Archives for Real Estate Statistics

As Markets Across Canada are cooling, the Ottawa Real Estate Market Remains Strong & Steady

December 10, 2018 | Comments Off

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
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Ottawa Real Estate Market Snapshot October 2018

November 6, 2018 | Comments Off

Empty attachment or post type not equal ‘attachment’ Highlights from the Ottawa Real Estate Board’s Latest News Release read full story Halloween has not Scared Away Home Buyers “October’s sales are truly indicative of the fast-paced market we have experienced for much of 2018,” points out Ottawa Real Estate Board President, Ralph Shaw. “In some pockets of the city, listings are not lingering on the market. Year-to-date average Days on Market (DOMs) are down 14% from 45 to 39 days for residential homes and 24% from 68 to 51 days for condominiums.” “However, lack of supply continues to be a
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"Autumn Leaves are Falling; Home Prices are Not" | Ottawa Real Estate: Market Snapshot September 2018

October 4, 2018 | Comments Off

Notable numbers in Ottawa: Market Snapshot September 2018 Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help! Info@teamrealty.ca October 3, 2018 via the Ottawa Real Estate Board “We continue to experience supply-side issues going into our fall market. The fact is, the number of residential sales would be much higher had we more robust inventory to draw from,” states Ottawa Real Estate Board President Ralph Shaw. “Condos continue to represent a greater proportion of year-to-date unit sales with a 15 per cent increase from this time in 2017.” September 2018 Notable Numbers in Ottawa Real Estate The
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August 2018 Notable Numbers in Ottawa Real Estate

September 7, 2018 | Comments Off

Ottawa Real Estate: Market Snapshot August 2018 We continue to see a healthy real estate market in Ottawa, with inventory levels are improving but still lower than we’ve seen in previous years. Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help! Info@teamrealty.ca Empty attachment or post type not equal ‘attachment’ Summer Ends, Active Real Estate Market Continues… September 6, 2018 Ottawa Real Estate Board member sold 1,586 residential properties in August 2018, compared with 1,535 in August 2017, an increase of 3.3 per cent. The five-year average for August sales is 1,417. August’s sales included 1,188 in
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Ottawa Real Estate Market Snapshot: June 2018

July 9, 2018 | Comments Off

June 2018 in Ottawa Real Estate: Market Snapshot Ottawa Real Estate Market Snapshot: June 2018: The Ottawa Condo market is leading the way in units sold, up over 16% in the first half of 2018 compared to the same time period last year, experts say Buyers looking for affordable homes may be turning to the Condo market, due to the increase in price in single family homes. Compared with 2017 Ottawa home sales in the $250-275K price point have decreased by 37%, and we’ve seen a 41% decrease in the $275-300K price range. Have questions? Looking for specific neighbourhood stats? Message
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Hot Real Estate Market in an Icy April

May 4, 2018 | Comments Off

Empty attachment or post type not equal ‘attachment’ The Spring market continues to buzz in Ottawa real estate, with the number of sales up over 13% in April in spite of inventory levels being down 23% over this time last year. Home buyers are seeing more competition, which is good news for sellers. Certainly we are seeing more multiple offers and higher sale prices, however, with prices still reasonable compared to income in Ottawa real estate these factors aren’t stopping buyers. Hot Real Estate Market in an Icy April May 3, 2018 Highlights from the Ottawa Real Estate Board
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March Market Snapshot

April 5, 2018 | Comments Off

Empty attachment or post type not equal ‘attachment’ Buyers Get a Jump on the Spring Market taken from the Ottawa Real Estate Board April 5, 2018 Members of the Ottawa Real Estate Board sold 1,660 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,478 in March 2017, an increase of 12.3 per cent. The five-year average for March sales is 1,339. March’s sales included 358 in the condominium property class and 1,302 in the residential property class. “Inventory continues to fall below normal average, but we are still seeing more sales than last year because
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Wanted: Ottawa Homes for Sale

March 5, 2018 | Comments Off

Wanted: Ottawa Homes For Sale When the calendar rolled over into 2018 many real estate experts across Canada were speculating the housing market to “cool off” with tighter mortgage rules and higher interest rates impacting home buyers. While that may be the case in other real estate markets, in the Ottawa Real Estate market the biggest factor in February’s 2.8% drop in the number of sales (year over year), is that listing inventory is scarce. “There is no doubt our sales number would have been much higher if we had more properties available for sale. Buyer demand is there, but our
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Ottawa Real Estate Update: October Market Snapshot

November 3, 2017 | Comments Off

posted November 2nd, 2017 by the Ottawa Real Estate Board “Leaves may be falling, but the real estate market is not” OTTAWA, Nov. 2, 2017 – Members of the Ottawa Real Estate Board sold 1,243 residential properties in October through the Board’s Multiple Listing Service® System,compared with 1,214 in October 2016, an increase of 2.3 per cent. The five-year average for October sales is 1,165. “As we enter the 3rd quarter of the year, we continue to see the resale market outpace last year’s performance, which was also a stellar year,” says Rick Eisert, President of the Ottawa Real Estate
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Ottawa Real Estate Highlights September 2017

October 4, 2017 | Comments Off

“Steady September contributes to strong third quarter for 2017” It’s hard to believe that the fall real estate market has arrived, but here we are in October! If you’ve been following Ottawa real estate this year you’ll know that it’s been a record breaker, particularly with the number of sales year over year. According to the Ottawa Real Estate Board statistics; in 2017 the listing inventory has been lower, average sale prices are steadily increasing, properties are selling faster and there have been more multiple offer situations. While we may be trending towards a “Seller’s Market”, unlike Toronto and Vancouver,
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