First time home buyers have had a particularly hard time buying homes in the last two years due to the strong seller’s market. It can be more difficult for sure, but don’t give up!
Considering different housing options and locations, being prepared (bank/mortgage) and being decisive will help you be successful. I believe that even though we continue to be in a seller’s market, there are now more opportunities for buyers.
OTTAWA, June 3, 2021 – Members of the Ottawa Real Estate Board sold 2,296 residential properties in May through the Board’s Multiple Listing Service® System, compared with 1,342 in May 2020, an increase of 71 per cent. May’s sales included 1,779 in the residential-property class, up 67 per cent from a year ago, and 517 in the condominium-property category, an increase of 85 per cent from May 2020. The five-year average for total unit sales in May is 2,123.
I would suggest that homes with higher than average ceilings certainly do sell for more in most situations.
The Ottawa Real Estate Board released the April 2021 statistics. Some of these numbers should not be taken too far out of context.
Up, up and away. If can share additional stats if you like, message me are comment below. Are we are going to “pay” for this later?
Here is a quick overview of the statistics for home sales in Ottawa in January 2021:
2020 Year End Real Estate Stats
Dan discusses the current real estate market. Not from specific statistics, but from the feel of the way deals are coming together over the last month.
Here is a quick overview of the statistics for home sales in Ottawa in July 2020:
