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The winning Ottawa community that saw the largest price increase over the 2022 year was…
The winning community that saw the largest price increase over the 2022 year was… 1. Carp at 14.6% 2. Carleton Place / Perth 13.8 % 3. Rockland / Casselman 12.1% 4. Almonte 9.1% Tied for 5th place at 7.5% Kemptville Winchester Orleans 6.Westport 7.3% 7.Kanata / Barrhaven 6.4% Another tie at 8th place with 5.7% Downtown Core Arnprior 9. Metcalfe 3.6% 10. Richmond ...
Continue ReadingOttawa Real Estate Market Update: Quiet December Caps Off Tumultuous Year
PRICES: Residential Prices ⬇️ 7% from last year Condominium Prices ⬆️9 % from last year SUPPLY is ⬆️ 699 new listings came to market this past month. We usually see around 662 in December. DEMAND is ⬇️ 601 properties sold over the last month. Typically we see 775 in December. ABSORPTION RATE (Supply vs Demand) How quickly are ...
Continue ReadingOttawa Real Estate Market Update: November Residential Resales: Expectedly Low
[embed]https://youtu.be/1oIV_Nf1MzI[/embed] PRICES: Residential Prices ⬇️ 5% from last year Condominium Prices ⬇️ 4% from last year SUPPLY is ⬆️ 1598 new listings came to market this past month. We do not usually see so many new properties in October. The exception is 2020, where several properties held off until the last quarter to be listed after ...
Continue ReadingOttawa Real Estate Market Update: October 2022 Resale Market’s Adjustment and Correction Continues
Ottawa 30-second Real estate market update PRICES: Residential Prices ⬇️ 5 % from last year Condominium Prices⬆️ 9% from last year Affordability is the key here. Condos are usually at a lower price point than residential homes, so as interest rates have impacted the reach that buyers can obtain. Condominiums have become the more ...
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