Ottawa real estate enters new year in Robust seller’s market
Ottawa’s housing market both set new sales records and returned to pre-pandemic norms in 2021, according to the local real estate board. The Ottawa Real Estate Board says the average monthly sale price at the end of the 2021 hit $709,980 for residential-class homes and $399,125 for condos. Those figures represent price hikes of 18 […]
June’s Residential Resale Market begins to Normalize – Ottawa Real Estate Board
ZOLO Ottawa Real Estate June’s Residential Resale Market begins to Normalize July 6, 2021 Members of the Ottawa Real Estate Board sold 2,131 residential properties in June through the Board’s Multiple Listing Service® System, compared with 2,038 in June 2020, an increase of 5 per cent. June’s sales included 1,647 in the residential-property class, up […]
July’s Resale Market Stabilizes – Ottawa Real Estate Board
ZOLO Ottawa Real Estate July’s Resale Market Stabilizes August 5, 2021 Members of the Ottawa Real Estate Board sold 1,724 residential properties in July through the Board’s Multiple Listing Service® System, compared with 2,183 in July 2020, a decrease of 21 per cent. July’s sales included 1,312 in the residential-property class, down 20 per cent […]
2021 Resale Market Normalizes and Breaks Records – Ottawa Real Estate Board
ZOLO Ottawa Real Estate 2021 Resale Market Normalizes and Breaks Records January 6, 2022 Members of the Ottawa Real Estate Board sold 862 residential properties in December through the Board’s Multiple Listing Service® System, compared with 997 in December 2020, a decrease of 14 per cent. December’s sales included 601 in the residential-property class, down […]
The Resale Market Settles Back to a Typical August – Ottawa Real Estate Board
ZOLO Ottawa Real Estate The Resale Market Settles Back to a Typical August September 3, 2021 Members of the Ottawa Real Estate Board sold 1,572 residential properties in August through the Board’s Multiple Listing Service® System, compared with 2,006 in August 2020, a decrease of 22 per cent. August’s sales included 1,175 in the residential-property […]
A Normal September Resale Market 2021
A Normal September Resale Market Members of the Ottawa Real Estate Board sold 1,607 residential properties in September through the Board’s Multiple Listing Service® System, compared with 2,314 in September 2020, a decrease of 31 per cent. September’s sales included 1,244 in the residential-property class, down 29 per cent from a year ago, and 363 […]
October’s Resales Track a Traditional Cycle – Ottawa Real Estate Board
ZOLO Ottawa Real Estate October’s Resales Track a Traditional Cycle November 3, 2021 Members of the Ottawa Real Estate Board sold 1,677 residential properties in October through the Board’s Multiple Listing Service® System, compared with 2,132 in October 2020, a decrease of 21 per cent. October’s sales included 1,263 in the residential-property class, down 24 […]
November’s Brisk Resale Market – Ottawa Real Estate Board
ZOLO Ottawa Real Estate November’s Brisk Resale Market December 3, 2021 Members of the Ottawa Real Estate Board sold 1,459 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,605 in November 2020, a decrease of 9 per cent. November’s sales included 1,086 in the residential-property class, down 10 per cent […]
Choice Between Fixed and Variable Rate Mortgages Has Become a No-Brainer
Borrowers are often torn between fixed- and variable-rate mortgages, but they needn’t be for the foreseeable future because the case for the latter is nearly overwhelming at this point. “For an owner-occupied five-year fixed, it’s 2.59% — some credit unions are even doing 2.44% — and the most common variable right now is 1.25%,” said […]
Ottawa Real Estate Board’s 2022 President and Board of Directors – Ottawa Real Estate Board
Ottawa Real Estate Board’s 2022 President and Board of Directors December 14, 2021 OTTAWA – On December 2, 2021, Members of the Ottawa Real Estate Board (OREB) elected a new Board of Directors for the upcoming year. The Ottawa Real Estate Board is the city’s largest trade association with over 3,700 sales representatives and brokers in […]
Ottawa REALTORS® Give $106,952 to Shelter-Related Charities – Ottawa Real Estate Board
Ottawa REALTORS® Give $106,952 to Shelter-Related Charities December 15, 2021 Members of the Ottawa Real Estate Board (OREB) raised nearly $107,000 for the Ontario REALTORS Care® Foundation (ORCF) in 2021 and provided grants to 21 shelter-related charities in Ottawa and the surrounding areas. OREB Members contributed the entirety of the grant funding through the Board’s […]