Blog

The Liberal Housing Plan – Implications for Home Prices

September 22, 2021

A look at the Liberal Party’s housing plan and the implications on housing demand, supply and prices. The Liberal Housing Plan is available here for your reference.   Key Insights: Policies and initiatives that increase supply will help balance this market and lead to lower prices (all else being equal). ...

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Ottawa Real Estate Listings by Week

Ottawa Real Estate – 2021 vs 2020 vs 2019

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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Ottawa Real Estate Market Update August 2021

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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Ottawa Real Estate Market Update for July 2021

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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Ottawa Real Estate Market Update for June 2021

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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Ottawa Real Estate – Market Update May 2021

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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Ottawa Real Estate – Prices Double while Rents Stay Flat

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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Ottawa Real Estate – Market Update April 2021

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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