The November 2021 Ottawa Real Estate Board Stats are out! Market Snapshot: The number of transactions were down from November of last year however, unit sales were up 14% from November of 2019 (pre-pandemic). Meanwhile the average sale price escalations we’ve seen have lightly tapered off. If you’re considering a move we’re here to help […]
The October 2021 Ottawa Real Estate Board Stats are out! Market Snapshot: It was a common fall October market but if you’re looking to find a balanced market, Ottawa is not the place. With a one-month supply for residential properties the pressure continues to increase prices. If you’re considering a move we’re here to […]
The August 2021 Ottawa Real Estate Board Stats are out! Market Snapshot: The August resale market was a typical one during the summer months in Ottawa. Notably, the number of sales for the month was on par with past pre-pandemic figures in August of 2017 and 2018. If you’re considering a move we’re here to […]
The July 2021 Ottawa Real Estate Board Stats are out! Market Snapshot: The slow down in the Ottawa resale market is typical for July as Buyers and Sellers turn their attention to their vacations and other outdoor recreational activities. We are seeing housing stock increase and prices begin to stabilize which may indicate that Ottawa’s […]
Market Snapshot: The numbers are up again as this past months unit sales increased 19% from this time last year!
Ottawa’s resale market offers solid returns for many Sellers, while Buyers continue to feel the squeeze. Those most impacted are especially those attempting to enter the housing market. Multiple offers are a common occurrence with over 57% of properties selling over the listing price compared to 33% of transactions last July.
If you're considering a move we're here to help answer any questions you have, in this market you'll want a qualified, professional real estate company protecting your interests. Message us anytime!
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Market update: March 2020. While we are thankful to have been named an essential service, Realtors® and brokerages everywhere are working together to ensure that necessary protocols are in place to ensure public safety in this new reality. As trusted advisors, committed to flattening the curve, our industry is finding creative ways to use technology to assist clients who are in urgent need to buy or sell. While the beginning of the month there was plenty of activity as the spring market started to heat up, when the Ontario State of Emergency began, our industry rightly made the adjustments necessary
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Ottawa Real Estate Highlights December 2019 Record-Breaking 2019 Closes Out Decade Another record breaking year in both the number of sales & average prices! The average sale price of a residential property crept up over $500K during several months in 2019, with the annual average sale price settling at just below $490,000. As we head into 2020 we anticipate that the prices will continue to increase, however even then, the Ottawa area real estate market remains one of the most affordable major cities in Canada. Highlights
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In Ottawa, we talk about the Spring market and the Fall market as being the two busiest seasons to buy and sell real estate in Ottawa. Our Spring market started earlier this year and instead of slowing down over the Summer it continued to be strong throughout the Summer months. Throughout the year we have seen consistent growth in both listing prices and sale prices. In June, the Ottawa residential average sale price climbed over $500K for the first time ever! There is also great news for condominiums. Now that condo prices have bounced back, more condo sellers are deciding
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Ottawa Real Estate Market update: August 2019 (September 5, 2019) If you’ve been following the Ottawa Real Estate market it probably won’t come as a surprise that both unit sales and prices were up last month, in spite of continuing issues with low supply. Heading into the fall months we don’t see any signs of our fast paced market slowing down. If you have any questions, we’re always here to chat! Market Highlights: Number of Sales: Total properties sold 1,731 compared with 1,581 in August 2018, an increase of 9.5 per cent. 1,300 in the residential-property class, up 9.7 per
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The Ottawa Real Estate Board recorded the highest number of July sales in 15 years! Real Estate Market Trends and Highlights July 2019 1,842 residential properties sold on MLS® in July 2019, compared with 1,605 in July 2018, an increase of 14.8 per cent. 1,382 in the residential-property class, up 12.3 per cent from a year ago 460 in the condominium-property category, a rise of 23 per cent from July 2018. The five-year average for July unit sales is 1,579. July’s average sale price for a condominium-class property was $299,665, an increase of 6.8 per cent from last year The
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