The Ottawa Real Estate Market in November 2023 reflects broader economic trends and the unique attributes of the city. Expanding on the initial analysis with additional context about Ottawa's economy and real estate dynamics:
Ottawa's Economic Landscape
GDP Growth: Ottawa, mirroring Canadian trends, experienced higher-than-expected growth in 2023, with real GDP expected to grow by 1.1% this year. However, a slowdown is anticipated in 2024, with growth cooling to 0.4%. Unemployment and Inflat...
Orleans-Ottawa Real Estate Market Update covering Q1 of 2023 (January to March). What neighbourhoods of Orleans are performing the best? Which neighbourhoods of Orleans are performing the worst?
Sales volume is down but competition is fierce as the market see low inventory. This means more bidding wars. 1 in 5 properties sold in March sold over the asking price.
