Resale Market Stabilizes in February with a Glimmer of Hope for Buyers and Sellers Alike!
Members of the Ottawa Real Estate Board (OREB) sold 855 residential properties in February through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,411 in February 2022, a decrease of 39%. February’s sales included 633 in the freehold-property class, down 42% from a year ago, and 222 in the condominium-property category, a decrease of 31% from February 2022. The five-year average for total unit sales in February is 1,157.
Ottawa Real Estate Board’s 2023 President and Board of Directors
Members of the Ottawa Real Estate Board (OREB) are welcoming a new Board of Directors slate who have been elected to represent more than 3,900 REALTORS® for 2023. The new board will be comprised of 2023 President Ken Dekker, Past President Penny Torontow, President-Elect Curtis Fillier, and Vice-President Paul Czan. Joining them are directors Fred Crouch, Tami Eades, Laura Finlay, Eric Kalbfleisch, Michael Lewicki, Tony McDermott, Jake Prescott, Matt Richling and Ralph Shaw.