Members of the Ottawa Real Estate Board sold 1,166 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,200 in March 2015, a decrease of 2.8%. The five-year average for March sales is 1,220. It is, though, a definite increase from the previous month sales – 256 more properties. Properties are […]
Leap Year Phenomenon or Early Spring Market? Members of the Ottawa Real Estate Board sold 911 through MLS. The five-year average for February sales is 908. There were 46 sales on that extra day in February this year which may account for some of the increase! Listings were also up, with 2,312 homes listed in […]
Posting messages are coming in a bit earlier this year in Ottawa. If you have been transferred to Ottawa and are booking a house hunting trip there are a few important things to consider. Here are my top 3 tips: 1) Resale: Find a house that does not have any major strikes against it. This […]
Members of the Ottawa Real Estate Board sold 601 residential properties in January through the Board’s Multiple Listing Service® system, compared with 626 in January 2015, a decrease of four per cent. The five-year average for January sales is 618. It isn’t unusual to have a slow-down once winter hits. Listings continue to be very […]
Ottawa’s real estate market was very steady in 2015. After the dust settled the total number of residential and condo units sold through the MLS® System for all of 2015 was 14,658, vs 13,919 in 2014, an increase of 5.3%. Residential and condo unit sales each outperformed the 2014 numbers. The year-to-date numbers for the average residential […]
Members of the Ottawa Real Estate Board sold 990 residential properties in November through the Board’s Multiple Listing Service® System, compared with 891 in November of 2014, an increase of 11.1 per cent. The five-year average for November sales is 944. It could be the mild weather – or maybe the aftermath of the federal […]
October was another strong month for the resale market The national election could not slow down our October housing market here in Ottawa. Some impressive numbers were just released by the board. The numbers show that October 2015 outpaced last year as well as the five-year average. Members of the Ottawa Real Estate Board sold […]
It has been one of the more interesting Ottawa real estate markets to observe over the course of 2015. Every month has left different clues on what the future will hold. The good news is that September is leaving more room for optimism then some of the previous months. There were 1,244 residential properties in […]
This is an interesting development that may affect military postings into and out of Ottawa. With the move to the new DND headquarters the military is making an effort to get leaner. Part of the Defence Renewal Program launched in 2013, the initiative to reduce the number of staff at Ottawa’s NDHQ by between […]
It has been a good summer for Ottawa real estate, though prices are still fairly flat and there are some listing inventory concerns. August was a good month with unit sales increases for both residential properties and condos. Residential unit sales are up 5.3% YTD and the average selling price is up 1.9% to $395,437. […]
