News Releases
Ottawa’s MLS® Market Making Headway
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,059 units in November 2024 — a slight dip down from the 1,179 units sold the month previous. Home sales were 3.1% below the five-year average and 0.5% below the 10-year average for the month of November. On
Eastern Ontario Real Estate Boards Tentatively Approve Integration
The Boards of Directors of the Ottawa Real Estate Board (OREB), Cornwall and District Real Estate Board (CDREB), Kingston and Area Real Estate Association (KAREA), Renfrew County Real Estate Board (RCREB), and Rideau-St. Lawrence Real Estate Board (RSLREB) are excited to announce the tentative approval of a groundbreaking integration. This initiative aims to unify over
Consumer Confidence Cautiously on the Rise in Ottawa Resale Market
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,179 units in October 2024 — an increase over the 1,047 units sold last month. Home sales were 3.9% below the five-year average and 0.9% below the 10-year average for the month of October. On a year-to-date basis,
Ottawa’s MLS® Home Sales Healthy Amid a Shifting Market
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,047 units in September 2024. This was an 11.4% increase from September 2023. Home sales were 17.4% below the five-year average and 15.4% below the 10-year average for the month of September. On a year-to-date basis,
Ottawa’s Hot Summer Market Expected to Extend into Fall
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,100 units in August 2024. This was a 10.2% increase from August 2023. Home sales were 11.4% below the five-year average and 14.1% below the 10-year average for the month of August. On a year-to-date basis, home sales
Ottawa’s MLS® Market Gains Momentum Heading into Summer
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,241 units in July 2024. This was a 13.6% increase from July 2023. Home sales were 7.1% below the five-year average and 8.8% below the 10-year average for the month of July. On a year-to-date basis, home sales
Ottawa’s MLS® Activity Builds After Recovering from Prior Slowdown
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,439 units in June 2024. This was a marginal increase of 0.1% from June 2023. Home sales were 7.5% below the five-year average and 13.2% below the 10-year average for the month of June. On a year-to-date basis,
May MLS® Home Sales in Ottawa Smooth and Cautious
The number of homes sold through the MLS® System of the Ottawa Real Estate Board (OREB) totaled 1,545 units in May 2024. This was a decrease of 9.2% from May 2023. Home sales were 3.7% below the five-year average and 13.2% below the 10-year average for the month of May. On a year-to-date basis, home
Ottawa REALTORS® Welcome Ontario’s $9.5 Million Investment in Supportive Housing in Ottawa
The Ottawa Real Estate Board (OREB) commends the Government of Ontario for its $9.5 million investment to develop more than 100 supportive housing units in Ottawa.
Ottawa REALTORS® Oppose Counterproductive City of Ottawa Development Charge Hike
Ottawa was the first city in Canada to declare a housing and homelessness emergency. Despite chronic affordability and supply issues, Ottawa’s city council is proposing an ill-timed and counterproductive increase in development charges. The Ottawa Real Estate Board (OREB) strongly opposes the proposed increase and wants the city to reconsider a move that threatens to
