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Resale Market’s Adjustment and Correction Continues
Members of the Ottawa Real Estate Board sold 987 residential properties in October through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,670 in October 2021, a decrease of 41%. October’s sales included 758 in the residential-property class, down 40% from a year ago, and 229 in the condominium-property category, a decrease of 44% from October 2021. The five-year average for total unit sales in October is 1,554.
A Message from Penny Torontow, President, Ottawa Real Estate Board
People place a significant amount of trust in REALTORS® during the homebuying process. It’s the largest purchase a person will make and an essential need: a home. I, along with all my colleagues at the Ottawa Real Estate Board (OREB), am angered and disheartened by the behaviour portrayed on CBC Marketplace of real estate agents engaging in mortgage fraud. Without question, this behaviour is unacceptable.
REALTORS Care® Foundation Grants
Every year, OREB Members raise funds for the Ontario REALTORS Care® Foundation to help shelter-related charities in the Ottawa area.
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Please visit this page to see a list of FAQs. For more in depth answers to your most pressing questions, we recommend talking to a REALTOR®.
Here’s a list of real estate website links that may be helpful throughout your real estate purchase.
Try our mortgage calculator and our land transfer tax calculator.