Even with a lockdown in both May 2020 and 2021, Ottawa’s current real estate market looks quite different. Compared to May 2020, there was a 71% increase in homes sold in May 2021. For details on May’s activity, we are sharing the OREB’s May report (see...
Pent-up demand for homes in the Ottawa area continued to drive up average resale prices by 35% in March, compared to last year, to $758,802 for a residential-class property. A number of new listings came onto the market resulting in 2285 properties being sold,...
The red hot Ottawa resale market continued throughout February. Even with low inventory levels it was record month for sales due to properties coming on the market selling very quickly. For details on February’s activity, we are sharing the OREB’s February...
Another month of low resale inventory has pushed home prices to new record levels. The strong year-over-year trend that we have been experiencing in the Ottawa area market the past 18-months doesn’t seem to be letting up anytime soon. For details on...
Thinking about buying a condo? In October, Ottawa’s condominium supply was up 15% over last year, while residential housing supply was down 46% (Ottawa Real Estate Board). This trend may indicate a buying opportunity for those interested in the condo...
Buying a home can be a stressful experience, especially if you’re buying in a competitive market. Here are our tips for getting through it. We once considered Toronto and Vancouver to have Canada’s hottest real estate market, but now, Ottawa’s...
