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 […]
Ottawa Market Update, December 2023
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 […]
