Ottawa Real Estate Market Snapshot January 2023
The January 2023 Ottawa Real Estate Stats are out! Market Snapshot: New year, new market as we see a slowdown in the number of sales for January and a decrease in the average sale price over January of 2022. We did however see an increase of 3% in the average sale price of a residential home from January over December.
Ottawa Real Estate Market Snapshot December 2022
The December 2022 Ottawa Real Estate Stats are out! Market Snapshot: As interest rates and inflation increase, buyers are retreating to the sidelines, taking a wait, and see approach. The seasonal slowdown for December’s resale market is in stark contrast to the active resale market that started the year off which has officially balanced the market.
Ottawa Real Estate Market Snapshot November 2022
The November 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: Ottawa sales continued to slow in November, a reflection of what’s happening across the country. The post-pandemic economy as well as a natural cooling for the time of year have officially balanced the market.
Ottawa Real Estate Market Snapshot October 2022
The October 2022 Ottawa Real Estate Board stats are out! “After the volatility of the past two pandemic years, which was unsustainable, the market is correcting and adjusting. Demand is still high, and with increasing inventory available, Buyers have more choices and time to shop for their new home.” – Ottawa Real Estate Board President
70 Creative, No-Carve Pumpkin Decorating Ideas for Kids
If you want decorative pumpkins without having to pull out the knife (or deal with the slimy stuff!), then we have some fun, no-carve pumpkin decorating ideas that you can do with kids of all ages.
Royal LePage’s Q3 2022 Home Price Update and Market Forecast
“Despite softening home prices over the summer, Ottawa’s fall real estate market is trending towards more stable conditions as new inventory becomes available. We continue to see strong buyer demand in the region – even if lower than last year’s historical highs – and not enough supply to fully shift to a balanced market,” said Jason Ralph, broker of record, Royal LePage Team Realty. “Despite rising interest rates, many buyers are still keen to make a purchase this year. And, without a significant boost in inventory, it is unlikely we will see a full return to a balanced market.”
Ottawa Real Estate Market Snapshot September 2022
The September 2022 Ottawa Real Estate Board stats are out! “We have seen an uptick in the number of new listings entering the market, which were not only higher than last month but also last year, and the five-year average. This trend continues to bring the resale market into more balance, which generally means more time for Buyers and Sellers to weigh their options and to adjust according to their needs,” – Ottawa Real Estate Board President
Fall Maintenance
Now that September is here, it is time to start thinking about fall maintenance. Here are a few tips on where to begin and what to include in your home maintenance checklist for the fall
Ottawa Real Estate Market Snapshot August 2022
The August 2022 Ottawa Real Estate Board stats are out! “Prices are still rising slightly in some areas, albeit lower single-digit percentage increases, bringing back the moderate price-growth stability that is characteristic of the Ottawa resale market. We are moving towards a balanced market state, where Buyers have choices and Sellers need to ensure they are pricing their properties accurately,” – Ottawa Real Estate Board President.
Ottawa Real Estate Market Snapshot July 2022
The July 2022 Ottawa Real Estate Board stats are out! “..with more properties continually being added to inventory, we are on the cusp of returning to a balanced market, and that is good news.” – Ottawa Real Estate Board President