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Resale Market Stabilizes in February with a Glimmer of Hope for Buyers and Sellers Alike!

Members of the Ottawa Real Estate Board (OREB) sold 855 residential properties in February through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,411 in February 2022, a decrease of 39%. February’s sales included 633 in the freehold-property class, down 42% from a year ago, and 222 in the condominium-property category, a decrease of 31% from February 2022. The five-year average for total unit sales in February is 1,157.

Industry News

Ottawa Real Estate Board’s 2023 President and Board of Directors

Members of the Ottawa Real Estate Board (OREB) are welcoming a new Board of Directors slate who have been elected to represent more than 3,900 REALTORS® for 2023. The new board will be comprised of 2023 President Ken Dekker, Past President Penny Torontow, President-Elect Curtis Fillier, and Vice-President Paul Czan. Joining them are directors Fred Crouch, Tami Eades, Laura Finlay, Eric Kalbfleisch, Michael Lewicki, Tony McDermott, Jake Prescott, Matt Richling and Ralph Shaw.