Archives for ottawa real estate market

Condo sales drive the Ottawa resale market in July

Members of the Ottawa Real Estate Board sold 1,530 residential properties in July through the Board’s Multiple Listing Service® System, compared with 1,490 in July 2016, an increase of 2.7 per cent. The five-year average for July sales is 1,446. “The Ottawa resale market continued its steady pace into mid-summer, with condo sales really bolstering the market this past month,” says Rick Eisert, President of the Ottawa Real Estate Board. “We’ve actually been seeing this positive trend since February. The condo market had been in a slump for the past few years because it was overbuilt. Some owners who had
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Why Ottawa’s housing market steers a steady course

“People continue to buy and build homes in Ottawa, with more focus on the higher end of the market. We might not see the storm surges in pricing that Toronto does, but the market remains healthy and robust.”   Click here to read the full article (John Clark, published online at renx.ca 2017-07-27)
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Ottawa real estate market heats up as Toronto cools down

  CBC News Posted: Jul 06, 2017 4:09 PM ET Last Updated: Jul 07, 2017 11:13 AM ET   While sales plummeted last month in Toronto, Ottawa’s homes sales — and prices — jumped in June, according to figures released Thursday by the Ottawa Real Estate Board.   The number of homes resold increased by 10 per cent, to 2,162  in June 2017 compared to 1,985 properties for the same month the previous year.   “Since the announcement in April by the Ontario Liberal government of cooling measures in Toronto, it’s no surprise that the Ottawa market has been thriving,” said Ralph Shaw, president-elect
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