Ottawa Real Estate Market Snapshot February 2024

The February 2024 Ottawa Real Estate Stats are out! Market Snapshot:
Buyers and sellers alike were making moves in February as the number of properties sold in Ottawa increased 15% over the same month last year. Early spring weather has increased activity even while many remain on the sidelines awaiting interest rates to drop.

Ottawa Real Estate Market Snapshot January 2024

The January 2024 Ottawa Real Estate Stats are out! Market Snapshot: Warm temperatures have boosted buyer interest in the Ottawa resale market. There was a 16.5% increase in properties sold in January 2024 over January of 2023. Keep an eye on market trends as the weather continues to influence conditions.

Ottawa Real Estate Market Snapshot December 2023

The December 2023 Ottawa Real Estate Stats are out! Market Snapshot: The resale market had a steady close in Ottawa as we saw the number of properties sold decline. This is a typical close for December. As we see consumer confidence return we are looking for a strong year ahead.

Ottawa Real Estate Market Snapshot November 2023

The November 2023 Ottawa Real Estate Stats are out! Market Snapshot: We’re starting to see an increase in inventory, bringing more choice back to the market. While inventory increases, the cold weather that has blown in has slowed the pace of sales which is expected for this time of year.

Ottawa Real Estate Market Snapshot October 2023

The October 2023 Ottawa Real Estate Stats are out! Market Snapshot: Sales and prices on resale properties in Ottawa may have slowed down however, this is a typical trend for October. “While Ottawa’s inventory is slowly building, chronic supply issues mean there’s always an undercurrent of demand. Don’t let the lull fool you: now is a prime time for buyers to be looking for opportunities before the current carries us from a balanced market into seller’s territory.” – Ken Dekker, OREB President.

Ottawa Real Estate Market Snapshot September 2023

The September 2023 Ottawa Real Estate Stats are out! Market Snapshot: The Ottawa real estate market has now reached a balance, meaning buyer demand is equal to the supply from sellers. It has been some time since Ottawa last saw a balanced market, making it even more crucial for buyers and sellers alike to consult with an experienced professional.