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Ottawa Real Estate Stats for May 2021

Residential Resale Market: A Tale of Two May Lockdowns

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.

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Margaret’s Testimonial

Dan was indefatigable in helping me find a home during the pandemic. As a detail-oriented first time home buyer, I especially appreciated his extensive knowledge of real estate, his balanced explanations of pros and cons of different houses, and his patience in explaining multiple aspects of the home buying process.

M.S.

OUTCAN Testimonial

We had Dan help us sell a place 3 years ago, and now buy one in the craziest seller’s market I’ve ever seen. I have highly recommended him to my colleagues for both buying and selling based on the critical value he added in decision making and timeliness. Dan will give logical inputs and great analytical support to the hard decisions that come with selling and buying a house and will give you great honest and data-driven feedback on your decisions. He also worked many hours over the Easter Weekend, even during his son’s 18th birthday, with immediate responses to any questions or queries we gave him no matter the time. Not only did we have to buy in a crazy seller’s market, but we also had to buy from a different province. Dan drove well out of the Ottawa area and gave us honest feedback with virtual showings, pointing out things most would skip. The trust we had in Dan allowed us to skillfully maneuver in the incredibly unfortunate situation and purchase a place at asking, while others were all paying hundreds of thousands of dollars over. They should have went with Dan at Ottawa Urban Realty!

RP and LP