Ottawa Real Estate Market Update March 2024
The March 2024 Ottawa Real Estate stats are out!
Market Snapshot: The Ottawa housing market has seen a positive start to the year, with an uptick in activity persisting as we enter the spring market. With an anticipated drop in interest rates expected this year, buyers and sellers are regaining confidence and are beginning to come off the sidelines as seen through the increase in sale prices and units sold in March compared to the same period last year.
Ottawa Real Estate News April 2024
The April Newsletter is out! In this issue: Understanding Land Transfer Tax For Home Buyers and Recreational real estate market revival on the horizon: Royal LePage®
Buyers reboot purchase plans in Q1 to get ahead of rising home prices, anticipated interest rate cuts
According to the Royal LePage House Price Survey, the aggregate price of a home in Canada increased 4.3% year over year to $812,100 in the first quarter of 2024. On a quarter-over-quarter basis, the national aggregate home price increased 2.9%, an indication that sidelined buyers are rebooting their real estate purchase plans ahead of expected interest rate cuts, as predicted in January.
Ottawa Real Estate Market Update February 2024
The February 2024 Ottawa Real Estate Stats are out!
Market Snapshot: Buyers and sellers alike were making moves in February as the number of properties sold in Ottawa increased 15% over the same month last year. Early spring weather has increased activity even while many remain on the sidelines awaiting interest rates to drop.
Ottawa Real Estate Market Update January 2024
The January 2024 Ottawa Real Estate Stats are out!
Market Snapshot: Warm temperatures have boosted buyer interest in the Ottawa resale market. There was a 16.5% increase in properties sold in January 2024 over January of 2023. Keep an eye on market trends as the weather continues to influence conditions.
Ottawa Real Estate News February 2024
The February Newsletter is out! In this issue: Which Mortgage Is Right For You? and Is damage caused by my dog covered by my home insurance?
A resurgence of activity in Canada’s housing market is expected this spring, with sidelined buyers banking on a drop in interest rates
According to the Royal LePage House Price Survey released today, the aggregate1 price of a home in Canada increased 4.3% year over year to $789,500 in the fourth quarter of 2023.
Maximize storage space in your condo
Condo living can have its perks – there are often on-site amenities to enjoy, building maintenance is taken care of, and you can experience the full benefits of a bustling urban lifestyle. Condo living has limited storage options, here are some suggestions to make the most out of the space in your condo suite.
Ottawa Real Estate News January 2024
The January Newsletter is out! In this issue: Ottawa MLS® December Home Sales Close Out Year in Steady State and Ottawa Residential Average Sales Chart from 1956 to 2023.
Ottawa Real Estate Market Update December 2023
The December 2023 Ottawa Real Estate Stats are out! Market Snapshot: The resale market had a steady close in Ottawa as we saw the number of properties sold decline. This is a typical close for December. As we see consumer confidence return we are looking for a strong year ahead.