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
Read More

The Ottawa Real Estate Board recorded the highest number of July sales in 15 years! Real Estate Market Trends and Highlights July 2019 1,842 residential properties sold on MLS® in July 2019, compared with 1,605 in July 2018, an increase of 14.8 per cent. 1,382 in the residential-property class, up 12.3 per cent from a year ago 460 in the condominium-property category, a rise of 23 per cent from July 2018. The five-year average for July unit sales is 1,579. July’s average sale price for a condominium-class property was $299,665, an increase of 6.8 per cent from last year The
Read More

Highlights: Total properties sold : 2,423 in May through the Board’s Multiple Listing Service® System, compared with 2,271 in May 2018, an increase of 6.7 per cent. May’s sales included 1,869 in the residential property class, an increase of 4.6 per cent from a year ago.  554 in the condominium property class, an increase of 14.2 per cent from May 2018. The five-year average for May unit sales is 2,167. Average sale price for a condominium-class property was $297,731, an increase of 5.8 % over May 2018 Average sale price of a residential-class property was $493,691, a rise of 6.4%
Read More

January 2019: Record-Breaking Home Sales! February 5, 2019 Highlights Members of the Ottawa Real Estate Board sold 820 residential properties,  an increase of 15.8 % over January 2018. 611 in the residential property class, a rise of 14.2% over January 2018 209 in the condominium property class, an increase of 20.8% over January 2018 $432,829 was the average sale price of a residential-class property,  an increase of 1.5 percent over January 2018. The average sale price for a condominium-class property was $283,990, an increase of 7.7 percent over January 2018. Most active price point for residential-class sales was $300,000 to $449,999, accounting for
Read More

That’s a wrap: Ottawa Real Estate Market December 2018! As 2018 wrapped up, the inventory shortage has had a ripple effect; while residential sales were down slightly, it also fueled the condominium market. Overall, 2018 was another stellar year in Ottawa real estate!  If you’re thinking of making a move in 2019, we know real estate. We’d love to chat! Empty attachment or post type not equal ‘attachment’ Another Stellar Year for Ottawa’s Real Estate Market (excerpts below were taken from the Ottawa Real Estate Board’s news release January 4th) January 4, 2019 663 residential properties were sold by REALTORS®
Read More

The Latest Ottawa Real Estate Trends – November 2018 While most markets across Canada are cooling, Ottawa’s market performance is strong and steady as it has been for many years.  Ottawa’s housing affordability and high employment levels shelter us somewhat from the dramatic swings that can cause instability.  Sales were down 5.4% from November 2019, however experts say that wouldn’t have been the case if inventory was higher. Average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties or areas have increased or decreased in value. The calculation
Read More