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Prices in Ottawa’s housing market continued to climb throughout 2021, resulting in sharp year-over-year cost comparison.
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Ottawa Real Estate Board
Residential-class home prices jump 17% in February despite more inventory: OREB
Ottawa Real Estate Board president Penny Torontow said “unrelenting high demand” for housing is driving up prices despite the bump in supply.
Housing starts dip slightly in January, CMHC says
Developers launched 640 new builds last month, agency says, down three per cent from the 661 starts recorded in January 2021.
Million-dollar threshold no barrier as high-end home sales surge, OREB says
Detached home sales topping the million-dollar mark accounted for 14 per cent of local transactions in January – up substantially from 2020, when they made
Record year for Ottawa home sales as $13 billion in sales posted
Members of the Ottawa Real Estate Board sold 862 residential properties in December, compared with 997 in December 2020, a decrease of 14 per cent.
Current housing supply shortage ‘not sustainable,’ OREB president warns
The average residential-class home sold for $716,992 last month, up from just over $600,000 a year earlier, the Ottawa Real Estate Board said Friday.
Ottawa house prices expected to rise 5% in 2022, Re/Max says
Firm predicts the city’s housing inventory will grow slightly in the year ahead but says “low levels are expected to remain a concern.”
Rental surge could be factor in housing supply crunch, OREB says
Board president suggests owners of rental properties who might have put them on the resale market in the past are retaining homes and condos “for
Investment opportunities in Ottawa’s commercial real estate market
While Ottawa has maintained its status as a safe city for commercial investment, the COVID-19 pandemic has changed the way investors think about commercial properties
No relief in sight for homebuyers facing supply crunch: OREB
Purchasers were hit with double-digit price increases in September despite a drop in sales compared with a year earlier.
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