Ottawa Real Estate Market Starts To Turn

Ottawa Real Estate Market Starts to Turn

Bruce Brown Market Updates

Ottawa Real Estate Market Starts to Turn The Ottawa real estate market always cycles and while COVID disrupted the seasonal cycle quite dramatically, the fundamental forces driving the intense seller’s market are now officially on a three-month trend in the opposite direction. In this article we will look at the key statistics illustrating the beginning of the next phase in …

What’s Up With Ottawa House Prices in Early 2021?

Bruce Brown Market Updates

What’s up with Ottawa house prices in early 2021? In this video I talk about the three main reasons prices are spiking even above the already meteoric increases from 2020. The number 1 reason turns out to be pretty simply to understand, but maybe not so easy to figure out why it’s happening. Theories and conspiracies and downright guesses about …

Ottawa House Prices By Neighbourhood

Ottawa House Prices by Neighbourhood 2020

Bruce Brown Market Updates

The February edition of my newsletter (Ottawa Real Estate Monthly) features Ottawa House Prices by Neighbourhood – it’s a tradition I started a few years ago. I take all of the Ottawa Real Estate Board’s neighbourhood sales and price statistics and rank them. In previous years, I shared the top and bottom 20 neighbourhoods based on percentage change in number …

Hottest Ottawa Neighbourhoods

Hottest Ottawa Neighbourhoods – Hype vs. Data

Bruce Brown Market Updates

A CTV News piece about the Hottest Ottawa Neighbourhoods and the Ottawa real estate market in July 2020 came to my attention this week. A local Realtor provided data and insights into prevailing conditions that continue to favour sellers. Here’s a link to the piece: CTV News Article & Video Reading through the article I could not help but cringe …

COVID-19 Slams Ottawa Home Sales in April

Bruce Brown Market Updates

I debated the headline for this article. The downturn in sales resulting from people’s wise decision to heed Government direction to stay at home as much as possible resulted in unprecedented decline in home sales in April. Just looking at the graphs, “slams” is an accurate description of the impact. I hesitated to use this description not because it doesn’t …

COVID-19 – One Month Impact

Bruce Brown Market Updates

I’m interested in tracking and reporting the impact of the pandemic response on market activity. The Ottawa Real Estate Board only provides monthly reports and tends to gloss over anything negative and spins things up. Note: You might be interested in my first article on the impact of the COVID-19 pandemic on Ottawa real estate: COVID-19 Market Impact. Any lasting …

March 2020 Market Statistics

Bruce Brown Market Updates

Stay tuned for a special report on the impact of the COVID-19 pandemic on the real estate market in Ottawa. I’m tracking new listings, conditional and firm sales on a daily basis because monthly statistics do not provide an adequate picture of this rapidly changing market. I’m posting my usual monthly statistical graphs for March 2020 for completeness – and …