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News Release July 5, 2018 The Ottawa Real Estate Board Members of the Ottawa Real Estate Board sold 2,070 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,163 in June 2017, a decrease of 4.3 per cent. The five-year average for June sales is 1,914. June’s sales included 455 in the condominium property class, an increase of 11.5 per cent from June 2017 and 1,615 in the residential property class, a decrease of 8 per cent from a year ago. “The first half of 2018 has performed very well with the number of year to
Continued demand and shortage of listings intensifies pressure on Ottawa home prices. The aggregate price of a home in Ottawa saw a healthy increase in the first quarter of 2018, rising 4.7 per cent year-over-year to $437,243, according to the Royal LePage House Price Survey released April 13th. Click here for more information on the Ottawa Real Estate Market.
Ottawa Business Journal Online, April 5th 2018 Ottawa’s residential real estate roared back to life in March with a double-digit increase in sales and an eight-per-cent increase in average house prices, according to the Ottawa Real Estate Board. “Properties that are priced well are selling quickly,” said OREB president Ralph Shaw in a statement, adding that homes are spending an average of 43 days on the market, down from 54 days in March 2017. Ottawa realtors sold 1,660 residential properties last month, up 12.3 per cent from the 1,478 sold during the same period a year earlier, according to OREB