The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,439 units in June 2024. This was a marginal increase of 0.1% from June 2023. Home sales were 7.5% below the five-year average and 13.2% below the 10-year average for the month of June. On a year-to-date basis, […]
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,545 units in May 2024. This was a decrease of 9.2% from May 2023. Home sales were 3.7% below the five-year average and 13.2% below the 10-year average for the month of May. On a year-to-date basis, home […]
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,456 units in April 2024. This was an increase of 8.9% from April 2023. Home sales were 2% below the five-year average and 6.9% below the 10-year average for the month of April. On a year-to-date basis, home […]
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 […]
