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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.
OTTAWA, December 5, 2023 – The number of
homes sold through the MLS® System of the
Ottawa Real Estate Board totaled 724 units in
November 2023. This was a small reduction of
1.6% from November 2022.
Home sales were 31.8% below the five-year
average and 27.4% below the 10-year average
for the month of November.
On a year-to-date basis, home sales totaled
11,421 units after 11 months of the year. This
was a large decline of 11.7% from the same
period in 2022.
“Sales are performing as expected with the
arrival of colder months, and an uptick in new
and active listings is bringing more choice back
into the market,” says OREB President Ken
Dekker. “While more choice may mean the pace
of buying and selling has slowed, that doesn’t
mean people looking to enter or upgrade in the
market should sit back. Prospective buyers or
those looking to upgrade have an opportunity
to collaborate with their REALTOR® to carefully
explore the market, identify the ideal property,
and negotiate an attractive deal at their
own pace. Sellers will have to manage their
expectations regarding the quantity of offers and
speed of transactions, and their REALTOR® is
the best resource to help them confidently price
and prepare their home for a quality sale.”
By the Numbers – Prices:
The MLS® Home Price Index (HPI) tracks price
trends far more accurately than is possible
using average or median price measures.
•
The overall MLS® HPI composite
benchmark price was $628,900 in
November 2023, a modest gain of 1.4%
from November 2022.
o The benchmark price for single-family
homes was $708,900, up 1.6% on a
year-over-year basis in November.
o By comparison, the benchmark price for
a townhouse/row unit was $492,300,
nearly unchanged, up 0.8% compared
to a year earlier.
o The benchmark apartment price was
$424,300, up 1.2% from year-ago
levels.
•
The average price of homes sold in
November 2023 was $633,138, decreasing
0.8% from November 2022. The more
comprehensive year-to-date average price
was $669,536, a decline of 5.7% from 11
months of 2022.
•
The dollar value of all home sales in
November 2023 was $458.4 million, down
2.4% from the same month in 2022.
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.
By the Numbers – Inventory & New Listings
•
The number of new listings saw a minor
increase of 2.7% from November 2022.
There were 1,428 new residential listings
in November 2023. New listings were 8.4%
above the five-year average and 10.4%
above the 10-year average for the month
of November.
•
Active residential listings numbered
2,752 units on the market at the end of
November, a sizable gain of 15.8% from
the end of November 2022. Active listings
haven’t been this high in the month of
November in more than five years.
•
Active listings were 53.9% above the five-
year average and 6.7% below the 10-year
average for the month of November.
•
Months of inventory numbered 3.8 at the
end of November 2023, up from the 3.2
months recorded at the end of November
2022 and above the long-run average
of 3.3 months for this time of year. The
number of months of inventory is the
number of months it would take to sell
current inventories at the current rate of
sales activity.
Sources : OREB -CREA
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
A Ture Jem! Resort-style backyard with Fantastic Location, just steps from top-rated schools! This FULLY-RENOVATED stunning home is located on a quiet tree-lined crescent, Premium lot backing onto a park! Step into this home, you will be impressed by the chef's Kitchen with gloss white cabinetry, a massive island with quartz top and breakfast counter & High-End appliances. The spacious living & dining rooms are filled with natural light from the wall of windows. Elegant hardwood staircase leads to the second level boasting: a large master bdrm with 4 pc EN & 2 walk-in closets, two other bedrooms and a family bathroom. The finished lower level with a large recreation room and a bathrm offers much more space for relaxation and storage. Outside, your personal paradise awaits: majestic trees providing privacy and serenity, the large swimming pool, all-season sauna room, and hot tub creating the perfect backdrop for outdoor gatherings and peaceful moments. Freshly painted and Move-in Ready! (id:35885)
Kanata, Ontario
Introducing the brand new Minto Monterey model in the Brookline Community! This home is ready for its first occupants. Featuring 3 bedrooms and 3 bathrooms, this residence boasts a fully finished basement. The main level is enhanced with 9-foot ceilings and hardwood flooring. The open concept kitchen is equipped with quartz countertops, a large central island, upgraded stainless steel appliances, and an extra storage pantry. The spacious dining room and great room are complemented by large windows and a cozy gas fireplace. The second floor offers three well-sized bedrooms, including a primary bedroom with a walk-in closet and a 4-piece ensuite. For added convenience, the laundry area is also located on the second floor. Located just minutes away from the Kanata High Tech Park, DND Carling office, top schools, parks, and shopping plazas. This home is move-in ready! Appliances ordered, will be installed before move in. (id:35885)
Kanata, Ontario
Welcome to this almost-new Minto-built detached home in Arcadia, Kanata! Featuring 3 bedrooms, 2.5 baths, and a garage, this home boasts a beautiful front porch and a spacious foyer with a powder room and walk-in closet—ideal for busy families. The large kitchen includes stainless steel appliances, double sink and breakfast bar. The family room features hardwood floors and a cozy gas fireplace. Enjoy a bright breakfast area with a glass patio door. The carpeted stairs lead to the second level that houses the primary bedroom with a walk-in closet, and 4-piece ensuite. The second and third bedrooms offer lots of light thanks to large windows and share 4-piece modern bathroom. The basement provides laundry room and ample storage space. Located within top school boundaries and close to parks, bus stops, fitness centers, cafes, grocery stores, and more. Move in and enjoy! (id:35885)
Kanata, Ontario
Discover this sprawling bungalow at 428 Brunskill Way! This pristine property, nestled in Kanata, offers an open concept layout with cathedral ceilings, gleaming hardwood floors, and a cozy gas fireplace. Boasting 2 spacious bedrooms, including a large primary with 5-piece ensuite and walk-in closet. The basement provides ample storage. On the exterior of the home you are treated to a private backyard with a pressure-treated deck and patio perfect entertaining. The home is also equipped with an irrigation system and a natural gas generator with an automatic transfer switch. Fantastic location in the desirable Kanata Lakes neighbourhood with close proximity to parks, schools, Kanata Centrum and Tanger Outlets. 24 Hour irrevocable on offers. (id:35885)
Kanata, Ontario
Bright and spacious interior row unit located on a quiet court with a private fenced rear yard. This 3 bedroom, 2 bathroom home is well maintained and features hardwood floors, professionally repainted, cozy fireplace in the living room, galley kitchen, patio doors from the dinette to the new rear deck, large primary bedroom with vanity/sink ensuite and access to the main bathroom. 1 car garage and paved parking for 2 additional cars. Basement is unfinished offering ample storage or future additional living area. 72 hour irrevocable on all offers due to Estate Sale. (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. Minto Haven model 3-bedroom townhome. Boasting a seamless blend of comfort and sophistication, this residence comes fully equipped with appliances and the convenience of central air conditioning. Embrace the luxury of numerous upgrades throughout, elevating both style and functionality. A perfect haven for those seeking a harmonious balance between contemporary design and practical amenities, this home invites you to experience a lifestyle of comfort and refinement. Welcome home to a haven of elegance and convenience. Premium Lot across from park. Immediate Occupancy. (id:35885)
Kanata, Ontario
Don’t miss out this great opportunity! This executive semi-detached fully renovated home has over 2,400+ sq.ft. of beautifully finished living space,walkout basement and 2 car garage with interlock drive way.Main floor offers a full of natural light with spacious living and dining rooms, the bright eat-in kitchen and flexible living space that can be ideal for a home office or cozy family room. Balcony ideal for relaxing or entertaining guests.Upstairs: 3 generously sized bedrooms including a master suite complete with a walk-in closet and a luxurious 4-piece ensuite bath. A convenient mid-level laundry room ensures effortless daily routines.The walk-out lower level enhances the living space with family and hobby or bedroom, opening to a private backyard oasis through patio doors. Updates: Roof (2011) Furnace,AC (2014)Windows,Patio Doors,Basement Flooring,Kitchen Cabinet(2019)Kitchen Floors, Backsplash,Granite Countertop,Fridge (2021)Bathrooms (2021)Dishwasher(2022)Laminate,Paint(2024) (id:35885)
Kanata, Ontario
Bright and Airy - Backing onto Park, super End UNIT with 3 BEDROOM, 2.5 BATHROOM condominium in sought after Katimavik, close to schools, retail and access to Highway 416/417. The Main Level offers a welcoming foyer with partial bathroom, access to the generous Laundry/Storage Room and Single Car Garage. SECOND LEVEL features an open concept design with Charming LIVING area complete with gas fireplace, chic bamboo flooring and DINING area. KITCHEN features ample cupboards and work preparation space + Eat In area and access to the private rear yard oasis. UPPER LEVEL offers PRIMARY BEDROOM retreat, with large DOUBLE CLOSET + renovated two piece ENSUITE BATHROOM. Two additional generous sized BEDROOMS + renovated practical FAMILY BATHROOM. Inviting outdoor space, fully fenced patio perfect for summer entertaining. No rear Neighbors! (id:35885)
Kanata, Ontario
Welcome to your single family detached home on a quiet street in Morgan's Grant with NO REAR NEIGHBOURS!! Walk into the airy and bright living/dining room, a space to entertain or relax. Tucked around the corner is the well appointed kitchen complete with neutral finishes, black appliances and tons of cabinet space. Off the kitchen, a patio door leading to a large and beautiful modern deck with a fully fenced yard. The family room off the kitchen is a great spot to watch tv, sit by the fire and visit the with the chef. Upstairs you'll be pleasantly surprised by the generously sized bedrooms with tons of closet space. The principal bedroom boasts a luxurious ensuite and walk in closet. The lower level is beautifully finished and where you'll find an extra bedroom/office and bathroom, a perfect spot for a growing family. Minutes from shopping, schools, parks, and high tech. Freshly, painted, this meticulously cared for home awaits your personal touch. Book a private showing today. (id:35885)
Kanata, Ontario
This lovely end unit home is nestled in central Bridlewood on a spacious pie shaped lot, & provides much convenience & comfort. Mins from Hunt Club Rd & Hwy 416, its central locale ensures an easy commute. Surrounded by parks, schools, transit & amenities, life here is both vibrant & tranquil. Step in & find an updated interior w/ refreshed paint & flooring. Enjoy a bright eat-in kitchen w/ ample storage & spacious living/dining area w/ gas fireplace. Convenient main floor laundry & direct garage access add to the practicality. Upstairs offers 3 well-sized beds, complemented by spacious rec room in lower level inspiring endless possibility. Outside boasts mature trees for added privacy, perennial gardens, fenced backyard & sizable deck perfect for summer relaxing & a huge driveway accommodates parking for four! This home presents not only a place to live, but a lifestyle of comfort & convenience in one of Ottawa's most sought-after neighborhoods. Don't miss the chance to make it yours! (id:35885)
Kanata, Ontario
Located in South March, one of Kanata's most desirable neighbourhoods, is your new home! This stunning townhome is sure to impress! Step inside & be wowed by modern finishes & fabulous upgrades, including Quartz counter tops & new laminate flooring throughout. The spacious open-concept living area is perfect for hosting friends or just chillin' w/the family. You'll adore the sleek kitchen w/SS appliances & plenty of storage. With 3 bedrooms & 2.5 bathrooms, there's room for everyone. Relax in the primary suite; a true retreat! Ensuite feats. soaker tub & sep. shower & the room is complete off w/ a large walk-in closet! The finished basement offers extra space for a den or office, ft. a cozy gas fireplace & extra bathroom rough-in. The backyard is fully fenced, with grass and an expansive deck. Easy access to the 417/416, so commuting is a breeze. New Roof in 2022! Mins from shops, many restaurants, & all the excitement Kanata North has to offer. 24 Hr Irrevocable on Offers/244 (id:35885)
Kanata, Ontario
Tranquillity & Luxury in Emerald March Estates! Close to the Kanata High Tech Park & top schools! This exceptional custom home on a 2-acre lot features a full brick exterior, 3-car garage, expanded driveway & high-quality metal roof w/ a lifetime warranty! Inside, the grand 3-level foyer sets a luxurious tone. The main floor includes a spacious office w/ double French doors and an open living & dining room which is perfect for entertaining. The renovated kitchen boasts gorgeous granite countertops & a bright eating area w/ skylights! The elegant curved staircase w/ skylight leads to the 2nd level featuring newly installed hardwood flooring, 4 spacious bedrooms & 2 full bathrooms. The fully finished basement w/ a SEPARATE entrance from the garage features a kitchenette, full bath, Sauna, bedroom & huge recreation area w/ fireplace. Efficient Geothermal Heating! Relax in the peaceful yard and enjoy the beautiful garden—a true sanctuary for body, mind, and soul! (id:35885)
MAY 3, 2023
Source: OREB
May 2023, Ottawa Real estate Market update.
NUMBERS SOLD: The members 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%.
SALES NUMBERS DOWN: 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 29% from April 2022. The five-year average for total unit sales in April is 1,739.
RESALE UPWARD TREND: “Ottawa’s resale market is on a steady upward trajectory, narrowing the comparison gap to peak pandemic activity in 2022.
LOW INVENTORY – NOT ENOUGH NEW LISTINGS: New listings not keeping pace, the available housing stock is declining, and with less than two months of inventory — “we’re back into seller’s market territory,” says Ottawa Real Estate Board President Ken Dekker.
By the Numbers – Average Prices*:
“Upward pressure on sales prices continues with average prices increasing for the fourth month since the market low in December.
MULTIPLE OFFERS: Additionally, multiple offer situations have returned to certain neighbourhoods and overall days on market are maintaining their downward trend. There continues to be low inventory in certain property classes and new product is coming to the market at a slower rate, which is affecting supply.”
By the Numbers – Inventory & New Listings:
“These numbers are static, snapshots in time. REALTORS® can give buyers and sellers a fulsome day-to-day picture of how the market is shifting and heating up this season. They have their fingers on the pulse of each neighbourhood in the city and can help buyers and sellers make localized, strategic, data-informed decisions.”
REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 2,151 properties compared to 1,786 last year at this time, an increase of 20%.
* 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.
When inventory is low, prices go up. Look at the light blue line, slowly moving upwards, as we get more listings on the MLS market, but not as 2022 volume.
660 listed properties this week, compared to 2022 of 800-1000 listings range.
Low supply means only one thing…prices go up!
Look at the light blue line, slowly moving upwards in Sale Prices.
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.