Ottawa Real Estate Prices for 2024: Prices are going up 1.6% on a year-over-year
The OREB MLS OF Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures.
OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.
LOW INVENTORY IN THE OTTAWA REAL ESATE MARKET JAN 2024
Still plague Market and causes prices to increase once again.
Builder Agreements should include details such as:
PDI – Date
Assignment clause: a must
Evaluation of home value (Appraisal – you should pay for one)
Deposit Structure: Can you get a better deposit structure
Mortgage approval – a must
Pre-approval – a must
Insurance clause – a must
Location:
Flooding topography
Hwy access
Hydro box green
Road T
SITE PLAN disclosure – commercial or other future development, check with the city
Backing on to graveyards or other
WHAT FUTURE DEVELOPMENT WILL HAPPEN AROUND THE HOME is very import to value
Shopping close
Schools
Bus stops
Structure:
Model
Sqft cost
List of actual finishes
Design
Floor plan
How long is your Tarion Warranty, and what is under warranty and for how long?
Upgrades list and value $
Builder Insurance coverage
(* for information only – buyers need legal advice or to work with an agent)
September 20th, 2023
Source: OREB
The Ottawa Real Estate Board reported that its members sold 1,196 residential properties in August through the Board’s Multiple Listing Service® (MLS®) System data service, 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 from August 2022. The five-year average for total unit sales in August is 1,525.
“Ottawa Sales activity was up marginally on a year-over-year basis in August but remained well below the historical average for this time of year,” says Ken Dekker, OREB President. “There is no shortage of demand given increased immigration and the large Canadian population cohort entering the market. The lack of suitable, affordable housing is a hindrance. High borrowing costs and economic uncertainty are impacting both sellers and buyers, which we expect will continue to result in further market fluctuations.”
NUMBER OF HOME FOR SALE ARE LOWER THAN OTHER YEARS
IT LOOKS LIKE 2022 AND 2023 HAVE THE SAME AVERAGE SALE PRICE
LOW NUMBER OF LISTINGS, LOW SALE VOLUME 2023
IT LOOKS LIKE WE ARE STILL LOW ON LISTINGS
July 27th, 2023
All homes available for sale in Kanata.
Searching for homes for sale in Kanata? Look no further than The KENNEDY Real Estate Team. With several years of experience in selling homes in Kanata. We have extensive knowledge about various models, builders, and neighbourhoods such as: Beaverbrook, Katimavik, Bridlewood, Kanata Lakes, Morgan’s Grant, Trail West, and Elmwood.
In Kanata Ontario, there are several types of dwellings available: Single detached homes, row units townhouses, semi-detached homes, stacked townhouses, and apartments.
We are Currently seeking, 113 listings for sale in Kanata with an average price of approximately:
ALL JULY 2023 DETACHED HOMES AVERAGE PRICE $857,900.
Count on us to provide you with the true value. This free service will ensure you make an informed decision for your next home purchase in Kanata.
ASK FOR OUR FREE “PROPERTY REPORT ON VALUE AND COMPARABLE”.
All Kanata Home Listings on our IDX website.
ML# | Address | List Price | Type | Style | Bds | Bths |
1349274 | 1016 TANGUAY CRT | $339,900 | 2STOREY | STACK | 2 | 2 |
1346861 | 1006 TANGUAY CRT | $349,900 | 2STOREY | STACK | 2 | 2 |
1347644 | 103 SALTER CRES | $379,900 | 2STOREY | ROW | 3 | 2 |
1353521 | 239 PICKFORD DR | $429,900 | 2STOREY | ROW | 3 | 2 |
1352685 | 21 BEST WAY | $438,000 | 2STOREY | ROW | 3 | 3 |
1345297 | 2033 CAMPEAU DR | $449,000 | 2STOREY | STACK | 2 | 2 |
1347915 | 300 TULUM CRES #H | $485,000 | 1LEVEL | STACK | 2 | 1 |
1339787 | 310 TULUM CRES #C | $499,900 | OTHER | STACK | 2 | 2 |
1339789 | 310 TULUM CRES #B | $499,900 | OTHER | STACK | 2 | 2 |
1349944 | 106 KINCARDINE DR | $516,000 | 2STOREY | ROW | 2 | 3 |
1344162 | 598 FOXLIGHT CIR | $528,900 | 3STOREY | ROW | 2 | 3 |
1352430 | 373 HILLSBORO PVT | $534,900 | 2STOREY | ROW | 3 | 3 |
1353245 | 21 STREAMBANK ST | $539,900 | 3STOREY | ROW | 2 | 2 |
1351777 | 516 ABERFOYLE CIR | $549,900 | 2STOREY | ROW | 3 | 2 |
1351967 | 1505 CAMPEAU DR | $549,999 | 2STOREY | STACK | 2 | 3 |
1351412 | 14 MEADOWBREEZE DR | $550,000 | 2STOREY | ROW | 3 | 3 |
1351319 | 29 STREAMBANK ST | $558,000 | 3STOREY | ROW | 3 | 2 |
1352962 | 127 ATTWELL PVT | $559,900 | 3STOREY | ROW | 2 | 3 |
1350428 | 161 ATTWELL PVT | $569,000 | 3STOREY | ROW | 2 | 2 |
1338221 | 398 HILLSBORO PVT | $569,900 | 2STOREY | ROW | 3 | 3 |
1350177 | 63 SPRINGCREEK CRES | $575,000 | 2STOREY | ROW | 3 | 2 |
1351338 | 4 SUNNYBROOKE DR | $575,000 | 2STOREY | ROW | 3 | 2 |
1351016 | 60 HELMSDALE DR | $599,900 | 2STOREY | ROW | 3 | 3 |
1351828 | 833 TABARET ST | $618,000 | 2STOREY | ROW | 3 | 3 |
1353591 | 586 BARRICK HILL RD | $619,900 | 2STOREY | ROW | 3 | 3 |
1353394 | 1326 HALTON TERR | $625,000 | 2STOREY | ROW | 3 | 3 |
1349339 | 738 OAKGLADE AVE | $629,900 | 2STOREY | ROW | 3 | 3 |
1352422 | 220 FORESTBROOK ST | $639,000 | 2STOREY | ROW | 3 | 3 |
1351156 | 94 SADDLESMITH CIR | $639,000 | 2STOREY | ROW | 3 | 3 |
1352406 | 201 OPUS ST | $649,900 | 2STOREY | ROW | 3 | 3 |
1352958 | 80 ROBARTS CRES | $649,900 | 2STOREY | ROW | 3 | 4 |
1352924 | 276 MAXWELL BRIDGE RD | $649,900 | 2STOREY | ROW | 3 | 3 |
1346702 | 30 HIGHMONT CRT | $650,000 | 2STOREY | SEMIDET | 3 | 3 |
1353652 | 29 COURTNEY RD | $654,900 | BUNGLOW | DETACH | 4 | 2 |
1346498 | 218 HUNTERBROOK ST N | $659,999 | 2STOREY | ROW | 3 | 3 |
1346233 | 100 PATRIOT PL | $669,900 | 2STOREY | ROW | 3 | 3 |
1350846 | 560 PEPPERVILLE CRES | $669,900 | 2STOREY | ROW | 3 | 3 |
1350828 | 120 SPRINGCREEK CRES | $674,900 | 2STOREY | DETACH | 3 | 2 |
1340559 | 804 STAR PVT | $684,900 | 3STOREY | ROW | 2 | 4 |
1343773 | 31 BACHMAN TERR | $694,900 | 3STOREY | ROW | 2 | 4 |
1342872 | 58 BLACKDOME CRES | $699,000 | 2STOREY | ROW | 3 | 2 |
1351794 | 7 CURRAN ST | $699,000 | 2STOREY | DETACH | 3 | 2 |
1347144 | 80 GOLDRIDGE DR | $699,900 | 2STOREY | ROW | 3 | 3 |
1350013 | 70 MERSEY AVE | $699,900 | 2STOREY | DETACH | 3 | 3 |
1343158 | 27 BACHMAN TERR | $704,900 | 3STOREY | ROW | 4 | 4 |
1345027 | 45 BACHMAN TERR | $714,900 | 3STOREY | ROW | 3 | 3 |
1344899 | 110 MACASSA CIR | $724,900 | SPLIT | ROW | 3 | 3 |
1348075 | 51 WATERTHRUSH CRES | $724,900 | BUNGLOW | SEMIDET | 3 | 3 |
1333567 | 69 EQUESTRIAN DR | $729,900 | 2STOREY | DETACH | 3 | 3 |
1344890 | 37 BACHMAN TERR | $734,900 | 3STOREY | ROW | 4 | 4 |
1350053 | 993 KLONDIKE RD | $735,000 | 2STOREY | ROW | 3 | 3 |
1339680 | 432 MEADOWBREEZE DR | $739,900 | 2STOREY | ROW | 4 | 3 |
1349133 | 283 KINGHAVEN CRES | $749,000 | 2STOREY | ROW | 3 | 4 |
1347577 | 95 VILLAGE GREEN | $749,999 | 2STOREY | DETACH | 4 | 2 |
1345492 | 21 WESTMEATH CRES | $757,000 | 2STOREY | DETACH | 3 | 3 |
1352433 | 2 SEWELL WAY | $769,900 | 2STOREY | DETACH | 4 | 3 |
1348719 | 554 HITZLAY CRES | $770,250 | 2STOREY | ROW | 3 | 3 |
1352974 | 66 MACASSA CIR | $790,000 | 3STOREY | ROW | 2 | 3 |
1352026 | 42 FOULIS CRES | $794,000 | BUNGLOW | ROW | 3 | 3 |
1348104 | 4 TURNBULL AVE | $799,900 | 2STOREY | DETACH | 3 | 3 |
1351607 | 26 FOXLEIGH CRES | $799,900 | 2STOREY | DETACH | 4 | 4 |
1353089 | 33 SPUR AVE | $799,900 | 2STOREY | DETACH | 4 | 4 |
1353349 | 58 BRIDLE PARK DR | $799,900 | 2STOREY | DETACH | 4 | 3 |
1347391 | 182 OVERBERG WAY | $809,900 | 2STOREY | ROW | 3 | 4 |
1352046 | 194 FLOWING CREEK CIR | $829,900 | 2STOREY | DETACH | 4 | 4 |
1348237 | 65 CROWNRIDGE DR | $839,900 | 2STOREY | DETACH | 3 | 3 |
1352949 | 24 RIVERGREEN CRES | $839,900 | 2STOREY | DETACH | 3 | 3 |
1352972 | 140 BRIDGESTONE DR | $849,900 | 2STOREY | DETACH | 4 | 3 |
1339798 | 819 PETRA PVT | $850,000 | 3STOREY | ROW | 3 | 4 |
1352306 | 135 SOLARIS DR | $855,000 | 2STOREY | DETACH | 4 | 4 |
1351387 | 441 TILLSONBURG ST | $875,000 | 2STOREY | DETACH | 3 | 3 |
1350782 | 122 WHERNSIDE TERR | $885,000 | 2STOREY | DETACH | 4 | 4 |
1353183 | 2 BRADLEY FARM CRT | $899,900 | 2STOREY | DETACH | 4 | 4 |
1346499 | 4 BRADLEY FARM CRT | $899,999 | 2STOREY | DETACH | 6 | 4 |
1348913 | 26 PELLAN CRES N | $936,000 | 2STOREY | DETACH | 4 | 3 |
1348723 | 15 RUTHERFORD CRES | $945,000 | 2STOREY | DETACH | 4 | 3 |
1346322 | 803 OAKSIDE CRES | $959,000 | 2STOREY | DETACH | 5 | 4 |
1348720 | 360 ABBEYDALE CIR | $969,900 | 2STOREY | DETACH | 4 | 3 |
1346305 | 614 BRIDLEGLEN CRES | $979,990 | 2STOREY | DETACH | 3 | 3 |
1330947 | 27 SOLARIS DR | $989,900 | 2STOREY | DETACH | 4 | 4 |
1350083 | 19 RUTHERFORD CRES | $989,900 | 2STOREY | DETACH | 4 | 4 |
1342008 | 42 STONECROFT TERR | $998,000 | BUNGLOW | DETACH | 4 | 3 |
1346782 | 178 GYRFALCON CRES | $999,000 | 2STOREY | DETACH | 5 | 4 |
1347064 | 11 TURTLE POINT PVT | $999,000 | BGWL | ROW | 4 | 4 |
1347484 | 2004 ALLEGRINI TERR | $999,900 | 2STOREY | DETACH | 4 | 3 |
1343628 | 343 SUGAR PINE CRES | $1,029,000 | 2STOREY | DETACH | 3 | 3 |
1350372 | 10 JARLAN TERR | $1,039,000 | 2STOREY | DETACH | 4 | 3 |
1346589 | 11 MENDOZA WAY | $1,049,000 | 2STOREY | DETACH | 4 | 3 |
1352264 | 328 LAUGHLIN CIR | $1,050,000 | 2STOREY | DETACH | 4 | 3 |
1345277 | 8 EVANSHEN CRES | $1,100,000 | 2STOREY | DETACH | 4 | 3 |
1350338 | 26 VARLEY DR | $1,150,000 | 2STOREY | DETACH | 4 | 3 |
1349314 | 9 ROSETHORN WAY | $1,188,800 | 2STOREY | DETACH | 5 | 4 |
1345120 | 138 STEEPLE CHASE DR | $1,199,900 | 2STOREY | DETACH | 4 | 4 |
1350186 | 36 ROSENFELD CRES | $1,225,000 | 2STOREY | DETACH | 4 | 4 |
1340309 | 123 GRAINSTONE WAY | $1,299,900 | 2STOREY | DETACH | 4 | 4 |
1350133 | 50 OSPREY CRES | $1,299,900 | 2STOREY | DETACH | 8 | 5 |
1345061 | 28 GREENSAND PL | $1,300,000 | 2STOREY | DETACH | 4 | 4 |
1343176 | 396 HUNTSVILLE DR | $1,349,000 | 2STOREY | DETACH | 4 | 4 |
1344490 | 250 KETCHIKAN CRES | $1,395,800 | 2STOREY | DETACH | 4 | 4 |
1346597 | 55 IRONSIDE CRT | $1,399,000 | 2STOREY | DETACH | 4 | 3 |
1350049 | 523 BRECCIA HTS | $1,399,000 | 2STOREY | DETACH | 4 | 5 |
1350623 | 139 INGERSOLL CRES | $1,424,900 | 2STOREY | DETACH | 5 | 3 |
1345728 | 348 ABBEYDALE CIR | $1,450,000 | 2STOREY | DETACH | 5 | 5 |
1352289 | 60 ROSENFELD CRES | $1,495,000 | 2STOREY | DETACH | 4 | 4 |
1352517 | 15 KANATA ROCKERIES PVT | $1,495,000 | 2STOREY | DETACH | 4 | 5 |
1352529 | 65 IRONSIDE CRT | $1,499,000 | 2STOREY | DETACH | 5 | 3 |
1345689 | 1098 BLANDING ST | $1,539,000 | 2STOREY | DETACH | 4 | 5 |
1347414 | 525 BRECCIA HTS | $1,548,000 | 2STOREY | DETACH | 5 | 5 |
1349077 | 44 IRONSIDE CRT | $1,625,000 | 2STOREY | DETACH | 4 | 4 |
1351597 | 3 GOULDING CRES | $1,685,000 | 2STOREY | DETACH | 4 | 3 |
1349776 | 65 WALDEN DR | $1,750,000 | 2STOREY | DETACH | 6 | 5 |
Count on us to provide you with the true value. This free service will ensure you make an informed decision for your next home purchase in Kanata.
ASK FOR OUR FREE “PROPERTY REPORT ON VALUE AND COMPARABLE”.
Kanata, Ontario
LEGAL DUPLEX located on a quiet cul-de-sac. Live up and rent down, or invest in one of Ottawa's most family-friendly communities. Upstairs you will find a charming 3 bed/1 bath home with a newly renovated kitchen, tile backsplash, new appliances, and tons of counter space. New flooring and updated windows throughout. This unit comes with tandem parking for 3 vehicles. The lower unit was legally suited and fully renovated in 2022 offering 2 beds/1bath and a separate parking space. Both units are separately metered with a/c heat pumps. Whether you plan to live in this property or purchase as an investment, you or your tenants will enjoy convenient access to the 417 and public transit with an OC Transpo bus stop right around the corner with routes going downtown. Spend time in your own large backyard, or explore one of the 40+ parks Kanata has to offer. Walking distance to two elementary schools & community centre offering camps, programming, drop-in activities, sports & more. 24hrs irrv. (id:35885)
Kanata, Ontario
LEGAL DUPLEX located on a quiet cul-de-sac. Live up and rent down, or invest in one of Ottawa's most family-friendly communities. Upstairs you will find a charming 3 bed/1 bath home with a newly renovated kitchen, tile backsplash, new appliances, and tons of counter space. New flooring and updated windows throughout. This unit comes with tandem parking for 3 vehicles. The lower unit was legally suited and fully renovated in 2022 offering 2 beds/1bath and a separate parking space. Both units are separately metered with a/c heat pumps. Whether you plan to live in this property or purchase as an investment, you or your tenants will enjoy convenient access to the 417 and public transit with an OC Transpo bus stop right around the corner with routes going downtown. Spend time in your own large backyard, or explore one of the 40+ parks Kanata has to offer. Walking distance to two elementary schools & community centre offering camps, programming, drop-in activities, sports & more. 24hrs irrv. (id:35885)
Kanata, Ontario
Brookline is the perfect pairing of peace of mind and progress. Offering a wealth of green space, parks and pathways in a new, modern community neighbouring one of Canada’s most progressive economic epicentres. Welcome to The Tahoe townhome which was designed to give growing families the space they need. Exclusively an end unit, this 4-bedroom, 2.5 bathroom townhouse features additional windows to allow for more natural sunlight, an open-concept main floor and finished basement. This home is located on a premium lot facing a finished community park. Immediate occupancy! (id:35885)
Kanata, Ontario
A very well-maintained Manhattan home is ready for a new family! An ample foyer offers inside access to the garage with a convenient Powder Room. Bright living room with hardwood floors opens to the dining area with massive windows and a stylish eat-in kitchen with plenty of cupboards & Counter with sliding patio doors to your Fenced backyard perfect for summer gatherings. A stunning winding staircase takes you to a Second floor which offers 3 generously sized bedrooms including a huge primary bedroom with a 4pc En-suite & a walk-in closet & additional full bath—a finished lower level with a huge family room with a cozy gas fireplace, a large window, laundry & plenty of storage. Great location in Morgan's Grant minutes away from Kanata Business Park, DNG campus, parks, shopping, schools, transportation & much more. (id:35885)
Kanata, Ontario
A once-in-a-generation opportunity to own this mid-century modern 3 Bedroom + Den/Office, 2.5 Bathroom, Teron-built bungalow on one of Beaverbrook's most highly sought-after streets! One of the larger floor plans in the area. Oak strip hardwood. Updated Kitchen with adjoining Family Room. Upgraded main Bathroom with shower enclosure. Primary bedroom suite with full wall of closets & upgraded 4-piece ensuite Bathroom. Two generously sized secondary Bedrooms. Main level Den/Office off of main Foyer. Double car garage. Beautifully landscaped, private lot! Beaverbrook is a master-planned community that is renowned for its abundance of trails (walking, biking & cross country skiing) & connecting Parks as well as easy access to Shopping, OC Transpo bus service, great Schools, the Beaverbrook Branch of the Ottawa Public Library, the Kanata Lakes Golf Course & many recreational opportunities! No Conveyance of any written signed Offers prior to 7 pm on Wednesday, June 5, 2024. (id:35885)
Kanata, Ontario
The property is great for living and investment for rental house. The location is in the suburbs Kanata near shopping mall, public school, recreation, public transit, and parks. The property is on the end unit, spacious and filled with natural light with 2bedrooms, two 3-piece bathrooms. Another opportunity for office and gym spaces in the full finished basement. The space has many possibilities to fulfill your desires. New laminate flooring and carpet were installed in 2021 on the entire main level and 2nd floor/stairs in 2022. Enjoy some privacy with no rear neighbors and a completely fenced backyard. (id:35885)
Kanata, Ontario
Welcome to 60 Edenvale in Kanata! This two bedroom stacked unit terrace home is perfect for first time buyers, investors or downsizers. Located just steps away from the bustling Kanata Centrum and a short drive onto the highway, convenience is at your doorstep. As you enter, you will be greeted by a spacious living room with additional windows that flood the space with natural light. The open concept layout seamlessly flows into the dining area and kitchen, making it convenient for entertaining guests. The kitchen boasts modern appliances, ample counter space and storage. Retreat to your own balcony where you can enjoy a morning coffee. Take advantage of the garage and private laneway parking - no more searching for street parking! But that's not all - this home also offers easy access to parks, schools, shops and restaurants. You'll never run out of things to do! Don't miss out on this opportunity to call this charming terrace home yours. Schedule a viewing today! (id:35885)
Kanata, Ontario
Open House Sunday June 2nd 2-4 pm. Welcome to 60 Rosenfeld Cres. Excellent value for this well maintained and upgraded 4 bedroom, 4 bathroom executive home with approximately 4200 sq. ft. of living space, on one of the largest lots (62 front, 98 back, 117 depth) in Kanata Lakes. Located on a quiet crescent close to desirable schools, parks, golf, shopping, and 417 access. Property is close to, but does back directly onto Golf course. Private backyard with 18 X 36 heated inground pool (new heater, new pump) surrounded by mature trees and 18 foot hedges. All patio furniture included. Wonderful views from floor to ceiling windows in multiple rooms facing pool and greenery. Traditional floor plan with main floor den/office. Hardwood on main level and all bedrooms. Professionally finished lower level (newer carpeting, recently painted) includes wet bar, sauna, 3 pc bath with large walk-in shower, and gas fireplace. (id:35885)
Kanata, Ontario
As per form 244, 24 hours irrevocable on all offers. Welcome Home! Stunning end unit town with 3 bed 3 bath with no easement. The bright open concept main floor features laminate and tile flooring throughout the dining room, living room, kitchen and eating area. The gourmet kitchen has lots of counter space and stainless steel appliances. The 2nd floor has a massive primary bedroom with WI closet, additional closet, and a large ensuite. The other 2 bedrooms are large with good closet space and share a 4 pc bath. You will love the full size laundry room complete with window and laundry sink on the bedroom level. The basement is waiting for your imagination to be fulfilled. Interlock widened driveway for up to 4 cars. With easy access to the 417 and an array of amenities nearby—including Grant Crossing plaza, Kevin Haime driving range, NCC Trans-Canada trail, and more—this meticulously maintained townhome is ready to welcome a new family! Some photos have been virtually staged. (id:35885)
Kanata, Ontario
Experience luxury living at its best, thoughtfully designed, and conveniently located near Kanata Centrum and the Queensway, offering unmatched convenience. This unit boasts top-notch appliances and finishes. The open-concept kitchen seamlessly flows into the bright spacious living area. Two generously sized bedrooms come complete with ample closet space, providing all the storage you need. You'll be pleasantly surprised by the spaciousness that defies typical apartment living. Base rent is set at $2295 per month; In addition, one outdoor parking space, water, and Internet are a flat set $300 monthly amount. Tenants pay hydro separately. Don't miss out on this exceptional unit - schedule a viewing today! 24 hours notice for all showings and all applicants must provide a rental application, valid photo ID, credit report, and employment verification. (id:35885)
Kanata, Ontario
Joined only by the double car garage, this condo townhome in the heart of Beaverbrook feels like a single family home with a walled garden. Main floor den! Lovely interlock walkway greets you and welcomes you into the foyer. Renovated kitchen.Parquet flooring throughout main floor needs some repair on edges. Spacious living room with view of back garden and a wood burning fireplace. Dining room space could be used as a dining area or as a flex space as well. The kitchen offers good storage and a functional layout with large, moveable island. Inside entry here to double garage. Powder rm completes the main level. Hardwood staircase leads you to the second level with 3 good sized bedrooms. We adore the vintage wallpaper in the 2nd bed! Oversized main bath needs renovation but has so much potential and space. The lower level is unfinished but could be a good space for finishing, great storage, both full size and crawl space. Minutes from DND, Kanata Hi-tech, parks, trails and schools! (id:35885)
Kanata, Ontario
Penthouse condo with 9ft ceilings! Perfect location for professionals in the highly sought after area of Kanata Lakes, only minutes away from shopping, dining and entertainment at the Kanata Centrum, Tanger Outlet Mall and the Canadian Tire Centre! This spacious, open-concept 2-bedroom+ DEN, 2 full bath condo overlooks the Carp River Conservation Area and has quick access to public transportation, Kanata’s high tech business park, and a golf course. You’ll love the gourmet kitchen, gleaming hardwood floors, full den, master bedroom with large walk-in closet & 3-piece ensuite, and a terrace balcony overlooking green space. This convenient rental includes in-unit laundry with a stackable washer/dryer, central air conditioning, an underground parking space with visitor parking available, a storage locker, and amenities including an exercise center, clubhouse and party room. (id:35885)
OREB NEWS
March 3, 2023
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 31% from February 2022. The five-year average for total unit sales in February is 1,157.
“We’re going to see declines in transactions and prices when we compare current figures to last February — the height of the pandemic resale market activity,” says Ottawa Real Estate Board’s President Ken Dekker. “On the other hand, with the Bank of Canada holding interest rates steady, prospective buyers have more budget certainty to work with as we head into the spring market.”
By the Numbers – Average Prices*:
“The average price increase for freeholds over January could be an indicator that buyers have normalized to the current interest rates. And perhaps, it’s a glimmer of more activity to come in the months ahead.”
By the Numbers – Inventory & New Listings:
“A decrease in the days on market, paired with fewer new listings entering the market, is good news for sellers,” says Dekker. “However, if that trend continues to impact our supply stock and we don’t get more inventory, our otherwise balanced market could swing back into seller’s territory — but it’s too early to predict.”
“The best advice for sellers and buyers in today’s market is to pay close attention to the comparison and competition insights only a REALTOR® can offer. Ottawa is made up of many micro-markets, and neighbourhood-level data is vital to standing out and closing deals.”
REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 995 properties compared to 800 last year at this time, an increase of 24%.
Average Sale Price February 2023= from $708,172 down to $620,088 (-12.4% down)
Quantity of sales: 2471 down to 1513 in Feb 2023 (-38% down)
CDOM= Re-listed : Days on Market from 27 to 69 days ( more days on market: +42 days)
DOM= Days on Market – from 19 days TO 44 days longer in 2023 ( more days on market: +25 days)
Lets look at this weekly average price in Ottawa real estate.
February 2, 2023
Members of the Ottawa Real Estate Board (OREB) sold 606 residential properties in January through the Board’s Multiple Listing Service® (MLS®) System, compared with 933 in January 2022, a decrease of 35%. January’s sales included 460 in the freehold-property class, down 30% from a year ago, and 146 in the condominium-property category, a decrease of 47% from January 2022. The five-year average for total unit sales in January is 819.
“January’s marked slow down in unit sales over 2022 indicates potential home buyers are taking their time,” says OREB President Ken Dekker. “While last month saw the culmination of the succession of interest rate hikes announced by the Bank of Canada, affordability remains a factor. They may be waiting for a shift in listing prices. They’re being cautious in uncertain conditions.”
By the Numbers – Average Prices*:
“Despite the decrease in average prices, the market should not be considered on a downward slide,” says Dekker. “A hyper COVID-19 seller’s market is now leveling out to our current balanced market state.”
“On a positive note, in comparison to December’s figures, January’s average price of freehold properties increased by 3%. The average price of condos did fall by 5% compared to December but condo pricing tends to fluctuate more due to the small data set.”
By the Numbers – Inventory & New Listings:
“Ottawa’s inventory and days on market figures are typical for a balanced market and another sign that buyers are no longer racing to put in an offer,” says Dekker. “The increase in new listings and supply is a boon for home buyers, who now have more selection and the ability to put in conditions at a less frantic pace. REALTORS® are an essential resource in finding the right property for the right buyer. On the other side of the transaction, REALTORS® can help sellers with hyper-local insights about how to sell in their neighbourhood at a time when pricing is key.”
More people are turning to REALTORS® for help renting properties — 509 this month compared to 410 in January 2022, an increase of 24%. “Even with the increase in housing stock, the tighter rental market is another indication that affordability is keeping some potential buyers on the sidelines.”
* OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.
Market Prices Sold and Changes