The July 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: The number of sales dropped in July and momentum continues for new listing inventory showing signs that a balanced market could be coming. The average sale price continues to climb however at a much lower, single-digit rate. If you’re considering a move we’re […]
The June 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: With more modest price increases in the resale market we saw a more traditional seasonal cycle for June. An increase of inventory allowed for more selection and less pressure on buyers. If you’re considering a move we’re here to help answer any questions […]
The May 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: Traditionally a high performing month, May’s resale market has shifted its pace in comparison to 2021. The aftermath of the recent derecho storm stirred up both Ottawa’s landscape and listing inventory. If you’re considering a move we’re here to help answer any […]
After an intense few years, the local real estate market is showing a very slight shift towards calmer waters. Jason Ralph, Broker of Record and President of Royal LePage Team Realty, explains, “The market was so overheated that even a small shift seems drastic, even though it isn’t going back to pre-2020 levels. We are starting […]
The April 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: With supply remaining under one month we continue to be in a seller’s market. Prices are continuing to climb but at a slower, more moderate pace than what we saw earlier in the pandemic. If you’re considering a move […]
The March 2022 Ottawa Real Estate Board Stats are out! Ottawa Real Estate Market Snapshot March 2022: March made for a busy month in comparison to February, however the number of sales were down from March of 2021. No more restrictions may have pushed attention elsewhere but as the weather continues to […]
The February 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: It looks like Spring may come early in Ottawa with an increase of 52% more transactions in February than in January. The rise in activity could be due to the announcement of upcoming interest rate increases pushing buyers to get into the […]
Market Snapshot: The numbers are up again as this past months unit sales increased 19% from this time last year!
Ottawa’s resale market offers solid returns for many Sellers, while Buyers continue to feel the squeeze. Those most impacted are especially those attempting to enter the housing market. Multiple offers are a common occurrence with over 57% of properties selling over the listing price compared to 33% of transactions last July.
If you're considering a move we're here to help answer any questions you have, in this market you'll want a qualified, professional real estate company protecting your interests. Message us anytime!
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Market update: March 2020. While we are thankful to have been named an essential service, Realtors® and brokerages everywhere are working together to ensure that necessary protocols are in place to ensure public safety in this new reality. As trusted advisors, committed to flattening the curve, our industry is finding creative ways to use technology to assist clients who are in urgent need to buy or sell. While the beginning of the month there was plenty of activity as the spring market started to heat up, when the Ontario State of Emergency began, our industry rightly made the adjustments necessary
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Ottawa Real Estate Highlights December 2019 Record-Breaking 2019 Closes Out Decade Another record breaking year in both the number of sales & average prices! The average sale price of a residential property crept up over $500K during several months in 2019, with the annual average sale price settling at just below $490,000. As we head into 2020 we anticipate that the prices will continue to increase, however even then, the Ottawa area real estate market remains one of the most affordable major cities in Canada. Highlights
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