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Residential Resale Market: A Tale of Two May Lockdowns

Members of the Ottawa Real Estate Board sold 2,296 residential properties in May through the Board’s Multiple Listing Service® System, compared with 1,342 in May 2020, an increase of 71 per cent. May’s sales included 1,779 in the residential-property class, up 67 per cent from a year ago, and 517 in the condominium-property category, an increase of 85 per cent from May 2020. The five-year average for total unit sales in May is 2,123.

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.

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