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Elisabeth & Jim Hamilton
THE MARKET INSIDER
Market Trends – In Search of Balance
Ottawa's Golden Age | Buyer Tips for a Sellers' Market
Are We Entering Ottawa's Golden Age?
The signs of progress are everywhere! While Ottawa has seen its share of boom times, life in Ottawa post-pandemic is poised to be better than ever.
There has never been a better time to live in Ottawa!
Buyer Tips for a Sellers’ Market
Despite some recent relief for buyers, Ottawa remains a seller’s market. Here are our top tips for buyer success:
In Search of Balance
Ottawa’s red hot housing market finally broke in the buyer’s direction in May. While still very much a sellers’ market, a number of indicators show we are moving towards more balance. Consider the following:
Despite this change, May saw strong volume as vaccinations and well-established safety measures made buyers and sellers more comfortable shopping for properties. 2,296 properties were sold this month, a 71% increase from May 2020. Also, prices remained strong with the 2021 average residential price at $736,241, 35% higher than 2020 at this time.
This is welcome news for buyers and sellers alike. Buyers who have struggled to find a home in the last six months will find it easier in June. Sellers will also benefit with close to record prices, and be able to sell knowing they will have less difficulty purchasing their next home. Like most things in life, it is good to have more balance.
OREB | Rina@oreb.ca
A Note from Us
Signs are everywhere that summer will bring welcome relief from the pandemic of 2020/2021! Our hope is that as we emerge from lockdown you will lose the hardships but retain the good things this odd year as brought. In the meantime, we hope you spend lots of time rejuvenating outdoors this summer with friends and family.
Please note our fancy new email addresses below. 🙂
(613) 276-1675 | Elisabeth@ElisabethHamilton.ca
(613) 867-1675 | Jim@ElisabethHamilton.ca
Our Clients Say the Nicest Things!
“Thank you so much Elisabeth for your constant support and guidance throughout the process of selling our home. Well done….great job. You are the best!” Cheryl
Elisabeth & Jim Hamilton
Innovation Realty, LTD.
376 Churchill Ave N Unit 101
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