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January 2023 - Ottawa Market Update

February 7th, 2023
Resale Market Starts Slow as Buyers Remain Cautious Members of the Ottawa Real Estate Board (OREB) sold 606 residential properties in January through the Board’s Multiple Listing Service® (MLS®) System, compared with 933 in January 2022, a decrease of 35%. January’s sales included 460 in the freehold-property class, down 30% from a year ago, and 146 in the condominium-property cate ...

December 2022 - Market Update

January 19th, 2023
Quiet December Caps Off Tumultuous Year Members of the Ottawa Real Estate Board (OREB) sold 601 residential properties in December through the Board’s Multiple Listing Service® (MLS®) System, compared with 857 in December 2021, a decrease of 30%. December’s sales included 466 in the residential-property class, down 22% from a year ago, and 135 in the condominium-property category, ...

Stage your home for the holidays!

December 14th, 2022
One of the biggest questions that tends to arise in the months leading up to December, is whether or not people should decorate their homes for the holidays while trying to sell. This is an interesting topic, as some people prefer to see what homes look like when decorated, while other people prefer to see the space without the distraction of decorations. We reached out to our RE/MAX Influen ...

November 2022 - Market Update

December 14th, 2022
November Residential Resales: Expectedly Low Members of the Ottawa Real Estate Board (OREB) sold 846 residential properties in November through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,456 in November 2021, a decrease of 42%. November’s sales included 658 in the residential-property class, down 39% from a year ago, and 188 in the condominium-property cat ...

October 2022 - Market Update

November 8th, 2022
Resale Market’s Adjustment and Correction ContinuesMembers of the Ottawa Real Estate Board sold 987 residential properties in October through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,670 in October 2021, a decrease of 41%. October’s sales included 758 in the residential-property class, down 40% from a year ago, and 229 in the condominium-property category, a decrea ...

Preparing your home for fall? Here is what you need to know!

October 13th, 2022
As we transition out of the warmer summer months, it is important to prepare our home for the colder season ahead. While we prepare ourselves by pulling out our long stored jumpers, prepare your home for fall by performing some important maintenance. Although it would be nice to leave fall home prep at fall decor ideas and making the best fall wreath ideas, more important matters such as cle ...

September 2022 - Market Update

October 6th, 2022
Resale Market Continues to Slow as Buyers Remain WatchfulMembers of the Ottawa Real Estate Board sold 1,080 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,601 in September 2021, a decrease of 33%. September’s sales included 816 in the residential-property class, down 34% from a year ago, and 264 in the condominium-property category, a ...

August 2022 - Market Update

September 6th, 2022
Buyer Uncertainty Slows Down August ResalesMembers of the Ottawa Real Estate Board sold 1,137 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,565 in August 2021, a decrease of 27 per cent. August’s sales included 850 in the residential-property class, down 27 per cent from a year ago, and 287 in the condominium-property category, a decrea ...

The help you need to navigate today’s real estate market

August 25th, 2022
Life after lockdowns, in combination with a series of aggressive interest rate hikes, is causing quick shifts in Ottawa’s real estate market. It’s in tumultuous times like these that Ottawa home buyers and sellers know they can trust a professional REALTOR® to assist them with their purchase or sale. The Ottawa Real Estate Board, known as OREB, is an association of approximately 3,900 regist ...

What Does a Buyer’s Market Mean for Sellers?

August 25th, 2022
Things are changing in Canada’s real estate landscape.  After a scorching year for real estate in 2021—a time when home prices smashed records and sales volume rose above the norm—there appears to be a slowdown in the marketplace.   According to the latest numbers from the Canadian Real Estate Association (CREA), home sales recorded over Canadian MLS® Systems dropped 5.6% between May and Ju ...

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