Ottawa Real Estate Market Update | November 2024

This month’s Ottawa real estate update brings exciting news and insights! From the Bank of Canada's “jumbo” interest rate cut to the federal government’s new plan to make adding rental suites to homes easier, we’re diving into the key developments that could impact you.

Plus, we’ll explore Ottawa’s real estate performance for October, including a surge in freehold sales and the latest condo market trends. Don't miss out on understanding how these changes could affect the market—and whether we're headed for a hot spring in 2025! Grab your drink and get the full scoop in this month’s update!

Stats

FREEHOLD Stats
1,070 Sales
$712,274 Average Price
3.1 Months of Inventory
37 Days to Sell
98.3% Sale Price to List Price Ratio
59% Sales to New Listings Ratio

CONDO STATS
277 Sales
$423,272 Average Sale Price
3.6 Months of Inventory
39 Days to Sell
97.9% Sale Price to List Price Ratio
48.7% Sales to New Listings Ratio

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