The October 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: With a big decrease in the number of units sold for October buyers now have more selection and time to shop. However, the interest rate increases may have affected some purchasing power. Whether you’re buying or selling keeping a long-term perspective is important. […]
The September 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: As interest rates climb buyers in Ottawa are taking a step back while keeping a close watch on price trends. An increase in listings compared to last month and this time last year means more options for those who continue their hunt for […]
The August 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: Sales slowed down in August which is traditional for the month as most are enjoying summer vacations. Days on market increased as did prices (in comparison to August 2021) but at a more moderate rate than earlier in the year. If you’re considering […]
The July 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: The number of sales dropped in July and momentum continues for new listing inventory showing signs that a balanced market could be coming. The average sale price continues to climb however at a much lower, single-digit rate. If you’re considering a move we’re […]
The June 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: With more modest price increases in the resale market we saw a more traditional seasonal cycle for June. An increase of inventory allowed for more selection and less pressure on buyers. If you’re considering a move we’re here to help answer any questions […]
The May 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: Traditionally a high performing month, May’s resale market has shifted its pace in comparison to 2021. The aftermath of the recent derecho storm stirred up both Ottawa’s landscape and listing inventory. If you’re considering a move we’re here to help answer any […]
After an intense few years, the local real estate market is showing a very slight shift towards calmer waters. Jason Ralph, Broker of Record and President of Royal LePage Team Realty, explains, “The market was so overheated that even a small shift seems drastic, even though it isn’t going back to pre-2020 levels. We are starting […]
The April 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: With supply remaining under one month we continue to be in a seller’s market. Prices are continuing to climb but at a slower, more moderate pace than what we saw earlier in the pandemic. If you’re considering a move […]
The March 2022 Ottawa Real Estate Board Stats are out! Ottawa Real Estate Market Snapshot March 2022: March made for a busy month in comparison to February, however the number of sales were down from March of 2021. No more restrictions may have pushed attention elsewhere but as the weather continues to […]
The February 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: It looks like Spring may come early in Ottawa with an increase of 52% more transactions in February than in January. The rise in activity could be due to the announcement of upcoming interest rate increases pushing buyers to get into the […]