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, however, were likely waiting for the Bank of Canada’s interest rate announcement to see if it would affect their purchasing power. The first interest rate cut in four years is good news, but expectations still need to be managed as long as supply issues and high home prices persist.”

Now is the BEST time to work with a realtor as we know the day-to-day variabilities Ottawa’s resale market is currently experiencing. Contact Ottawa’s Best Real Estate Agents Brooke & Jenna if you have any questions or for a free comprehensive comparative market analysis. We are always happy to help!
Source: Ottawa Real Estate Board,
Here is a breakdown of May 2024 Ottawa Real Estate Market Numbers:
Chairman's Team Award


Chairman's Team Award & Platinum Status


Diamond Award Team


Platinum Status


2020 Chairmans Team


2017-2019 Platinum Club


2016 top 100 Club Team


2015 Executive Club Team