NATIONAL MARKET OUTLOOK 2024 Price Outlook: The national average residential price is expected to rise slightly in 2024, by 0.5%. 2024 Sales Outlook: 59% of Canadians housing markets surveyed are anticipating unit sales to increase in 2024. 2024 Market Type: 41% are expected to regain balance; 28% to favour sellers; 21% to favour buyers; and […]
Members of the Ottawa Real Estate Board (OREB) sold 1,196 residential properties in August through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,130 in August 2022, an increase of 6%. August’s sales included 903 in the freehold-property class, up 7% from a year ago, and 293 in the condominium-property category, a 2% increase […]
Members of the Ottawa Real Estate Board (OREB) sold 1,488 residential properties in April through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,876 in April 2022, a decrease of 21%. April’s sales included 1,156 in the freehold-property class, down 18% from a year ago, and 332 in the condominium-property category, a decrease of […]
Members of the Ottawa Real Estate Board (OREB) sold 1,194 residential properties in March through the Board’s Multiple Listing Service® (MLS®) System, compared with 2,003 in March 2022, a decrease of 40%. March’s sales included 893 in the freehold-property class, down 40% from a year ago, and 301 in the condominium-property category, a decrease of […]
Members of the Ottawa Real Estate Board (OREB) sold 855 residential properties in February through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,411 in February 2022, a decrease of 39%. February’s sales included 633 in the freehold-property class, down 42% from a year ago, and 222 in the condominium-property category, a decrease of […]
written by Sean Rankin The holiday season is upon us, bringing an end to a tumultuous year. 2022 saw inflation reach levels not seen for 40 years, followed by substantial interest rate hikes. From March to December, the Bank of Canada raised its policy rate by a whopping 4.0%, causing some stress for Canadian homeowners, […]
Jason was interviewed by CTV News Ottawa yesterday, December 6th, about the forecasted real estate market for the new year (spoiler alert: home prices are expected to rise again!) and some tips for new buyers. Click on the thumbnail below to watch! Pilon Real Estate Group Featured Listings: Click here! We Keep You Covered When […]
Members 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 decrease of 44% […]
Bank of Canada’s Overnight Interest Rate The Bank of Canada announced that it will continue to hold its key interest rate target at 0.25%, sitting unchanged since March 2020 when a trio of rate cuts were implemented to boost the economy following the hard-hitting impacts of COVID-19. In today’s announcement, the Bank also advised that it is ending […]
If you’ve ever visited Ottawa, you know that there are numerous world-class museums and historic landmarks to discover, including Parliament Hill and the Rideau Canal. But our nation’s capital is more than a tourist attraction. The Ottawa housing market also has a lot to offer. With a population of nearly a million people, Ottawa is […]
