tax rebate of up to $4,000.

Question 4

How long does it take to find and buy a home?

Accepted Answer

Most buyers take 2–3 months from starting their search to having an accepted offer. Add 30–90 days for the closing period. The full process from beginning to getting your keys is typically 3–5 months.

Question 5

Do I need a home inspection?

Accepted Answer

While not legally required, a home inspection is strongly recommended. It typically costs $450–$650 and can uncover significant issues before you finalize your purchase. In competitive markets, some buyers waive inspections to strengthen offers — your REALTOR® will advise you on the risk.

Question 6

What is title insurance and do I need it?

Accepted Answer

Title insurance protects you against losses from title defects, fraud, liens, or survey errors. It's a one-time cost of around $200–$400 and is strongly recommended. Most lawyers automatically include it in their closing process.

Question 7

Can I buy a home if I'm new to Canada?

Accepted Answer

Yes. Permanent residents can purchase property on the same terms as Canadian citizens. Those on work or study permits may have additional restrictions under the Prohibition on the Purchase of Residential Property by Non-Canadians Act. Speak with your lender and REALTOR® for your specific situation.

Question 8

How do I know what my home is worth?

Accepted Answer

The most accurate way is through a Comparative Market Analysis (CMA) prepared by your REALTOR®. This compares your home to recently sold and active listings in your area. We offer free, no-obligation home valuations — visit our valuation page to get started.

Question 9

How long does it take to sell a home in Ottawa?

Accepted Answer

In 2025–2026, the average days on market in Ottawa is 35–45 days. Homes priced correctly and professionally marketed often sell faster. Some sell in days with multiple offers; others may take longer depending on price, condition, and market conditions.

Question 10

What does it cost to sell my home?

Accepted Answer

Typical selling costs include real estate commission (typically 4–5% of the sale price, plus HST), legal fees ($1,000–$2,000), mortgage discharge fees (if applicable), and any agreed-upon repairs or staging. Our Cost of Selling calculator gives you a detailed estimate.

Question 11

Should I renovate before selling?

Accepted Answer

Not always. Minor repairs (fresh paint, updated fixtures, curb appeal) often provide strong ROI. Major renovations rarely pay off dollar-for-dollar. We advise every seller on the most cost-effective improvements for their specific home before listing.

Question 12

What is a home staging consultation?

Accepted Answer

Staging means presenting your home in its best possible light — decluttering, rearranging furniture, and adding finishing touches. Staged homes consistently sell faster and for more money. We provide a staging consultation as part of our seller service at no extra cost.

Question 13

What's the difference between pre-qualification and pre-approval?

Accepted Answer

Pre-qualification is a rough estimate based on self-reported information — it carries little weight with sellers. Pre-approval involves a full credit check and document verification from your lender, resulting in a written commitment for a specific loan amount. Always get pre-approved before making offers.

Question 14

What credit score do I need for a mortgage in Canada?

Accepted Answer

Most major lenders require a minimum credit score of 680 for the best rates. Scores between 600–679 may still qualify with some lenders but at higher rates. Below 600, you may need an alternative or private lender. Check your score through Equifax or TransUnion before applying.

Question 15

What is a fixed vs. variable rate mortgage?

Accepted Answer

A fixed rate is locked in for the mortgage term (typically 1–5 years), giving you predictable payments. A variable rate fluctuates with the Bank of Canada's prime rate, often starting lower but subject to change. Which is better depends on your risk tolerance and the rate environment.

Question 16

What is the stress test?

Accepted Answer

Canadian mortgage applicants must qualify at the higher of 5.25% or their contract rate plus 2%. This ensures you can afford your mortgage even if rates rise. It affects how much you can borrow — use our mortgage calculator to see your estimated payment.

Question 17

Is it a good time to buy in Ottawa?

Accepted Answer

Ottawa's market has historically been one of Canada's most stable, driven by a large, permanent government workforce. While market conditions vary, Ottawa has never experienced the extreme boom-bust cycles of Toronto or Vancouver. The best time to buy is when it's right for your personal and financial situation.

Question 18

Which Ottawa neighbourhood has the best schools?

Accepted Answer

Kanata, Barrhaven, and Stittsville consistently rank among Ottawa's top areas for schools. The Ottawa Catholic School Board and the Ottawa Carleton District School Board both publish annual EQAO results. We can provide school-specific information for any neighbourhood you're considering.

Question 19

How does the Ottawa real estate market compare to Toronto and Vancouver?

Accepted Answer

Ottawa is significantly more affordable than Toronto or Vancouver, with average prices roughly 40–50% lower. Ottawa also has lower price volatility. However, the Ottawa market is competitive in desirable suburbs, and homes in areas like Kanata and Barrhaven often attract multiple offers.

Question 20

Where should I invest in Ottawa real estate?

Accepted Answer

Areas near LRT stations (Orléans, Gloucester) offer strong rental demand. New development corridors in Barrhaven and Kanata present growth potential. Centretown and Sandy Hill have strong university-driven rental markets. Visit our Investment Properties page for a deeper dive.

Question 21

How much does it cost to work with you as a buyer's agent?

Accepted Answer

Nothing. In Ontario, the seller pays all real estate commissions. As a buyer, you receive full professional representation at no direct cost to you.

Question 22

Do you work with investors and commercial buyers?

Accepted Answer

Yes. We represent buyers and sellers in residential, commercial, and investment property transactions. We also help landlords find tenants for residential and commercial properties.

Question 23

What languages do you speak?

Accepted Answer

Akash Sharma is fluent in English, Hindi, Punjabi, Urdu. We work with clients from diverse backgrounds and communities across Ottawa.

Question 24

How quickly do you typically respond to clients?

Accepted Answer

We aim to respond to all inquiries within 1 hour during business hours. For urgent matters — especially during active negotiations — we're available by phone or WhatsApp virtually around the clock.

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