Ottawa Real Estate Market Snapshot March 2024
The March 2024 Ottawa Real Estate Stats are out!Market Snapshot:
The Ottawa housing market has seen a positive start to the year, with an uptick in activity persisting as we enter the spring market. With an anticipated drop in interest rates expected this year, buyers and sellers are regaining confidence and are beginning to come off the sidelines as seen through the increase in sale prices and units sold in March compared to the same period last year.
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.
Highest number of active real estate listings in Ottawa last month in 5 Years
Sellers will need the help of professional Realtors more than ever. The Ottawa Real Estate Board says the October home sales numbers show a typical lull for this time of year, but active listings are at a five-year high. The latest figures from OREB show 816 homes and condominiums were sold in Ottawa in October, […]
Is your fireplace ready for winter?
On the coldest winter days, nothing beats getting cozy next to a warm, crackling fireplace. Like any major appliance in your home, a fireplace – whether gas or wood-burning – needs seasonal maintenance to prepare it for frequent usage when outside temperatures drop.
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.
What Will Your New Property Look Like? 10 Factors to Consider
If you are considering purchasing a property, it’s important to know what features are important to you. While some buyers may be downsizing, others are looking for more space to accommodate a growing family or changing needs. Whatever the story may be, determining your wants and needs, along with obtaining your pre-approval for financing are the first steps to take on this exciting journey into home ownership.