Ottawa Real Estate Board

The blistering pace of home sales in the capital slowed a bit in November ​– but not because of any dampening in demand, according to the Ottawa Real Estate Board
Ottawa realtors are selling more homes – and more quickly – so far in 2018
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For commercial REALTOR®️ Geoff Godding, the reason for joining the Ottawa Real Estate Board (OREB) was simple – it boosted his business.
Ottawa’s low rental vacancy rate, coupled with a strong labour market, is pushing more residents into the housing market and increasing demand.
Stalled condominium projects could move forward if market conditions persist, industry observer says.
Realtors cite 'surge' in rural sales, hot condo market
The number of single-family homes priced below $300,000 in the nation’s capital has plummeted in 2018, the Ottawa Real Estate Board said in a report this week
Average sale price reached $464,401 last month, an increase of 6.3% over May 2017 and an all-time high.
Members of the Ottawa Real Estate Board sold 2,032 residential properties last month, an increase of 13.6 per cent year-over-year.
Homes are spending an average of 43 days on the market, down from 54 days in March 2017.