Members of the Ottawa Real Estate Board sold 1,436 residential properties in July through the Board’s Multiple Listing Service® system, compared with 1,440 in July 2014, a decrease of 0.3 per cent. The five-year average for July sales is 1,380. The average cumulative days on market increased slightly to 78 days, compared to 74 last […]
Year to date sales for the first half of 2015 are up 4.9% over the same period in 2014. This is very positive news for the Ottawa real estate market. Low interest rates and a good local economy have helped sustain these levels. There is more inventory this year than in years past so Buyers […]
The Ottawa resale market remains steady and strong! This has been the most active May since 2009. Despite all the doom and gloom you hear on the news, the Ottawa real estate market remains very stable. The inventory levels are high which means lots of selection for buyers. By most accounts it would be considered […]
According to CMHC, MLS® sales are expected to remain flat between now and the end of 2016 and in spite of flat sales and rising listings, balanced market conditions will prevail in 2015. Listings will edge higher in 2016 and, as a result, the average price of a resale home will show a small increase. […]
The real estate market is in full swing at the moment. We had a really busy April. I was involved with 5 separate multiple bid situations in April. This is the surest sign that buyers are out of hibernation and eager to find something. This past month there were over 1570 residential properties sold. This […]
The Spring Market in Ottawa Real Estate is alive and well! Members of the Ottawa Real Estate Board sold 1,208 residential properties in March through the Board’s Multiple Listing Service® system, compared with 1,184 in March 2014, an increase of two per cent. The five-year average for March sales is 1,236. March’s sales, which numbered […]
DND employees were supposed to start moving in to buildings at 3500 Carling Avenue site by the end of this year but that will be delayed for at least nine months as the federal government spends $30 million to fix the structural problems. Existing leases for DND offices around the Ottawa area will have to […]
If you have been posted to Ottawa this year and are relocating to the city I have a few tips for you. As you may know, DND headquarters is moving from its current building in downtown Ottawa to Nepean (Ottawa west) to take over the Nortel campus. This is a major project and will be […]
Buyers are just starting to come out of hibernation. It was a harsh winter and this extra cold weather did have an effect on resale numbers in Ottawa. Ottawa Realtors sold 868 properties residential properties in Ottawa for February. Our 5 year average is 914. Condo sales were down 10% from the same period last […]
The Ottawa housing market in January was reasonably brisk compared with sales numbers from one year ago. Realtors in Ottawa sold 627 residential properties in January through the Multiple Listing Service® system, compared with 587 in January, 2014 – an increase of 6.8%. The 5-year average for January sales is 633. Essentially we are right […]
