A Normal September Resale Market
Members of the Ottawa Real Estate Board sold 1,607 residential properties in September through the Board’s Multiple Listing Service® System, compared with 2,314 in September 2020, a decrease of 31 per cent. September’s sales included 1,244 in the residential-property class, down 29 per cent from a year ago, and 363 in the condominium-property category, a decrease of 36 per cent from September 2020. The five-year average for total unit sales in September is 1,648.
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.