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January Resales Lose Momentum

Members of the Ottawa Real Estate Board sold 780 residential properties in January through the Board’s Multiple Listing Service® System, compared with 817 in January 2019, a decrease of 4.5 per cent. January’s sales included 558 in the residential-property class, down 8.4 per cent from a year ago, and 222 in the condominium-property category, an increase of 6.7 per cent from January 2019. The five-year average for January unit sales is 713.

Industry News

Ottawa REALTORS® Give $97,650 to Shelter-Related Charities

Members of the Ottawa Real Estate Board (OREB) raised $97,650 for the Ontario REALTORS Care® Foundation in 2019 and provided grants to 28 shelter-related charities in the Ottawa area. The funds were raised through the Board’s annual charity golf tournament and the “$2 per member per month” campaign.