Blog
Ottawa Real Estate Market Update: November Residential Resales: Expectedly Low
[embed]https://youtu.be/1oIV_Nf1MzI[/embed] PRICES: Residential Prices ⬇️ 5% from last year Condominium Prices ⬇️ 4% from last year SUPPLY is ⬆️ 1598 new listings came to market this past month. We do not usually see so many new properties in October. The exception is 2020, where several properties held off until the last quarter to be listed after ...
Continue ReadingOttawa Real Estate Market Update: October 2022 Resale Market’s Adjustment and Correction Continues
Ottawa 30-second Real estate market update PRICES: Residential Prices ⬇️ 5 % from last year Condominium Prices⬆️ 9% from last year Affordability is the key here. Condos are usually at a lower price point than residential homes, so as interest rates have impacted the reach that buyers can obtain. Condominiums have become the more ...
Continue ReadingOttawa Real Estate Market Update: September 2022 Resale Market Continues to Slow as Buyers Remain Watchful
OTTAWA, October 5, 2022 - Members of the Ottawa Real Estate Board sold 1,080 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,601 in September 2021, a decrease of 33%. September’s sales included 816 in the residential-property class, down 34% from a year ago, and ...
Continue ReadingOttawa Real Estate Market Update: August 2022 Buyer Uncertainty Slows Down August Resales
[embed]https://youtu.be/U_oi5xT4bhI[/embed] PRICES: Detached Home Average: $747,310⬆️ 3.5% Condo Average: $421,966 ⬆️ 4% Semi-Detached Average: $667,655 ⬆️ 5% Row Home Average: $611,715 ⬆️ 6% SUPPLY: 2093 new listings came to market this past month. This is on par with what we normally see in August DEMAND: 1137 residential properties sold over the last month This is DOWN 30% from last August. ...
Continue Reading
