Ottawa~“Strong Seller’s Market” in May
June 6, 2023Ottawa’s resale housing market continued to favour sellers in May, with declining inventory leading to faster sales and multiple offers for properties in the most popular neighbourhoods, the Ottawa Real Estate Board reports. In May, condo units in Ottawa sold in an average of 26 days, down from 33 in April....
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MONTHS OF INVENTORY
May 29, 2023What does “months of inventory” mean for buyers and sellers? If you are planning to buy or sell a house or condo in Ottawa, there’s a key number worth noting, because it has a big impact on your experience. When the Ottawa Real Estate Board releases sales results and average prices each...
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APRIL MARKET REPORT
May 5, 2023Ottawa Resale Market Favoring Sellers Again After a few months of balanced conditions, Ottawa’s resale real estate market is favoring sellers again because of lower than usual inventory on the market. There is other good news for sellers in the Ottawa Real Estate Board’s report on sales in Ottawa for April. Multiple-offer situations...
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Buying? Selling? Prep Tips for Spring-Summer Market
April 14, 2022Spring has arrived, and as temperatures rise and the flowers bloom, we also start one of the busiest periods of the year for the resale real estate market in Ottawa. If you’re thinking of buying or selling, it’s important to get in touch with me early so we can develop a...
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Setting an Asking Price in Ottawa’s Hot Market
March 12, 2022If you’ve been considering selling your home or condominium, the good news is that Ottawa’s resale market is in your favour. Though we can expect a surge in listings as the popular spring season approaches, our city continues to be a “Sellers’ Market”, with a shortage of available properties and a...
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Ottawa House Prices up 17% in February
March 7, 2022The average sale price for a residential property in Ottawa in February was $837,517. up 17% over the same month in 2021, the Ottawa Real Estate Board has announced. The average sale price for a condominium-class property, meanwhile, was $466,682. That’s a 15% increase over the average in February of 2021. In...
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Strong Ottawa Real Estate Market in 2021
January 7, 2022In a record-breaking year, the Ottawa resale housing market, saw an average sale price for mid range housing increase by 24% in 2021. While the average sale price of a condo units was up 16% year over year average from 2020 as reported by, the Ottawa Real Estate Board. The average...
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Ottawa resale house prices rise 35% in March
April 8, 2021Unusually warm temperatures, a surge in new listings and pent-up buyer demand helped make March of 2021 a hot month for Ottawa’s resale real estate market. The number of transactions was well above the five-year average for the month, multiple offers were common, and almost 80% of properties sold for more...
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Hiring a Realtor vs. Selling on Your Own?
March 11, 2021Considering selling on your own? Here are some facts regarding hiring a Realtor (professional negotiator) in a fast-moving market: If you are considering selling a property in Ottawa, the news regarding the resale market is certainly exciting. Ottawa has not seen price increases like this for years! Properties are selling faster...
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Ottawa Resale Home Prices up 15 % in June-Market rebounds
July 6, 2020Ottawa’s resale real estate market rebounded impressively in June, with average sale prices up 15 % for residential properties and 17 % for condominium units over June of last year, the Ottawa Real Estate Board has reported. With the number of properties for sale continuing to be lower than usual, we...
