Oct 15, 2019
low inventory seen in the summer,
September 2019 residential property sales remained strong as home buyers are able
to find properties that meet their needs and wants. Throughout the month, 1,549 residential properties were sold, an increase of 11.8% compared to last year. Of these sales, 1,113 were residential homes and 436 were condos.
Dwight Delahunt, President of the Ottawa Real Estate Board, advises consulting a real estate agent because of the current market's accelerated home buying and selling process. For home buyers and sellers, it's important to be ready to make a decision and to act quickly.
states: “Now that condominium prices have recovered, we see condo sellers
jumping back into the market to take advantage of that, and as a result, condo
sales have been very robust and have again led the way in September’s unit
also makes note of the fact that while a federal election tends to slow down
the market, this hasn’t happened so far. Delahunt states that this “suggests
that consumers are highly confident in our local economy and the Ottawa real
news release: Fall Market
expected that the fall season will continue to be busy for buyers and sellers
in the Ottawa real estate market. With recovered prices, more condos will be
developed - many of which are likely to be near the Confederation
Line or in one of Ottawa's up-and-coming neighbourhoods.
Ready to find your perfect home? Set up a personalized property search and be the
first to know when the listing is available.
Homicity helps you find your dream home in the perfect community. Whether you are buying, renting, or selling, you can navigate the Canadian real estate market with confidence with our expert advice, market news, and recommendations powered by AI.
Please login to leave a comment
Don't have an account?