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Pent-up Buyer Demand Drives January’s Resale Market

Members of the Ottawa Real Estate Board sold 964 residential properties in January through the Board’s Multiple Listing Service® System, compared with 778 in January 2020, an increase of 24 per cent. January’s sales included 674 in the residential-property class, up 21 per cent from a year ago, and 290 in the condominium-property category, an increase of 31 per cent from January 2020. The five-year average for total unit sales in January is 786.

Industry News

Ottawa REALTORS® Give $77,359 to Shelter-Related Charities

Members of the Ottawa Real Estate Board (OREB) raised $77,359 for the Ontario REALTORS Care® Foundation in 2020 and provided grants to 22 shelter-related charities in Ottawa and the surrounding areas.