Members of the Ottawa Real Estate Board sold 862 residential properties in December through the Board’s Multiple Listing Service® System, compared with 997 in December 2020, a decrease of 14 per cent. December’s sales included 601 in the residential-property class, down 15 per cent from a year ago, and 261 in the condominium-property category, a decrease of 10 per cent from December 2020. The five-year average for total unit sales in December is 809. The average sale price... [read more]

Members of the Ottawa Real Estate Board sold 1,459 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,605 in November 2020, a decrease of 9 per cent. November’s sales included 1,086 in the residential-property class, down 10 per cent from a year ago, and 373 in the condominium-property category, a decrease of 7 per cent from November 2020. The five-year average for total unit sales in November is 1,348. The average sale... [read more]

Welcome to January! 2021 was quite the roller coaster ride for residential real estate! Inventory started out low, bidding wars became the norm and prices skyrocketed. So far, we are off to a slow start this year with incredibly low inventory across the board and very few sales to report. Will 2022 continue to be a seller’s market? It looks like its heading that way – only time will tell! TOP UPGRADES FOR THE RESALE MARKET When it comes time to put your home on the market, you... [read more]

Are you ready for the Holidays? I have been looking forward to this month all year. December is a busy time for most of us with Christmas shopping, Vacations and Family get togethers. This typically slows the real estate market down for the month. November sales saw a major decrease however prices continued to rise. As I have recently had the opportunity to travel to the States myself, I would assume several Canadians were vacationing last month and we will likely see this trend continue... [read more]

Members of the Ottawa Real Estate Board sold 1,677 residential properties in October through the Board’s Multiple Listing Service® System, compared with 2,132 in October 2020, a decrease of 21 per cent. October’s sales included 1,263 in the residential-property class, down 24 per cent from a year ago, and 414 in the condominium-property category, a decrease of 14 per cent from October 2020. The five-year average for total unit sales in October is 1,605. The average sale price... [read more]