Blog - Ritchie Twins

Ottawa’s Hot Summer Real Estate Market Expected to Extend into Fall

1,100 residential properties were sold in the month of August. This is a 10.2% increase compared to August 2023. “Being a seasonal market, it’s very encouraging to see sustained levels of activity throughout the whole summer,” says OREB President-elect Paul Czan. “And coupled with a third consecutive interest rate drop from the Bank of Canada, […]

Ottawa’s Real Estate Market Gains Momentum Heading into Summer

1,241 residential properties were sold in the month of July. This is a 13.6% increase compared to July 2023. “As the market pace typically slows in the summer, July’s activity is encouraging and could be a sign of more gains ahead,” says OREB President Curtis Fillier. “Buyer confidence is slowly but surely catching up while […]

Ottawa’s Real Estate Market Activity Builds After Recovering from Prior Slowdown

1,439 residential properties were sold in the month of June. This is a 0.1% increase compared to June 2023. “Ottawa continues to see steady activity as we head into the summer market,” says OREB President Curtis Fillier. “Unlike recent years, buyers have more room to wait, evaluate and be selective when searching for the right […]

Ottawa Housing Market: Steady Growth with Measured Steps

1,545 residential properties were sold in the month of May. This is a 9.2% decrease compared to May 2023. “Ottawa’s early spring market was unsurprisingly steady,” says OREB President Curtis Fillier. “The increase in new listings indicate that sellers are more confident that properties are moving as more activity returns to the market. Some sellers, […]

Ottawa’s Housing Market Sees Moderate Increases, Signaling Confidence Between Buyers and Sellers

1,456 residential properties were sold in the month of April. This is a 8.9% increase compared to April 2023. “It’s a typical spring in Ottawa’s real estate market,” says OREB President Curtis Fillier. “What sets it apart from recent springs is a restored mutual confidence among both buyers and sellers. Buoyed by recent sales activity, […]

Ottawa Real Estate Market Shows Early Signs of a Buzzing Spring Market

1,165 residential properties were sold in the month of March. This is a 10% increase compared to March 2023. “Ottawa’s real estate market is overall healthy, providing fertile ground for an active spring and summer ahead,” says OREB President Curtis Fillier. “The increases in new and active listings indicate that sellers are feeling more confident, […]

Ottawa’s Real Estate Market Is Off to a STRONG Start

886 residential properties were sold in the month of February. This is a 15.2% increase compared to February 2023. “Even with higher prices and the interest rate holding steady, Ottawa is a strong, active market,” says OREB President Curtis Fillier. “With metrics across the board up from last year, it’s clear both buyers and sellers […]

Ottawa’s Real Estate Market Thawed in January but Sales Still Slow

629 residential properties were sold in the month of January. This is a 16.5% increase compared to January 2023. “Ottawa’s market activity is seeing positive gains over last year but it’s still a relatively quiet market even by pre-pandemic standards,” says OREB President Curtis Fillier. “While REALTORS® are telling us there’s lots of showing activity […]

Ottawa’s Real Estate Market December Home Sales Close Out Year in Steady State

565 residential properties were sold in the month of December. This is a 7.6% increase compared to December 2022. “Ottawa’s resale market closed out the year in a steady, balanced state,” says OREB President Curtis Fillier. “This could be an early indication that consumer confidence is returning. We likely won’t see the full impact of […]

Ottawa Real Estate Market Stable in November Amid Growing Supply

724 residential properties were sold in the month of November. This is a 1.6% reduction compared to November 2022. “Sales are performing as expected with the arrival of colder months, and an uptick in new and active listings is bringing more choice back into the market,” says OREB President Ken Dekker. “While more choice may […]