Ottawa’s Real Estate Resale Market Continues to Adjust
987 residential properties were sold in the month of October, compared to 1,670 sold in October 2021.That’s a decrease of 41%. “After the volatility of the past two pandemic years, which was unsustainable, the market is correcting and adjusting,” says Penny Torontow, Ottawa Real Estate Board President. “The slowdown is compounded by Bank of Canada […]
Read moreIs the Ottawa Real Estate Market Continuing to Slow Down?!
1,080 residential properties were sold in the month of September, compared to 1,601 sold in September 2021.That’s a decrease of 33%. “September’s lower sales performance reflects continued hesitancy among Buyers as they watch interest rates rise and consider the speculation surrounding price trends. With rising interest rates, the mortgage stress test has sidelined some potential […]
Read moreIs Buyer Uncertainty Slowing Down The Ottawa Real Estate Market Resales?
1,137 residential properties were sold in the month of August, compared to 1,565 sold in August 2021.That’s a decrease of 27%. “Prices are still rising slightly in some areas, albeit lower single-digit percentage increases, bringing back the moderate price-growth stability that is characteristic of the Ottawa resale market. What happened to prices in 2020 and […]
Read moreIs The Ottawa Real Estate Market Slowing Down?
1,110 residential properties were sold in the month of July, compared to 1,718 sold in July 2021.That’s a decrease of 35%. “We are witnessing a profound slowdown in Ottawa’s resale market. July’s numbers reveal that Buyers are indeed putting on the brakes more heavily than what is typically expected during the mid-summer sales dip. Aggressive […]
Read moreIs Ottawa’s Real Estate Market Shifting?
1,508 residential properties were sold in the month of June, compared to 2,122 sold in June 2021.That’s a decrease of 29%. “After the frenzy of the past two years, we are witnessing Ottawa’s resale market normalize in 2022 and shift towards the more traditional seasonal ebb and flow cycle. While June transactions do typically taper […]
Read moreOttawa’s May 2022 Real Estate Market Stats Are In!
1,846 residential properties were sold in the month of April, compared to 2,285 sold in May 2021.That’s a decrease of 19%. “Average prices, while still higher than 2021, are showing signs of adjusting to the pace of the market with a month-over-month decrease of 2% in both property classes. In April, we also saw […]
Read moreOttawa’s April Real Estate Market Stats Are In!
1,889 residential properties were sold in the month of April, compared to 2,394 sold in April 2021.That’s a decrease of 21%. “Certainly, there are a few factors at play: rising interest rates, growing Buyer frustration, April’s cooler temperatures, as well as the housing supply measures recently announced by the government – these could all […]
Read moreOttawa’s Spring Real Estate Market Is Officially in Bloom!
2,011 residential properties were sold in the month of March, compared to 2,274 sold in March 2021.That’s a decrease of 12%. “Although the number of sales in March decreased from last year at this time, it was still a robust and busy start to the spring season. Transactions increased 42% over February (590 units) […]
Read moreEarly Spring Market in Ottawa Real Estate?
1,421 residential properties were sold in the month of February, compared to 1,385 sold in February 2021.That’s a increase of 3%. ““Although February’s resales were only 3% higher than last year at this time, we saw a 52% increase in the number of transactions compared to January’s figures (936). While a month-to-month increase is […]
Read moreOttawa’s 2022 Real Estate Market Is Off To A Strong Start!
Ottawa’s 2022 Real Estate Market is starting off this year very strong! 936 residential properties were sold in the month of January, compared to 963 sold in January 2021.That’s a decrease of 3%. “January’s sales, almost identical to 2021’s, were very strong for a traditionally slower month, especially given the frigid temperatures and […]
Read more
