Ottawa Real Estate Market Snapshot November 2024
The November 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Sales of homes in Ottawa saw an 11.8% increase in November 2023 yet still 3.1% below the five-year average. Despite the natural slowdown typical of the season as the holidays approach, some buyers are holding off, hoping for further interest rate reductions. […]
Ottawa Real Estate Market Snapshot October 2024
The October 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Ottawa’s housing market saw both home sales and average sale prices increase in October, signaling a recovery in the market. The boost in activity comes as consumers gain confidence, partly driven by the recent rate cut, which is helping to stimulate demand and […]
Ottawa Real Estate Market Snapshot September 2024
The September 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Home sales in Ottawa have risen by 11.4% compared to September 2023, indicating a positive shift in market activity. As we move into the fall, the outlook remains promising. Ottawa continues to face supply challenges, and news of potential future interest rate cuts […]
Ottawa Real Estate Market Snapshot August 2024
The August 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Home sales in Ottawa showed a 10.2% increase over August 2023. With the Bank of Canada’s third consecutive interest rate drop, we’re excited to see even more momentum in the fall market. If you’re considering a move, we’re here to help answer […]
Ottawa Real Estate Market Snapshot July 2024
The July 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: As of July 2024, the number of units sold year-to-date increased 5.5% compared to the same period in 2023. While summer traditionally sees a slowdown in the resale market, the activity in July is promising and may indicate potential gains ahead. If […]
Ottawa Real Estate Market Snapshot June 2024
The June 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: In June compared to the same period last year, Ottawa’s residential resale inventory grew by 4.7%, providing buyers with a broader selection and alleviating pressure. “Now is the time for sellers to ensure their property is at its best and priced appropriately […]
Ottawa Real Estate Market Snapshot May 2024
The May 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: The surge in new listings compared to May 2023 was paralleled by a notable uptick in property sales. With May maintaining a consistent pace, anticipation mounts as we eagerly await the impact of the Bank of Canada’s interest rate reduction on June’s […]
Ottawa Real Estate Market Snapshot April 2024
The April 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: The spring real estate market in Ottawa is starting to mirror its pre-pandemic vigor. With the arrival of delightful weather, we’ve seen a boost in new listings while buyers are emerging and becoming more active. If you’re considering a move, we’re here […]
Ottawa Real Estate Market Snapshot March 2024
The March 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: The Ottawa housing market has seen a positive start to the year, with an uptick in activity persisting as we enter the spring market. With an anticipated drop in interest rates expected this year, buyers and sellers are regaining confidence and are […]
Ottawa Real Estate Market Snapshot February 2024
The February 2024 Ottawa Real Estate Board Stats are out! Market Snapshot: Buyers and sellers alike were making moves in February as the number of properties sold in Ottawa increased 15% over the same month last year. Early spring weather has increased activity even while many remain on the sidelines awaiting interest rates to […]