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Balanced but Softening: Ottawa Housing Market Shifts Toward Higher Supply
Ottawa eased into a slower market rhythm in November, shaped by early winter weather and a cautious economic environment. Sales declined from October and fell below November 2024 levels. Although active listings dipped month over month, months of inventory (MOI) rose again after tightening earlier in the fall. The market remained broadly balanced, but the
Industry News
OREB Statement on New Build Canada Homes and City of Ottawa Partnership
The Ottawa Real Estate Board (OREB) welcomes the federal government’s new housing partnership with the City of Ottawa, announced today under the Build Canada Homes program. The $400-million joint investment will deliver up to 3,000 mixed-income and affordable units, including 2,000 homes on federal lands supported by modern building methods, faster approvals and innovative financing.
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