September 16, 2021
A graphical representation of the Ottawa real estate market: 2021 vs. 2020 vs 2019. Key Insights: New listings have reverted back to 2019 seasonal trends. Properties sold per week are also back to 2019 levels. Stress buying (and selling) seems to have ended. Average sale prices (for both condos and ...
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September 3, 2021
Market Summary: July and August were quieter as expected. Prices dipped a little as buyers were harder to find. However, there was a definite uptick in activity and prices in the last week of August. I expect September and October to be busy. Active listings have stopped increasing and have ...
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August 6, 2021
Market Summary: The Ottawa real estate market continues to moderate. Prices for detached homes, townhomes and condos all experienced a slight decline (2-5%) from a month ago. Days on market has increased from a month ago and the number of properties sold decreased from June 2021 levels. On a year ...
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July 6, 2021
Market Summary: The Ottawa real estate market has continued to balance out. Days on market and active listings continue to slowly go up while prices for homes, townhomes and condos have been flat over the past few months. Key Insights: This is a great time for buyers that have been ...
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June 4, 2021
Key Insights: Inventory of residential homes and condos continues to rise giving buyers more time and options. The top 40% of listings are still generating multiple offers and strong sold prices. Cancelled listings up – Homes are being put on the market for 2-4 weeks and if they do not ...
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May 28, 2021
In this post we will look at two charts. The first chart shows median residential sold prices and the second shows rent prices. As you can see from the chart below, median residential prices have approximately doubled in Ottawa since 2016. The chart below shows rent prices in Ottawa. ...
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May 7, 2021
The Ottawa real estate market is in the process of finding a more sustainable balance between buyers and sellers. Active listings continue to rise while buyer demand remains strong. Key Insights: Buyers are becoming more discerning as rising inventory finally gives them some breathing room. In demand properties are still ...
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May 4, 2021
In this post I will go over a few simple steps that will help you buy a property in a competitive sellers’ market. A sellers’ market is when there are relatively more buyers than sellers. This creates low inventory and competition for available properties. This type of market is usually ...
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