CREA reports home sales in typically busy September continued to slow
Compared with a year ago, home sales in September were down 32.2 per cent and about 12 per cent below the pre-pandemic 10-year average for
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Residential
A total of 2,969 condos changed hands in the capital between January and the end of August, down from 3,577 in the same period in
Ottawa home sales plummet 33% in September as rising interest rates push buyers to sidelines: OREB
Members of the Ottawa Real Estate Board sold 1,080 residential properties last month, down from 1,601 in September 2021 and 31 per cent below the
To build or not to build? Highrise developers rethink projects in face of soaring costs
Firms say a number of factors – including soaring inflation, rising interest rates and new city fees – are causing them to re-evaluate plans for
Veteran finance executive Julie Morin stepping down as CFO of Minto Apartment REIT
Ottawa’s 2020 CFO of the Year, who helped guide the REIT through a $230-million IPO in 2018, will retain her other role as chief financial
Ottawa home prices expected to decrease two per cent this fall, Re/Max says
The average price of a residential property in the capital was $550,933.75 at the end of August, down 1.1 per cent from a year earlier,
Regional housing starts up year-over-year in August, but annual pace declines, CMHC says
Builders in Ottawa-Gatineau started work on 1,374 new housing units last month, well off the all-time monthly high of 2,130 starts set in July.
CMHC reports annual rate of housing starts in August down from July
The national housing agency says the seasonally adjusted annual rate of housing starts in August was 267,443 units, down three per cent from 275,158 in
CREA lowers expectations for home sales and price growth for 2022
In its latest housing market outlook released Thursday, the association said it expects 532,545 properties to trade hands via Canadian MLS systems this year.
Recent bump in Ottawa’s resale housing inventory ‘artificial,’ veteran realtor says
“Eventually, interest rates will go back down, and then people are going to (scramble) trying to buy everything up,” Paul Rushforth predicts, adding city could
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