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The Resale Market Settles Back to a Typical August
Members of the Ottawa Real Estate Board sold 1,572 residential properties in August through the Board’s Multiple Listing Service® System, compared with 2,006 in August 2020, a decrease of 22 per cent. August’s sales included 1,175 in the residential-property class, down 25 per cent from a year ago, and 397 in the condominium-property category, a decrease of 9 per cent from August 2020. The five-year average for total unit sales in August is 1,684.
Industry News
Ottawa REALTORS® Urge Municipal Leaders to Address Senior Housing Issues
The findings in newly released surveys of Ottawa residents and REALTORS® affirm the urgent need for municipal policies to address the increasing demand for a range of affordable and attainable housing options for the elderly residents of our City within the next five years. The Ottawa Real Estate Board (OREB) recently collaborated with the Ontario Real Estate Association (OREA) and Nanos Research to conduct this public research. In addition to views on the current housing market’s challenges, the surveys also sought to assess the necessity of creating additional housing options for seniors.
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