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Ottawa Resale Market Stalls in August, Supply Challenges Persist
Members of the Ottawa Real Estate Board (OREB) sold 1,196 residential properties in August through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,130 in August 2022, an increase of 6%. August’s sales included 903 in the freehold-property class, up 7% from a year ago, and 293 in the condominium-property category, a 2% increase from August 2022. The five-year average for total unit sales in August is 1,525.
Industry News
Ottawa Real Estate Board Statement on the 2023 Federal Budget
Housing, and the challenges faced by Canadians with respect to housing, has been a major theme in headlines across the country for a number of years. REALTORS® of the Ottawa Real Estate Board (OREB) and throughout Canada have long been advocating for measures to alleviate what was a growing concern — the housing supply shortage.
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