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Ottawa Listings of Home Sales Stable in November Amid Growing Supply – 2024 JAN OTTAWA REAL ESTATE NEWS

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.

  • The overall benchmark price was $628,900 in November 2023, nearly unchanged, up only 1.4% from November 2022.
    1. The benchmark price for single-family homes was $708,900, up 1.6% on a year-over-year.
    2. By comparison, the benchmark price for a townhouse was $492,300, nearly unchanged, up 0.8% compared to a year earlier.
    3. 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.

 

LOW INVENTORY IN THE OTTAWA REAL ESATE MARKET JAN 2024

Still plague Market and causes prices to increase once again.

 

 

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WOODROFFE PROPERTY FOR SALE – Detached homes on WOODROFFE AVE OTTAWA

1155 WOODROFFE AVE OTTAWA FOR SALE

 

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For rent
$2,250 Monthly
894 LONGFIELDS DRIVE, ottawa, Ontario

894 Longfields Drive

Ottawa, Ontario

Rare upper corner unit: 2 bed, 2.5 bath two-storey stacked condo nestled in the heart of Barrhaven! Centrally located with easy access to schools, shopping, groceries, fitness facilities, and transit, all within walking distance. Impeccably maintained and richly upgraded, boasting over 1,400 square feet. Facing west, this unit bathes in natural light, offering captivating sunrise and sunset views. Recently refreshed with new paint throughout (2023). The open concept main level features Brazilian cherry hardwood floors, oak kitchen cabinets, a charming gas fireplace with a marble mantle, and a bay window sitting area in the living room. Enhanced with upgraded pot lights and a renovated powder room (2020). The upper level offers two spacious bedrooms, each with ample closets and its own en-suite bathroom; one bedroom includes a private balcony. Includes one convenient parking space right at your doorstep, with plenty of visitor parking available as well. (id:35885)

2 Bedroom 3 Bathroom
For sale
$719,900
279 LIVERY STREET STREET, ottawa, Ontario

279 Livery Street Street

Ottawa, Ontario

Welcome to 3 Bed. & 3 Bath. Executive Townhouse in Stittsville's Blackstone Community! This stunning RICHCRAFT STILLWATER MODEL is sure to impress! Loaded w/ upgrades & designer finishes thru-out. A rare townhome due to it’s immense size. Boasting a massive 2243 sq ft of living space (+finished basement) with an open concept layout, this beauty has it all: stylish exterior, matte distressed hardwood, upgraded cabinets, upgraded quartz counters, chef’s kitchen (extended island 109" x37"), SS appliances, AMAZING LOFT (ideal office/kids play/studdy area) 2nd level laundry. SPRAWLING great room w/ gas fireplace, living/dining rooms, high ceilings, loads of windows. This home lives and feels like a single. Lovely principal retreat with an IMPRESSIVE spa-like ensuite. Extra long & wide driveway(space for 3 car parking), MAINTENANCE-FREE yard, complete landscaping, & a LARGE deck.This home is walking distance to parks, pond, Trans Canada trail, restaurants, grocery & more. Welcome home! (id:35885)

3 Bedroom 3 Bathroom
For rent
$2,300 Monthly
324 BERRIGAN DRIVE, nepean, Ontario

324 Berrigan Drive

Nepean, Ontario

This fantastic row unit is located in a prime spot close to schools, parks, and shopping. It features 3 bedrooms, 2.5 bathrooms, and beautiful hardwood floors on the main level. The dining room is spacious and the gallery kitchen is perfect for cooking up a storm. Upstairs, you'll find 2 bedrooms, a large main bathroom, and a primary bedroom with a walk-in closet and a 4-piece ensuite. The finished basement includes laundry, storage, and a cozy gas fireplace. All wet floors have ceramic tiles for easy cleaning. Recent upgrades include granite counters, waterproof flooring, and new carpet on the stairs. This home also has air conditioning and a private yard. Don't miss out on this modern, upgraded gem that's close to all amenities! (id:35885)

3 Bedroom 3 Bathroom
For sale
$699,900
2212 NATURE TRAIL CRESCENT, ottawa, Ontario

2212 Nature Trail Crescent

Ottawa, Ontario

Welcome to the beautiful neighbourhood of Chapel Hill South, close to nature trails, parks bust routes, Innes Road and the Queensway. This single family home has a large living room and dining room a comfortable sunfilled family room and kitchen with separate eating area. The upstairs has three good sized bedrooms and two bathrooms the primary bedroom has an ensuite bathroom. The west facing backyard has full sun exposure and ready for your own backyard oasis. The basement is unfinished and ready to design your own entertainment area, home office etc. (id:35885)

3 Bedroom 3 Bathroom
For rent
$2,700 Monthly
108 STONEBRIAR DRIVE, ottawa, Ontario

108 Stonebriar Drive

Ottawa, Ontario

Renovated to include a main level office, this 3-bedroom, 3-bathroom END UNIT condo townhome offers stunning views of Centrepointe Park. Built by Minto, it spans over 2,000 sq. ft., featuring hardwood floors on the main and second levels, laminate floor through out basement. Granite countertops in the kitchen and main bathroom, and more! Located at 108 Stonebriar Dr., it promises privacy, tranquility, and perfection. (id:35885)

3 Bedroom 3 Bathroom
For rent
$2,400 Monthly
1785 FROBISHER LANE UNIT#2001, ottawa, Ontario

1785 Frobisher Lane Unit#2001

Ottawa, Ontario

Location!! Immaculate & spacious two large bedrooms with one bathroom Condo located directly across from Smyth Transit Station. View of the City & River. This property is minutes away from the General & CHEO hospitals. Close to shopping centers, bicycle paths, train station, LRT with easy access to 417. Rent includes: Hydro, Heat, Laundry(Same floor next to the apt), Water/Sewer, party room, indoor pool, gym, tennis court, sauna, games room and a tuck-shop. Underground Parking P2#197 and Locker P1#13. (id:35885)

2 Bedroom 1 Bathroom
For sale
$665,000
38 MAYFORD AVENUE, ottawa, Ontario

38 Mayford Avenue

Ottawa, Ontario

Opportunity Awaits. Home has an absolutely fantastic layout, but requires TLC. For a homeowner willing to put the work in, there is opportunity here!! Want an Open Concept living/dining/kitchen with Soaring ceilings and Hardwood floors? What about a primary bedroom with ensuite and walk-in closet? Looking for 3 full bathrooms or a giant lower level recreation room? It's all here, and it's in a great, quiet, neighbourhood close to parks and walking paths. There's inside entry from the garage and main floor laundry. Lower level has 2 more bedrooms (pls take jog into consideration re: second basement bedroom dimensions) and lots of storage space. Come see this property with an open mind! Seller does not warrant any aspect of the property. Offers presented July 9 at 2:00 pm and 24 hours irrevocable required. (id:35885)

4 Bedroom 3 Bathroom
For sale
$499,900
117 JUNIPER DRIVE, perth, Ontario

117 Juniper Drive

Perth, Ontario

Excellent lot for year round residence on Adam Lake. If you know Adam Lake you know why this lot offers a unique opportunity, Adam Lake offers access to the entire Rideau lakes system from a sheltered perspective. This lot rises gently from waterfront to the road. (id:35885)

For sale
$499,900
117 JUNIPER DRIVE, perth, Ontario

117 Juniper Drive

Perth, Ontario

Great lot with great waterfront! Cottage could be ressucitated if you are looking for seasonal dwelling but it would be a big job, a major renovation is required. Excellent location for a year round dwellling, the lot rises gently from the shore to the road. Adam Lake offers unique access to the Rideau Lakes System take to to investigate the lake if you are not familiar. (id:35885)

3 Bedroom 1 Bathroom
For sale
$724,990
500 FLAGSTAFF DRIVE, ottawa, Ontario

500 Flagstaff Drive

Ottawa, Ontario

Welcome to a contemporary townhouse situated in the peaceful suburbs of Half Moon Bay. This generously sized home features modern design elements, including large windows that fill the space with abundant natural light. The open-plan living areas include a sleek kitchen with high-end appliances and luxurious finishes throughout. With multiple bedrooms, ample storage, and a fully fenced private backyard, this corner unit townhouse offers the perfect blend of comfort and modern convenience. Experience the tranquility of suburban living with easy access to amenities and green spaces, making it an ideal retreat for families or professionals looking for a serene lifestyle.24 hours irrevocable on all offers (id:35885)

4 Bedroom 3 Bathroom
For rent
$3,000 Monthly
25 NEWHAVEN STREET UNIT#B, ottawa, Ontario

25 Newhaven Street Unit#b

Ottawa, Ontario

FULLY RENOVATED Lower unit in a Beautiful all-brick bungalow on oversized landscaped lot , large bright new huge kitchen "all St/St appliances are new" with quartz countertop.. Bright living and eating area with . Good sized 4 bedroom , the primary bedroom with ENSUITE 3 piece Bathroom + 3 other bedrooms along with a 3-piece main bathroom . new Laundry unit , 1 surface parking spots. GREAT LOCATION ,5 min. to Algonquin college and College Square mall . Quiet family friendly neighborhood close to high ranked schools and playgrounds. Water and Gas are included in rent . (Rental application, credit report, letter of employment +Photo ID + three current pay stubs) . "No Smoking, no pets (id:35885)

4 Bedroom 2 Bathroom
For rent
$2,795 Monthly
2012 AZALEA LANE, ottawa, Ontario

2012 Azalea Lane

Ottawa, Ontario

Welcome to 2012 Azalea Lane! Stunning 3+1 bedroom home in Orleans, conveniently located near numerous walking trails, parks, and amenities! The main living area boasts gleaming hardwood floors and a spacious galley-style kitchen that opens to a fully fenced, private backyard. The upper level features a large den/living space with a gas fireplace and three generous bedrooms, including a primary suite with an ensuite bathroom and deep soaker tub. The lower level, with its laminate flooring, has been previously used as a bedroom and includes its own ensuite bathroom. Lawn care and snow removal are managed by the landlord. The hot tub has not been used in three years, and the landlord does not guarantee its functionality. If the tenant wishes to use the hot tub, they will be responsible for its maintenance. Applications must include full credit reports, proof of income, and government-issued IDs. (id:35885)

4 Bedroom 4 Bathroom
For sale
$379,000
282 COUNTY 44 ROAD, kemptville, Ontario

282 County 44 Road

Kemptville, Ontario

Great starter home , investment property or retirement home. 3 bedroom, 1 bathroom bungalow in excellent location on paved county road. Walk to the North Grenville Municipal Centre, bowling alley, 2 golf courses & Kemptville Mall. Short drive to Colonnade Mall with Walmart, Canadian Tire & more, downtown, local schools & Churches. Easy commute to Ottawa via Hwy. #416 - only 25 minutes to Bayshore. Quick occupancy. Property currently used as a residential property but zoning C3 Highway Commercial offers potential future possibilities. (id:35885)

3 Bedroom 1 Bathroom
For rent
$3,000 Monthly
560 RIDEAU STREET UNIT#106, ottawa, Ontario

560 Rideau Street Unit#106

Ottawa, Ontario

Welcome to The Charlotte! Ideally located, walking distance to restaurants, shops, parks and transit. Designed for relaxation after a full day at the office or work from home environment. A spacious, open-concept living complete with a primary suite with a spa like ensuite, an additional bedroom flooded with natural light and full-sized den! The terrace is the largest one in the building, great for BBQ's with friends or quiet afternoons enjoying your favourite book. The parking space is ideally located right beside the elevator! The building offers a fantastic range of amenities: rooftop pool, fitness centre, pet wash station, guest suite, outdoor terrace, fire pit, bike maintenance area, games room, party room w/bar! (incl in lease: 1 underground parking & storage locker) (id:35885)

2 Bedroom 2 Bathroom
For sale
$715,000
1041 BALLYHALE HEIGHTS, ottawa, Ontario

1041 Ballyhale Heights

Ottawa, Ontario

Beautiful end unit! This 4 bedroom/4 bath/private office and finished basement is beautifully maintained & move-in condition. Gorgeous layout w beautiful upgrades throughout, large windows offering loads of natural light. Ideal for entertaining family & friends. Open concept gourmet kitchen w dining room & inviting living room w gas fireplace. Gourmet kitchen offers high-end stainless steel appliances, quartz countertops. The patio door offers access to a private backyard. Private office on the main level with large windows. The 2nd level offers a spacious primary bedroom with ensuite and walk-in closet & natural light. The other 3 bedrooms are generously sized, and with a full bath. Laundry on 2nd level. Finished basement w partial bathroom. Attached car garage & driveway for one car. Unbeatable family oriented location! Close to amenities, access to transit/highway, hospitals, downtown. Pet & smoke free. More photos & video will be posted on Monday. (id:35885)

4 Bedroom 4 Bathroom
For rent
$2,450 Monthly
226 TUSSOCK PRIVATE, ottawa, Ontario

226 Tussock Private

Ottawa, Ontario

Imagine coming home to this newly built end-unit townhome on a quiet private street facing a beautiful natural forest. Available for September occupancy, this 2 bed 2 bath home will not be available for long! This home features modern designs and upgrades throughout including hardwood on Main Floor, a Modern Open Kitchen layout, all stainless steel appliances, Quartz countertops throughout, Zebra Blinds Treatment throughout, Central A/C and Heating, plenty of storage and a large walk-in closet in primary bedroom. Located close to all amenities including Groceries, Parks and Recreation Centres, Airport, Schools and Nature Trails. (id:35885)

2 Bedroom 2 Bathroom
For sale
$735,000
2103 GARDENWAY DRIVE, ottawa, Ontario

2103 Gardenway Drive

Ottawa, Ontario

Discover this beauty! 2-storey home with a double car garage, nestled in the family-friendly neighborhood of Fallingbrook. The spacious, open-concept layout features 4 bedrooms on the second level and 2 bonus rooms in the basement. The main floor boasts gleaming hardwood floors and two living/family areas separated by a cozy fireplace. There’s also a dining area perfect for family gatherings. Enjoy the sun-filled kitchen with picturesque views of your backyard! Upstairs, the expansive primary suite includes a generous walk-in closet and a luxurious 4-piece ensuite with a soaker tub. Additionally, there are three other well-sized bedrooms. The large finished basement, updated with new vinyl plank flooring in 2022, offers ample space for your needs. Located in the heart of Orleans, this home provides everything you need at your fingertips – top-rated schools, parks, dining, and shopping. Offer date: 6pm on July 9. Seller has the right to review/accept pre-emptive offer. (id:35885)

4 Bedroom 3 Bathroom
For rent
$2,050 Monthly
456 KING EDWARD AVENUE UNIT#301, ottawa, Ontario

456 King Edward Avenue Unit#301

Ottawa, Ontario

Spacious two bedroom apartment in quiet, newer building in the heart of it all! Minutes from every amenity you could want and steps to the University of Ottawa. This unit features in-suite laundry, hardwood flooring, granite counters, a storage locker and rooftop patio. 48hr irrevocable on all offers as landlord is out of country. Schedule B to accompany all offers. Full rental application, letter of employment/copy of contract, credit report and ID required. No exceptions. Minimum one (1) year lease. (id:35885)

2 Bedroom 1 Bathroom
For sale
$849,900
11 LAURENTIDE ROAD, nepean, Ontario

11 Laurentide Road

Nepean, Ontario

"A beautiful community is a portrait of the people who live there" - Unknown. If you know Lynwood Village, you will understand this sentiment. If you are not familiar with Lynwood Village, allow me to enlighten you... Designed and built by the late Bill Teron, Lynwood Village exemplifies the postwar visionary's idea of community. Lynwood, comprised of wide streets, elegantly simple mid-century modern homes, and a mature landscape, is today what it was intended to be in the late 1950s... A vibrant community where families live and build strong values for the next generation. The sturdy bungalow we are presenting to you is a reflection of the builder's idea. This Teron "Oxford" model is a testament to a visionary plan. The same values that inspired this community live on today. 4 Bedrooms, 3 Bathrooms, a spacious floor plan, a rare 2 car garage and opportunities to "make it your own" are what this home has to offer. 24-hour irrevocable on offers. Some images are digitally staged 😉 (id:35885)

4 Bedroom 3 Bathroom
For rent
$2,895 Monthly
24 MACLEAN STREET, ottawa, Ontario

24 Maclean Street

Ottawa, Ontario

FREEHOLD townhome in the heart of the city. Close to Dow's Lake, Glebe, Little Italy, Dept of Natural Resources & Health Canada. Walking distance to LRT and Carleton University! Loads of upgrades: quartz counters, new backsplash, faucet, sink & new stainless steel appliances in kitchen, quartz counters in both baths, new carpets in the lower and upper level, California shutters and new lighting/pot lights thru-out. High eff furnace '17, Aluminum deck '15, GAF 50yr Roof Shingle '14, Oversized garage w/ insulated door '18. CENTRALLY LOCATED, RARELY OFFERED & MOVE-IN READY (id:35885)

3 Bedroom 2 Bathroom
For sale
$379,900
300 LISGAR STREET UNIT#605, ottawa, Ontario

300 Lisgar Street Unit#605

Ottawa, Ontario

Luxury 1-bedroom plus den (can be the second bedroom) condo at Soho Lisgar - a hotel-inspired building located in the heart of downtown Ottawa! This south-facing unit offers a Spanning 719 sq ft, stunning views and features hardwood floors throughout! The open-concept living, dining, and kitchen area boasts a large island and top-of-the-line appliances, ideal for modern living and entertaining. Enjoy the convenience of a balcony. Soho Lisgar provides exceptional amenities including a 24-seat theatre, well-equipped GYM, a party room with a gourmet kitchen, an outdoor terrace with BBQ & fireplace, a pool, a hot tub and security. Central location with easy access to Parliament, shops, restaurants, LRT station and all downtown amenities. Experience the ultimate downtown living at Soho Lisgar! (id:35885)

1 Bedroom 1 Bathroom
For rent
$1,870 Monthly
600 MOUNTAINEER PRIVATE UNIT#118, ottawa, Ontario

600 Mountaineer Private Unit#118

Ottawa, Ontario

Nestled in a prime central location near the Ottawa General, CHEO and shopping centres, our luxury rental building offers and unparalleled lifestyle. Enjoy easy access to public transportation and the Queensway, while indulging in the amazing features and amenities. Relax and socialize on the roof-top terrace, perfect for sunbathing and relaxing, prepare a favorite BBQ recipe at the outdoor dining and BBQ area. Stay active in the fitness centre and yoga room, unwind in the lounge area or find inspiration in the dedicated co-working space. Stainless steel appliances, in-suite laundry, Bell Fibe internet, window coverings and storage lockers are all included. Underground parking spot can be included for $170 per month. Some photos are for illustration purposes only and floorplan may vary slightly. (id:35885)

1 Bedroom 1 Bathroom
For rent
$1,830 Monthly
600 MOUNTAINEER PRIVATE UNIT#116, ottawa, Ontario

600 Mountaineer Private Unit#116

Ottawa, Ontario

Nestled in a prime central location near the Ottawa General, CHEO and shopping centres, our luxury rental building offers and unparalleled lifestyle. Enjoy easy access to public transportation and the Queensway, while indulging in the amazing features and amenities. Relax and socialize on the roof-top terrace, perfect for sunbathing and relaxing, prepare a favorite BBQ recipe at the outdoor dining and BBQ area. Stay active in the fitness centre and yoga room, unwind in the lounge area or find inspiration in the dedicated co-working space. Stainless steel appliances, in-suite laundry, Bell Fibe internet, window coverings and storage lockers are all included. Underground parking spot can be included for $170 per month. Some photos are for illustration purposes only and floorplan may vary slightly. (id:35885)

1 Bedroom 1 Bathroom
For rent
$1,880 Monthly
600 MOUNTAINEER PRIVATE UNIT#318, ottawa, Ontario

600 Mountaineer Private Unit#318

Ottawa, Ontario

Nestled in a prime central location near the Ottawa General, CHEO and shopping centres, our luxury rental building offers and unparalleled lifestyle. Enjoy easy access to public transportation and the Queensway, while indulging in the amazing features and amenities. Relax and socialize on the roof-top terrace, perfect for sunbathing and relaxing, prepare a favorite BBQ recipe at the outdoor dining and BBQ area. Stay active in the fitness centre and yoga room, unwind in the lounge area or find inspiration in the dedicated co-working space. Stainless steel appliances, in-suite laundry, Bell Fibe internet, window coverings and storage lockers are all included. Underground parking spot can be included for $170 per month. Some photos are for illustration purposes only and floorplan may vary slightly. (id:35885)

1 Bedroom 1 Bathroom
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Ottawa Real Estate Market news Feb 2023 – Kanata Real Estate Market news Feb 2023 – Join our newsletter

February 2023 – Resale Market Starts Slow as Buyers Remain Cautious

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*:

  • The average sale price for a condominium-class property in January was $412,244, a decrease of 8% from 2022.
  • The average sale price for a freehold-class property was $676,272, decreasing 12% from a year ago.

“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:

  • Months of Inventory for the freehold-class properties has increased to 3.8 months from 0.9 months in January 2022.
  • Months of Inventory for condominium-class properties has increased to 3.8 months from 0.8 months in January 2022.
  • January’s new listings (1,324) were 16% higher than 2022 (1,142) and up 89% from December 2022 (699). The 5-year average for new listings in January is 1,233.

“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

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October 2022 – Ottawa real estate market price – Slow down or stall – OTHAWA HOMES FOR SALE

 

Ottawa Real Estate News 21st October 2022 – Market slows to 0.5% per month.

Ottawa Average Home prices was up from Nov 2021 to Oct 2022 by 9.4% more, this past month shows 0.5% increase. Average price $703,000 on a residential freehold property and Condos show $425,000.

Join my Newsletter to get these market figures and monthly updates sent to you by email.

 

Free Home Evaluation, Ottawa Homes for Sale – Know your price before you sell. 

 

This chart shows the Ottawa area states of sold prices.

 

Average Prices per week

Listed prices vs SOLD Prices

Free Home Evaluation – Ottawa Homes for Sale

Know your price before you sell.

JUST SOLD

 

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The Question this week in Ottawa – Kanata real estate – Ottawa Real Estate News – March 13 2021 – Ottawa homes for Sale – Latest News in Ottawa Real Estate

OTTAWA Homes for Sale – March 13, 2021

  • The Question this week in Kanata real estate – Ottawa real estate.

  • How can I make a lot of money in real estate?

    I received this question just the other day, and really  got taken by it. Yes I had the answer, but never really put it into these words. My simple answer to this young man was “ Start buying real estate early” you need to get into the market and stay in it. That way you learn and earn as you go.

  • The money trick to Real Estate “ How can I make a lot of money in real estate.. Answer is simple : (Time = value in Real Estate.) Kanata Real Estate and Ottawa Real Estate are now seeing +31% yearly since Feb 2021. I don’t think anyone can save such funds with a job, savings in a bank vs as in a property.

  • So if you are looking at buying a home, or a condo, or thinking of starting to invest in rental properties, in KANATA or OTTAWA real estate market. You should sit with me, so we can go over your options available.

  • My free 30 minutes advise session will give you the answers and will included a Free pdf booklet:

  • Step by step “Buying your first home” in Kanata or Ottawa.

  • 10 steps you should follow when investing in Real Estate and plan to retire at 55.

  • Step by step real estate investment guide.

  • Real estate getting started “ leveraging” and why this works.

  • No fees for buyers !

  • Have more questions in Kanata Real Estate or Ottawa Real Estate shoot me an email.

  • Your local Kanata and Ottawa homes for sale expert.

  • As Always: here to help, always talking Real estate, always loving real estate.

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Ottawa Real Estate News – Feb 16th 2021 – Ottawa homes for Sale – Latest News in Ottawa Real Estate

Ottawa Real Estate News – Feb 16th 2021 – Ottawa homes for Sale – Latest News in Ottawa Real Estate – OTTAWA HOMES FOR SALE

Prices in Residential went up +31.2% from last January 2020 to January 2021…get the answers from me. Guidance Selling and Buying Real Estate.

 

 

 Source: Our Ottawa Real Estate board

REPORT:  Feb 16 2021

Average Prices and Changes

All Real Estate types of properties in Kanata -Ottawa-Orleans. See this next chart on what’s happening to Residential vs other types.

Price ranges Sold and yearly changes

 

We still have low inventory – it’s a great time to sell


My information and research is based on the CREA and OREB stats and charts for this month.

 

Pent-up Buyer Demand Drives January’s 2021 Resale Market!

OTTAWA, February 3, 2021 – Members of the Ottawa Real Estate Board sold 964 residential properties in January through the Board’s Multiple Listing Service® System, compared with 778 in January 2020, an increase of 24 per cent. January’s sales included 674 in the residential-property class, up 21 per cent from a year ago, and 290 in the condominium-property category, an increase of 31 per cent from January 2020. The five-year average for total unit sales in January is 786.
“Pent-up Buyer demand fueled the exceptional number of sales that took place in January even as the mid-month lockdown further restricted supply. Earlier in the month, listing activity increased, likely driven by those Sellers waiting until after the holiday season to put their properties on the market.

However, once the Stay-at-Home Order was announced, Sellers pulled back (rightfully so) and the number of properties entering the market declined,” states Ottawa Real Estate Board President Debra Wright.
“Even though inventory is up from last month, it is still down substantially from last year at this time with 43% fewer properties on the market. This inventory shortage coupled with strong demand triggered a brisk pace to the market. We would have certainly seen higher sales numbers if there were more properties available because the demand is definitely there.”

January’s average sale price for a condominium-class property was $380,336, an increase of 13 per cent from last year, while the average sale price of a residential-class property was $677,197, an increase of 31 per cent from a year ago. Compared to December, the average price for residential-class properties has increased by 12 per cent, and the average price for condominium-class units is 7 per cent higher.* range, while last year at this time, there were only 16 transactions. Sustained price movements are better reflected during the mid to latter part of the year, where trends begin to emerge, and comparisons can be drawn,” advises Wright. “This leads me into my next point – market activity has curtailed, there is no question about that, with January resale numbers lower than what we saw in December. But the effects of this second lockdown will not be entirely measurable until the coming months, dependent on when the mandated Stay- at-Home Order is retracted. If the lockdown is extended, that could affect the market in the longer term; however, as we saw last year, the market was resilient throughout and is being driven by the needs of Buyers and Sellers,” Wright concludes.

In addition to residential sales, OREB Members assisted clients with renting 333 properties in January 2021 compared with 243 in January 2020.
* The Board 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 and conditions will vary from neighbourhood to neighbourhood. “I would like to caution those looking at the increase in average prices this month and believing that property values are accelerating at an extreme pace. In January, there was considerable movement in the upper end of the market, which caused a bit of an anomalous outcome in average price percentages. For example, there were 63 sales in the $1M+ price

 

OTTAWA HOMES FOR SALE

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KANATA homes for sale – OTTAWA homes for sale – real estate news Feb 5th 2021

Lets look at the Kanata Real Estate market details. A full recap of the market : Kanata and Ottawa.

Prices up +20.6% —-Is it’s a bubble? Lets look at the inventory levels to understand why this is happening.

 

Ottawa’s Resale Market Thrives in December 2020 Despite Pandemic” +32.4% increase in units sold and +14.9% increase in price for a 2 storey home. Overall, Residential prices went up a +20.6% increase from November 2020. 

OTTAWA REAL ESTATE NEWS-  Here is my report and views of the current real estate market values in Ottawa, Kanata and to Orleans.

 


You may ask..why is the market so high? The simple answer is. We have low inventory! It’s been dropping since 2015 as you can see on this chart from CREA.

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Ottawa’s REAL ESTATE Resale Market News and updates January 13th 2021.

Members of the Ottawa Real Estate Board (OREB) sold 1,002 residential properties in December through the Board’s Multiple Listing Service® System, compared with 757 in December 2019, an increase of 32.4 per cent. December’s sales included 710 in the residential property class, up 33.7 per cent from a year ago, and 292 in the condominium property class, an increase of 29.2 per cent from December 2019. The five-year average for total residential unit sales in December is 779.

“Our market performance in December capped off a year for resales that clearly shows a market that continued to thrive even through the challenges of 2020. December sales brought our year-to-date numbers at year-end to within 2% of 2019. There was a slight slowdown typical of December around the holiday season; however, the market continued its overall momentum and remained more active than usual,” states Ottawa Real Estate Board’s 2021 President Debra Wright.

“At the start of the pandemic, we didn’t know what to expect. We had a momentary stall as did most businesses; however, once real estate was deemed to be an essential service, REALTORS® worked with Buyers and Sellers to ensure safety in the process, and the market picked back up and accelerated past all expectations throughout the remainder of the year.”

The total number of residential and condo units sold throughout 2020 was 18,971, compared with 18,613 in 2019, increasing 2 per cent. Residential property class unit sales went up by 3 per cent, with 14,455 properties exchanging hands last year compared to 14,030 in 2019. Condominium property class sales decreased slightly by 1.5 per cent, with 4,516 units sold in 2020 versus 4,583 in the previous year.

December’s average sale price for a condominium-class property was $355,982, an increase of 14.4 per cent from a year ago, while the average sale price of a residential-class property was $603,880, an increase of 20.6 per cent from December 2019. Year-end figures show an average sale price of $582,267 for residential-class properties and $361,337 for condominium units in 2020. These values represent a 20 per cent and 19 percent increase over 2019, respectively.*

“When analyzing the year-end figures, what clearly stood out was that although the number of units sold was only slightly higher than last year, the Total Sales Volume topped a record-breaking $10 billion compared to $8.2 billion at the end of 2019. This is, in effect, a stark illustration of the increase in Ottawa property values over the course of the year. For example, in 2019, 35% of properties purchased were sold at or below $400K, while in 2020, only 16% of homes were. The market is certainly exhibiting a major shift in terms of availability in lower price ranges,” Wright points out.

“At the end of 2020, average prices increased by 19-20% over this time last year. In 2019, we saw a 9% overall increase for both residential and condo properties compared to 3-5% in 2018 and 3-7% in 2017. These substantive increases in property prices from year to year can be attributed to a variety of factors: the inventory shortage triggering economic supply and demand realities, the multiple-offer phenomena, the record-low mortgage rates increasing purchasing power of Buyers, migration of Buyers from larger markets with high returns to spend, and so forth.”

“I believe that Ottawa is just coming into its own as a national capital city. As such, it is resilient and sheltered in a way that other markets are not – with consistent government and tech sector employment that is particularly conducive to working from home as our current circumstances have required. We may have been privileged with lower price thresholds in previous decades, but perhaps the market is now beginning to reflect the real estate property values of a national capital.”

“Going forward, I fully expect Ottawa’s resale market will continue to be robust in 2021. There are no indicators to suggest that this is an overheated market – it is simply very active, insulated, and strong. One that has only been mildly shaken by a world-wide pandemic,” Wright concludes.

* The Board 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 and conditions will vary from neighbourhood to neighbourhood.

 

Source:

 The Ottawa Real Estate Board

 

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OTTAWA HOMES FOR SALE 13 Jan 2021

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KANATA HOMES FOR SALE – OTTAWA HOMES FOR SALE. – MARKET REPORT JAN 26TH 2021

Kanata Homes for Sale – Ottawa Home prices –

Listen to our full market video report for January 26th 2021 – Kanata Home Prices – Ottawa Home prices update.

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HOMES FOR SALE IN KANATA

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KANATA HOMES FOR SALE – MARKET REPORT JAN 26TH 2021

Kanata Homes for Sale, listen to our full market report for January 26th 2021 – Kanata Home Prices

 

 

 

HOMES FOR SALE IN KANATA

HOMES FOR SALE IN OTTAWA

KANATA HOMES FOR SALE

KANATA HOME PRICES

KANATA HOME REPORTS

KANATA HOME PRICES FOR 2021

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KANATA DETACHED HOMES PRICES

KANATA REAL ESTATE MARKET PRICES

2021 KANAT HOME PRICES