Eric’s Ottawa Real Estate Blog

 


Ottawa Resale Market For Homes Appears To Be Normalizing

A Normal September Resale Market   OTTAWA, October 5, 2021 – Members of the Ottawa Real Estate Board sold 1,607 residential properties in September through the Board’s Multiple Listing Service® System, compared with 2,314 in September 2020, a decr …

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The Ottawa Resale Market Settles Back to a Typical August

OTTAWA, September 3, 2021 – Members of the Ottawa Real Estate Board sold 1,572 residential properties in August through the Board’s Multiple Listing Service® System, compared with 2,006 in August 2020, a decrease of 22%. August’s sales included 1,175 f …

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July Resale Market of Ottawa Homes Stabilizes

OTTAWA, August 5, 2021 – Members of the Ottawa Real Estate Board sold 1,724 residential properties in July through the Board’s Multiple Listing Service® System, compared with 2,183 in July 2020, a decrease of 21%. July’s sales included 1,312 in the res …

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3.2 million boomers in Canada considering buying a home within the next five years

Survey Highlights: 40% of boomer homeowners have at least half of their net wealth in real estate 52% of boomer homeowners would prefer to renovate their current property over moving 17% of boomer homeowners currently own more than one property 64% of …

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Residential Resale Market: A Tale of Two May Lockdowns

    Residential Resale Market: A Tale of Two May Lockdowns   OTTAWA, June 3, 2021 (by The Ottawa Real Estate Board) – Members of the Ottawa Real Estate Board sold 2,296 residential properties in May through the Board’s Multiple Listing S …

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The Shift In Selling Price Ranges In Ottawa

# of Sales by Price Range in Ottawa

Note: the chart above compares sales for January through May for each year, not the entire year. Busy, busy, busy: the Ottawa real estate market has been busy this year. Of course, it started getting very busy a couple of years ago. Then it slowed righ …

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How Much More Will You Have To Offer To Buy That House in Ottawa?

Chart of Sale Price Above or Below Asking

(posted 2021 May 1 by Steve) The question How much are people paying above (or below) the list (asking) price in Ottawa? The quick answer Overall, most properties in Ottawa sold at, or more than, the list price.  No surprise, right?  But there were exc …

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So many buyers; so few homes for sale!

Less Than 1 Month of Inventory!

Less Than 1 Month of Inventory in Ottawa! Months of Inventory is a measure of how fast all the existing homes on the market would last assuming a) no more listings are added, and b) the rate at which homes sell is a constant figure based on the average …

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