Check out the snapshot of the Ottawa housing market for the month of July 2021!

"Overall, average prices have increased considerably from 2020, and year-to-date values are holding steady. Still, sellers will need to keep in mind that the multiple offer frenzy experienced previously is no longer the norm, and they may need to have more realistic expectations when positioning their homes and setting on a listing price with their REALTORS®." States Ottawa Real Estate Board President Debra Wright.


Take a look at June’s housing market summary! 🏠

“This start of a perhaps equilibrium in the market is good news for buyers, while sellers are going to have to adjust to this new normal and be more strategic in their positioning. Whichever side of the transaction you are on, you will bode well by listening and heeding the advice of a professional realtor (r) who has their pulse on the day-to-day variabilities Ottawa’s resale market is experiencing,” states Ottawa Real Estate Board President, Debra Wright.

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Check out what happened in the Ottawa housing market for the month of May 2021! đŸ 

"Although Ontario was in a lockdown in both May 2020 and May 2021, the impact they had on Ottawa’s resale market was quite different - with this year’s number of transactions being well over the five-year average. Undoubtedly, enhanced safety measures and vaccine adoption rates have enabled potential Buyers and Sellers to feel more protected and comfortable in their home buying and selling process,” states Ottawa Real Estate Board President, Debra Wright.

The picture attached shows the tremendous growth in the housing market in April!

"The percentage increases over 2020 figures are vastly skewed due to the first State of Emergency last spring, which had initially slowed down the real estate market. Thus, the 155 to 166 percent increases in unit sales are simply not valid results. We recorded 2,026 sales in April 2019 and 2,024 in April 2018. These figures provide a more reasonable comparison, which is a 19% increase in overall sales compared to those pre-pandemic years." states Ottawa Real Estate Board President Debra Wright.

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 April 2021 Toronto Market Report

 The report shows the enormous jump in number of sales and average selling price from 2019 to 2020