OTTAWA, January 6, 2021 –  Members of the Ottawa Real Estate Board (OREB) sold 1,002 residential properties in December through the Board’s Multiple Listing Service® System, compared with 757 in December 2019, an increase of 32.4 per cent. December’s sales included 710 in the residential property class, up 33.7 per cent from a year ago, and 292 in the condominium property class, an increase of 29.2 per cent from December 2019. The five-year average for total residential unit sales in December is 779. [Read more…]

7 Realtors from across the country give us their forecasts for 2021. One statement I particularly like is “after the year of destabilizing changes for this year (2020), 2021 will be a time for embracing the uncertainty by building resilience. I like that! Indeed 2020 was destabilizing, but perhaps, in a sense, by the end of the year we had grown accustomed to a new way of doing business. At least in certain aspects!

Below is the CREA National Housing Market Snapshot for November 2020.

An omission was made in the January newsletter: not featuring 502-1510 Riverside Drive. Please click here for details of that listing.




CREA Cafe shares their insight on the 2020 real estate market and their forecast for 2021.

The Royal LePage 2021 Forecast was distributed to the media yesterday. The release includes insights from experts across the country, and data from the Royal LePage Market Survey Forecast, which provides year-over-year price expectations for Canada’s nine largest markets.

Key highlights from the national release include:

• Canadian home prices forecast to rise 5.5% by the end of 2021
• Aggregate price of a home in the Greater Toronto Area forecast to rise 5.75%
• Tech and government sector expansion to drive Ottawa prices up 11.5%
• Canada’s priciest city to experience 9.0% rise as housing demand in Vancouver surges
• Halifax and Greater Montreal prices forecast to rise 7.5% and 6.0%, respectively
• Calgary, Edmonton prices buck regional economic drag, to show modest price growth

Below is the Royal LePage 2021 forecast table.

[pdf-embedder url=”https://www.claudejobin.com/wp-content/uploads/2020/12/2021-Royal-LePage-Market-Survey-Forecast.pdf” title=”2021 Royal LePage Market Survey Forecast”]

Excerpts of the news release can be found on the Ottawa Business Journal site and the Globe and Mail.

The Royal LePage 2021 Forecast was distributed to the media yesterday. The release includes insights from experts across the country, and data from the Royal LePage Market Survey Forecast, which provides year-over-year price expectations for Canada’s nine largest markets.

Key highlights from the national release include:

• Canadian home prices forecast to rise 5.5% by the end of 2021
• Aggregate price of a home in the Greater Toronto Area forecast to rise 5.75%
• Tech and government sector expansion to drive Ottawa prices up 11.5%
• Canada’s priciest city to experience 9.0% rise as housing demand in Vancouver surges
• Halifax and Greater Montreal prices forecast to rise 7.5% and 6.0%, respectively
• Calgary, Edmonton prices buck regional economic drag, to show modest price growth

Below is the Royal LePage 2021 forecast table.

[pdf-embedder url=”https://www.claudejobin.com/wp-content/uploads/2020/12/2021-Royal-LePage-Market-Survey-Forecast.pdf” title=”2021 Royal LePage Market Survey Forecast”]

Excerpts of the news release can be found on the Ottawa Business Journal site and the Globe and Mail.