May 2022 Real Estate Newsletter
Thursday Jun 16th, 2022
The average house prices continue to remain strong and overall, we are still in a seller’s market. Its not a crazy as it was in the earlier part of the year however, most homes are still getting 100k-200k or more over list price. I have noticed more sales of high-rise condos in Centertown and Westboro, many of which are getting over asking price. Days on market have also gone down to a few days or a week in many cases. New home construction continues to be challenging with many builders releasing limited lots and selling out in a matter of hours. Home sales over 1 million have increased with over 150 sales recorded in April. There is plenty of inventory out there for anyone looking to buy and I suspect we will see more homes comes up as we head into the summer.
EVENTS IN OTTAWA – MAY 2022
Here are a few events and things to do this May right here in town!
Canadian Tulip Festival – The Tulip Festival will be celebrating its 70th year! Featuring over 280,000 tulips, its quite the site to see. There will also be arts and crafts, food vendors and more. A great activity for the whole family.
Ottawa Blackjacks – Ottawa’s very own basketball team will be playing at TD place on May 25th.They will also hosting the 2022 CEBL Championship Weekend from August 10-14, 2022.
Ottawa Redblacks – The Redblacks kickoff their pre-season game again the Argonauts on May 27th at the TD place.
Sightseeing Cruise – Take a leisurely cruise through Rideau Canal Cruises and discover the wonderful Rideau Canal, from Dow’s Lake to the Ottawa River.
Music Concerts – Avril Lavigne will be performing at TD Place on May 9th and STING will be at the Canadian Tire Centre on May 4th.
As always, it would be my pleasure to assist you, your friends and family with any Real Estate needs. Please don’t hesitate to reach out with any questions!