Should You Sell Before You Buy—or Buy Before You Sell? A Guide for Ottawa Homeowners

If you're planning to make a move in Ottawa's real estate market, one of the biggest decisions you'll face is whether to sell your current home before buying your next one—or the other way around.

There’s no one-size-fits-all answer, but understanding the pros and cons of each option can help you make the right move with confidence. Here’s what Ottawa homeowners need to know in 2025.

 

Option 1: Sell Before You Buy

Selling first means you know exactly how much money you’ll have to work with when it comes time to buy your next home.

Pros:

• You’ll have a clear budget for your purchase.

• You’re less likely to feel pressured to accept a low offer.

• You won’t risk carrying two mortgages at once.

Cons:

• You may feel rushed to find a new home.

• If inventory is low, it could take time to find the right fit.

• You may need temporary housing between moves.

Good to know in Ottawa:
If your home is in a high-demand neighborhood like Hintonburg, Kanata, or Old Ottawa South, chances are it will sell relatively quickly—giving you more confidence to list before you buy.


 

Option 2: Buy Before You Sell

This route lets you secure your next home before putting your current one on the market.

Pros:

• You can take your time to find the perfect property.

• No need for temporary housing or storage.

• Smoother transition from one home to the next.

Cons:

• You may face financial stress carrying two mortgages.

• There’s a risk your current home won’t sell quickly.

• You’ll need to be financially qualified for both properties.

Tip:
If you’re in a strong equity position or expect your current home to sell fast, this can be a great option—especially if your dream home just hit the market.

 

What About Bridge Financing?

If you're buying before selling, bridge financing may help cover the gap. It’s a short-term loan that gives you access to the equity in your current home so you can buy your next one without waiting for a sale.

In Ontario, most major lenders offer this, but you’ll need a firm offer on your current home to qualify. Talk to your mortgage broker early in the process to see if this is an option for you.
 

So, Which Option Is Right for You?

The best choice depends on your situation. Ask yourself:

• How quickly are homes like mine selling?

• Do I have enough savings or equity to handle two homes temporarily?

• Am I okay with moving twice or living somewhere short-term?

Working with an experienced Realtor who understands Ottawa’s neighbourhoods and market conditions can help you time things just right.

Thinking of making a move?
Let’s talk strategy and explore the best path for your next chapter—whether that means selling first, buying first, or exploring bridge financing options.