Ottawa Market Update: A refresh on how it works

Feature Image: Ottawa market refresh, Shaunna McIntosh Ottawa Real Estate Broker / REALTOR®

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

January 2024 Ottawa Real Estate Market Update

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 

Feature Image: Ottawa Market Update, 2023 in review, Shaunna McIntosh Ottawa Real Estate Broker / REALTOR®

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 […]

Ottawa Market Update, December 2023

Feature Image: Ottawa Market Update, December 2023 Shaunna McIntosh Ottawa Real Estate Broker / REALTOR®

Source: OREB What happened in the Ottawa market in December 2023? In December 2023, the Ottawa market, as reported by the Ottawa Real Estate Board (OREB), saw a boost with the sale of 565 homes through the real estate system, marking a 7.6% increase from the same month in 2022. Despite this growth, home sales lagged behind the average for […]

Ottawa Market Update May 2022

Ottawa market update | May 2022. In Ottawa in the month of May the average sales price for a condominium property was $472,920.00. This was an increase of 11% from the average sales price of a condominium in 2021. The average sale price for a residential property was $802,393.00 which as a result is an […]