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May 2023 Ottawa Market update: Ottawa resale market heats up in May
As of June 7th, 2023, the prime rate has increased by another 0.25% for the second time this year. We know the rate went up 7 times last year, and each time, house prices went down along with affordability. It will be another week or two until we see the full impact ...
Continue ReadingApril 2023 Ottawa Real Estate Update: Resale Market Springs Back in Favour of Sellers
Ottawa Market Data, The Numbers Price Residential Prices ⬇️ 10% from last year Average Price: $747,123 Condominium Prices ⬇️8% from last year Average Price: $435,875 ⬆️14% since December 2022 ⬆️5% Freehold and 4% Condo increase since March 2023 Supply Total Inventory - ⬆️ & ⬇️ April 2022 - 2843 properties were listed April 2023 - 2144 properties were listed *5 ...
Continue ReadingMarch Ottawa Real Estate Update: Signs of Spring Surge Sprouting
OTTAWA, April 4, 2023 - Members of the Ottawa Real Estate Board (OREB) sold 1,194 residential properties in March through the Board’s Multiple Listing Service® (MLS®) System, compared with 2,003 in March 2022, a decrease of 40%. March’s sales included 893 in the freehold-property class, down 40% from a year ...
Continue ReadingFebruary Ottawa Real Estate Update: Resale Market Stabilizes in February with a Glimmer of Hope for Buyers and Sellers Alike!
https://youtu.be/p9ttW4Mv8wU Ottawa Market Data, The Numbers Prices ⬆️ & ⬇️ Residential Prices ⬇️ 16% from last year Average Price: $708,968 Condominium Prices ⬇️12% from last year Average Price: $410,927 approx 5% over January 2023 Supply Total Inventory - ⬆️ & ⬇️ February 2023 saw 2.74 months which is UP from February 2022 where we had less than one month ...
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