Ottawa Real Estate Report

Last year started with an average selling price for detached single homes of $655,839.00 and ended with an average selling price of $704,900.00, a 2.7% yearly increase. Although it will take some time to see prices reaching the height of Spring 2022, it will happen. The debate is when.

Ottawa Real Estate Market Update: Summer 2023 As of July 31st, 2023, Ottawa’s average selling price for non-condominium homes was $754,188.00, a 5.1% increase over July 2022. This reflects an increase of 8.7% over 2022’s year end average sale price of $655,839. How does this compare to July of 2022? We are still experiencing a

Ottawa Real Estate Market Update: Spring 2023 As of April 30th, 2023, Ottawa’s average selling price for non-condominium homes was $747,123. This was an increase of 11.3% over 2022’s year end average sale price of $655,839. Why are we still hearing that resale home prices are down 15% or more when compared to 2022? Let’s

NEIGHBOURHOOD IN FOCUS: THE GLEBE One of Ottawa’s Most Historic Neighbourhoods The Glebe is one of the city’s most established and mature neighbourhoods, with the portion east of Bank Street dating back to the late 1890s. Homes range from a mixture of older, Tudor-style and red brick Victorian houses (some homes designed by prominent architects

NEIGHBOURHOOD IN FOCUS: LITTLE ITALY Great restaurants and so much more Little Italy has long provided great restaurants, a central avenue to the arboretum, tulip festival and experimental farm, but the growth seen over the past few years is highlighting more opportunity for homeowners. development strategy The City of Ottawa planning committee proposed an exciting

IS NOW A GOOD TIME TO BUY OR SELL A HOUSE IN OTTAWA? In April of 2022, Ottawa home prices had increased by 16% over April of 2021, which was a historical high. The federal government and the Bank of Canada decided to step in with the intention of making homes more affordable and combat