Ottawa Real Estate Resale Market Stalls in August

1,196  residential properties were sold in the month of August compared to  1,130 sold in August 2022.That’s a increase of 6%.

“Sales activity was up marginally on a year-over-year basis in August but remained well below the historical average for this time of year,” says Ken Dekker, OREB President. “There is no shortage of demand given increased immigration and the large Canadian population cohort entering the market. The lack of suitable, affordable housing is a hindrance. High borrowing costs and economic uncertainty are impacting both sellers and buyers, which we expect will continue to result in further market fluctuations.”

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, www.oreb.ca
Here is a breakdown of August 2023 Ottawa Real Estate Market Numbers:
Chairman's Team Award

2023

Chairman's Team Award & Platinum Status

2022

Diamond Award Team

2021

Platinum Status

2020

2020 Chairmans Team

2020

2017-2019 Platinum Club

2017-2019

2016 top 100 Club Team

2016

2015 Executive Club Team

2015