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 […]
The January 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: January 2022’s sales were much like those of January 2021. Prices continued to rise as inventory remained low. Januarys condo market remained hot as sale prices are more attainable for buyers. If you’re considering a move we’re here to help answer any […]
The December 2021 Ottawa Real Estate Board Stats are out! Market Snapshot: A typical December resale market but, with Ottawa’s inventory shortage the pressure continues to increase sale prices. The Seller’s market held strong as December had less than one month’s supply of residential homes and condominiums. If you’re considering a move we’re here to […]
The November 2021 Ottawa Real Estate Board Stats are out! Market Snapshot: The number of transactions were down from November of last year however, unit sales were up 14% from November of 2019 (pre-pandemic). Meanwhile the average sale price escalations we’ve seen have lightly tapered off. If you’re considering a move we’re here to help […]