The Ottawa real estate market has been hot ever since the COVID pandemic made its appearance. Despite the many job losses, business closures and many uncertainties about the real estate and financial market Ottawa's real estate is increasing in price. 

Since April Ottawa has been seeing increases in sales compared to the previous year. In fact, Ottawa saw an 11% increase in home sales from 2019 to 2020. This can be attributed to many factors including the desire of many to find larger spaces. Wi...

It was a great year for Ottawa homeowners as the demand for residential properties increased despite the global pandemic. Many buyers decided to make 2020 their year to purchase a home in Ottawa. There were a total of 29,368 homes that sold in 2020. This means a total of 2,043 more homes sold in Ottawa this year than in 2019.

As the graphic shows, not every month saw an increase for Ottawa. The month of April and May saw consecutive decreases. The month of April saw a 50% decrease in sales from...

Over the past few months, Ottawa has seen big price increases. August figures are in and Ottawa Realtors have sold 2,017 residential properties in August according to the Ottawa Real Estate Board's MLS. This is an increase of 17% over August 2019.

New property listings are generally sold quickly for over asking. The average year to date sales price is now sitting at $566,291 for residential-class properties and $357,779 for condominium-class properties. An increase of 17% and 19% over August of...

Ottawa's housing market is very active this summer. Many neighbourhoods of Ottawa are in a seller's market with lots of listings selling within days of being listed for sale on the Ottawa MLS.

There are two principal classes or residential properties individuals and families tend to buy. These are condominium-class residential properties which comprised of a wide range of properties including the common apartment-condo style as well as the row house or townhome condo-style properties. On the oth...

Ottawa's housing market has been active and the City has seen condo prices increase quite rapidly over the past few years. As of June 2020, the average sell price of condominiums in the City of Ottawa was $360,922. As for freehold residential properties, the average sale price in June was $554,256.

Because of their more affordable pricing, many individuals and families are choosing to purchase condos instead of the traditional freehold houses. The City has a nice range of condo types including r...

Members of the Ottawa Real Estate Board sold 1,345 residential properties in May through the Board’s Multiple Listing Service® System, compared with 2,410 in May 2019, a decrease of 44 per cent. May’s sales included 1,066 in the residential-property class, down 43 per cent from a year ago, and 279 in the condominium-property category, a decrease of 49 per cent from May 2019. The five-year average for May unit sales is 2,048.

“Just as May’s temperatures had us questioning what season we were in,...

Members of the Ottawa Real Estate Board sold 1,525 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,507 in March 2019, an increase of only 1.2 per cent. March’s sales included 1,170 in the residential-property class, up 3.3 per cent from a year ago, and 355 in the condominium-property category, a decrease of 5.1 per cent from March 2019. The five-year average for March unit sales is 1,465.

“Our results show that the Ottawa real estate marke...