Here are the April 2022 numbers: “With the number of transactions just slightly over the 5-year average, this was one of the weakest performing Aprils we have seen in a while,” states Ottawa Real Estate Board’s President Penny Torontow. “Considering that the number of new listings increased last month, it is a bit of a […]
Here are the March 2022 numbers: “Although the number of sales in March decreased from last year at this time, it was still a robust and busy start to the spring season. Transactions increased 42% over February (590 units) and were 12% higher than the 5-year average. Last March was unseasonably warm in comparison, and […]
Looks like the spring market may be starting a little earlier than expected. Take a look at February’s Ottawa real estate stats and what this means for the rest of the year. Here are the February 2022 numbers: “Although February’s resales were only 3% higher than last year at this time, we saw a 52% […]
Here are the January 2022 numbers: “January’s sales, almost identical to 2021’s, were very strong for a traditionally slower month, especially given the frigid temperatures and increased government Covid-19 restrictions we experienced,” states Ottawa Real Estate Board President Penny Toronto. “This increased activity compared to previous years is not solely a pandemic phenomenon. Yes, the […]
As 2021 comes to an end, we reflect on how December was as well as all of 2021 in Ottawa real estate. Did December conclude as expected and how did the 2021 real estate market compare to 2020? Here are the December 2021 numbers: “December’s resale market performed as it typically does with a marked […]
As the holiday season approaches, people seem to be less interested in real estate and more interested in setting up lights and Black Friday deals. Still, we did see an increase in sales compared to 2019 as 2020 was quite an anomaly. Let’s see what the numbers have to tell us. Here are the November […]
Here are the October 2021 numbers: “October’s resale market was active, busy, and stable – and followed the typical (pre-pandemic) ebb and flow that we commonly see as we enter the fall season,” states Ottawa Real Estate Board President Debra Wright. “The number of transactions increased slightly over September (1,607) as well as the 5-year […]
Here are the September 2021 numbers: “As per usual, the resale market in the early part of the month moved slowly due to the Labour Day holiday weekend and parents settling their children back into their school routines. Activity began to accelerate towards the end of the month, which is behaviour typical of the market […]
Here are the August 2021 numbers: “August’s unit sales followed a trajectory typical of the resale market’s summer months with a considerable decline in transactions compared to the spring and 9% fewer sales than in July (1,724). The number of properties changing hands was on par with August 2017 and 2018 figures. The reason we […]
As things are beginning to open up again, people don’t want to think about buying or selling their home. We’re seeing people going on vacation and enjoying their summer. Does this mean we’re heading towards a more balanced market or are is this just a calm before the storm? Here are the July 2021 numbers: […]