Ottawa Market Update, August 2024
Source: OREB What happened in the Ottawa market this July? As summer comes to a close, Ottawa’s real estate market saw some noteworthy shifts in August 2024. Let’s dive into the numbers and trends shaping the market, and what it means for buyers, sellers, and investors. This past August, 1,100 homes were sold through the […]
Ottawa Market Update, July 2024
Source: OREB What happened in the Ottawa market this July? This past July, the Ottawa Real Estate Board (OREB) saw an increase in home sales, with 1,241 units sold—13.6% up compared to July 2023. New residential listings surged by 17.1% from July 2023, totalling 2,231, although they remained below the five- and ten-year averages. Active […]
Ottawa Market Update, June 2024
Source: OREB What happened in the Ottawa market this June? In June, the days got longer and the list of available homes in Ottawa grew even more! This past month the Ottawa Real Estate Board (OREB) MLS® System saw continued growth in inventory. We saw a total of 1,439 homes were sold (a 0.1% increase). This stability […]
Ottawa Market Update, May 2024
Source: OREB What happened in the Ottawa market in May 2024? April showers bring May flowers, they say? This May, it certainly brought a bouquet of homes to the Ottawa market! Despite a slight dip in the number of homes sold in May 2024, we witnessed a surge in new and active listings on the […]
Ottawa Market Update, April 2024
Source: OREB What happened in the Ottawa market in April 2024? With our weather heating up, so is the Ottawa market. This past April we saw prices continuing the upward trend we’ve seen over the past four months. The average price of homes sold has continued to increase by 1.2% as compared to April 2023 […]
Ottawa Market Update, March 2024
What happened in the Ottawa market in March 2024? As we dive into spring, take a look at the Ottawa market trends of March 2024 as gathered by the Ottawa Real Estate Board (OREB). This past March, the market continued its upward trajectory, with the number of homes sold via the MLS® System. And looking […]
Ottawa Market Update, February 2024
What happened in the Ottawa market in February 2024? Explore the latest trends in Ottawa’s real estate market, as reported by the Ottawa Real Estate Board (OREB). February saw a notable increase in both home sales and listing activity compared to the same period last year, demonstrating promising growth. We saw a steady appreciation in […]
Ottawa Market Update: A refresh on how it works
Let’s refresh on the numbers for our Ottawa market updates Navigating Ottawa’s real estate market demands a clear grasp of property valuation methods. If you’re following us on social media, you may have noticed our Ottawa market updates adopting a fresh look. This shift reflects the Ottawa Real Estate Board’s (OREB) adoption of the Canadian Real […]
Ottawa Market Update, January 2024
Source: OREB What happened in the Ottawa market in January 2024? In January 2024, the Ottawa Real Estate Board (OREB) saw home sales increase by 16.5% compared to January 2023, totalling 629 units. The MLS® Home Price Index (HPI), which offers a more accurate portrayal of price trends, showed a 3.2% gain in the overall composite […]
Ottawa Market Update, 2023 in Review
Wondering what happened in the Ottawa market in 2023? Source: Royal LePage Team Realty What do these numbers mean for you? Let’s review the numbers for the Ottawa market for the past 12 months. Going into 2023, housing prices saw a slight decrease compared to the previous year. However, prices steadily increased month-to-month and by […]
