August 7, 2022
Market Summary: The Ottawa real estate market continued it’s downward trend in July. With higher mortgage rates, more inventory and higher cost of ownership, prices gave up significant territory on a month-to-month basis. Prices are down about 15-20% from the February/March 2022 peak. Detached homes gained 4.8% from a year ...
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Market Summary: With mortgage rates on the rise the Ottawa real estate market continued to slow in June of 2022 Detached homes gained 6.1% from a year ago. They were down about $30,000 on a month to month basis. Townhomes were up 6.8% compared to a year ago and lost ...
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June 8, 2022
Market Summary: The Ottawa real estate market continued to slow in May 2022. Homes sold decreased by about 20% from a year ago and active listings were up about 18% from a year ago. Detached homes gained 6.7% from a year ago. They were down about $10,000 on a month ...
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May 7, 2022
Market Summary: The Ottawa real estate market experienced a noticeable slowdown in April 2022. While still a sellers’ market, prices have given back 2-3% from the March 2022 record highs. Detached homes gained 11.7% from a year ago. They were down about $30,000 on a month to month basis. Townhomes ...
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April 8, 2022
A look at the 2022 Federal budget and it’s impact on Ottawa real estate. Building About $6.5 billion in money allocated to increasing supply long term. Multi-generational renovation tax credit for a secondary unit. Long term these initiative should help increase supply. Tax-Free First Home Savings Account Allows first ...
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April 6, 2022
Market Summary: March 2022 was another record month for real estate prices in Ottawa. Detached homes gained 11.9% from a year ago. They were up about $10,000 on a month to month basis. Townhomes were up 16.2% compared to a year ago and gained about $23,000 on a month to ...
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March 5, 2022
Market Summary: The Ottawa Real Estate market continues it’s upward trajectory uninterrupted. Active listings remain well below 1000 and buyer demand is as strong if not stronger than this time last year. I am expecting a strong spring market as there are multiple buyers for every home available for sale. ...
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December 13, 2021
I am happy to announce that my new website www.kpre.ca now offers sold price data for Ottawa and the surrounding areas. Sold prices can be viewed from the comfort of your home. The data is available for properties that have sold in the last 2 years. Please note registration is required ...
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