Ottawa Real Estate Market Update January 2023

The January 2023 Ottawa Real Estate Stats are out! Market Snapshot: New year, new market as we see a slowdown in the number of sales for January and a decrease in the average sale price over January of 2022. We did however see an increase of 3% in the average sale price of a residential home from January over December.

Ottawa Real Estate Market Update December 2022

The December 2022 Ottawa Real Estate Stats are out! Market Snapshot: As interest rates and inflation increase, buyers are retreating to the sidelines, taking a wait and see approach. The seasonal slowdown for December’s resale market is in stark contrast to the active resale market that started the year off which has officially balanced the market.

Ottawa Real Estate Market Update November 2022

The November 2022 Ottawa Real Estate Board Stats are out! Market Snapshot: Ottawa sales continued to slow in November, a reflection of what’s happening across the country. The post-pandemic economy as well as a natural cooling for the time of year have officially balanced the market.

Royal LePage 2022 Winter Recreational Property Report

The Royal LePage 2022 Winter Recreational Property Report is out. The cost of buying a winter recreational property in Canada’s popular ski regions is projected to decrease slightly over the next 12 months. Read on for national and regional insights, and more information on U.S. buyers of recreational properties in Canada.

Ottawa Real Estate Market Update October 2022

The October 2022 Ottawa Real Estate Board stats are out! “After the volatility of the past two pandemic years, which was unsustainable, the market is correcting and adjusting. Demand is still high, and with increasing inventory available, Buyers have more choices and time to shop for their new home.” – Ottawa Real Estate Board President

Royal LePage’s Q3 2022 Home Price Update and Market Forecast

2022 national home price forecast reduced to end year slightly below 2021 levels, following quarterly declines across Canada in Q3. In Ottawa the real estate market is trending towards more stable conditions as new inventory becomes available and buyer demand is strong.