Blog - Page 4 of 8 - Ritchie Twins

Ottawa’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 […]

Ottawa’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) […]

Early 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 […]

Ottawa’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 […]

New Year, New Home?!

As 2021 wrapped up, the Ottawa Real Estate Market sure had some up’s & downs. 862 residential homes were sold in the month of December, compared to 997 sold in December 2020.That’s a decrease of 14%. What will the Ottawa Real Estate market look like in 2022 you might ask? “January through March are usually […]

Ottawa Market Update: May 2021

It’s been a wild year with Covid-19 and lockdowns & you’re probably wondering how this is STILL impacting Ottawa’s Real Estate Market today? Ottawa Real Estate Board President, Debra Wright states that “Although Ontario was in a lockdown in both May 2020 and May 2021, the impact they had on Ottawa’s resale market was quite […]

Market Update: Stress Test

As some of you might be aware, Canada’s Top Banking Regulator is proposing to raise the mortgage stress test level to 5.25 % or two percentage points above the market rate- (whichever is higher). Currently, the stress test is at 4.79 %. So you’re probably wondering…How does this affect me when buying, selling, or investing […]

OTTAWA MARKET UPDATE – MARCH 2021

The month of March has continued to show how HOT the Ottawa Real Estate Market is! Ottawa has seen 2,285 residential properties in March through MLS, compared to 1,514 in March 2020, an increase of 51 per cent! March’s sales included 1,705 in the residential-property class, up 47 per cent from a year ago, and 580 in the […]

Valentine’s + Family Day Fun In Ottawa This Weekend!

With COVID-19 protocols still in place, there is still plenty to do in the Nation’s Capital this Valentine’s / Family Day weekend! Check out these ways to experience the city virtually and spend time outdoors safely! Winterlude is taking place virtually starting today until Sunday, February 21! This year, download the brand-new Winterlude app (search […]

State of Emergency Update: Here’s What You Need To Know About The Real Estate Market

By now, you’ve heard about the new COVID-19 State of Emergency announced taking effect today. You’re probably thinking, how does this affect the real estate market?… I am still looking to buy or sell. Well… Real estate continues to be an essential service, members are permitted to continue to transact business and open houses remain […]