Ottawa Real Estate News Release (OREB)
March Resales: Signs of Spring Sprouting

OTTAWA, April 4, 2023 – Members of the Ottawa Real Estate Board (OREB) sold 1,194 residential properties in March through the Board’s Multiple Listing Service® (MLS®) System, compared with 2,003 in March 2022, a decrease of 40%. March’s sales included 893 in the freehold-property class, down 40% from a year ago, and 301 in the condominium-property category, a decrease of 42% from March 2022. March sales transactions increased 40% over February. The five-year average for total unit sales in March is 1,698.
“The recent rise in transactions is a sign of typical spring activity, even if we’re behind the pandemic peaks of 2022. As spring unfolds, so too will a clearer picture of Ottawa’s balanced market state,” says Ottawa Real Estate Board President Ken Dekker.
By the Numbers – Average Prices*:
- The average sale price for a freehold-class property in March was $710,070, a decrease of 17% from 2022. However, it marks a 0.2% increase over February 2023. Average freehold prices have climbed approximately 8% during Q1 2023 over December 2022’s market low.
- The average sale price for a condominium-class property was $418,670, decreasing 13% from a year ago, but still a 2% gain over February 2023.
- With year-to-date average sale prices at $701,837 for freeholds and $414,698 for condos, these values represent a 16% decrease over 2022 for freehold-class properties and an 11% decrease for condominium-class properties.
By the Numbers – Inventory & New Listings:
- Months of Inventory for the freehold-class properties has increased to 2.3 months from 0.6 months in March 2022.
- Months of Inventory for condominium-class properties has increased to 2.8 months from 0.6 months in March 2022.
- March’s new listings (2,089) were 21% lower than March 2022 (2,632) and up 53% from February 2023 (1,366). The 5-year average for new listings in March is 2,474.
- Days on market (DOM) for freeholds decreased from 37 to 34 days and 43 to 39 days for condos compared to last month.
REALTORS® also help with finding rentals and vetting potential tenants. Since the beginning of the year, OREB Members have assisted clients with renting 1,599 properties compared to 1,291 last year at this time, an increase of 24%.
* OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.
Ottawa Condo for Sale
West Centre Town
102-22 Perkins Street
$499,000

METICULOUS! This beautiful urban boutique luxury condo located in Lebreton Flats. 2 bedroom layout converted to 1 bedroom & unique alcove/work area. This model offers a fabulous layout with sophisticated elegance throughout. Bright, open concept layout entering into the condo with lots of natural light. Features gorgeous hardwood & tile flooring throughout & a spacious kitchen with many cupboard/counter space and a large island. The unit features a beautiful kitchen, a modern full bath, large windows, private intimate backyard and 2 largest storage units. Offers a tranquil setting on a quiet residential street. Convenient main floor welcomes the afternoon sunshine. The view of the city, Ottawa River, Park, National Capital Bike Paths, and walking distance to City Centre and Little Italy. Featuring rooftop terrace with BBQ perfect for entertaining and watching sunsets over the river. New LRT station is walking distance to connect with the rest of the city.
Keller Williams Integrity Realty, Brokerage
Architect – Sergey Skuratov

Sergey Skuratov is a Russian architect. Born in 1955 in Moscow, his parents were military pilots. He studied at the Moscow Institute of Architecture. Skuratov founded ergey Skuratov Architects in 2002. He is a professor at the International Academy of Architecture, at the Moscow Architecture School, and at the Moscow Architecture Institute. He is the recipient of many awards.
Tessinsky 1 De Luxe Development
2023, Moscow

Minsk Hills
2018, Belarussia, Minsk

Ego House
2017, Moscow

Copper House
2004, Moscow

Capital Tower
2023, Moscow

Art House
2012, Moscow

House Viego III

Novoalexeevskaya Street
2017, Moscow

Ottawa Real Estate News Release (OREB)
November Residential Resales: Expectedly Low

Members of the Ottawa Real Estate Board (OREB) sold 846 residential properties in November through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,456 in November 2021, a decrease of 42%. November’s sales included 658 in the residential-property class, down 39% from a year ago, and 188 in the condominium-property category, a decrease of 50% from November 2021. The five-year average for total unit sales in November is 1,270.
“November’s sales were expectedly low given the typical slowdown this time of year but they also reflect today’s economic conditions,” says Penny Torontow, OREB’s 2022 President. “This is not isolated to our local market. Globally, we’re still adjusting to the post-pandemic world and that affects demand, pricing, interest rates, cost of living, supply chain disruptions and more. As a result, those who can, are waiting and watching.”

By the Numbers – Average Prices*:
- The average sale price for a condominium-class property in November was $415,533, a decrease of 4% from 2021.
- The average sale price for a residential-class property was $680,031, decreasing 5% from a year ago.
- With year-to-date average sale prices at $774,422 for residential units and $454,436 for condominiums, these values represent an 8% increase over 2021 for both property classes.
By the Numbers – Inventory & New Listings:
- Months of Inventory for the residential-class properties has increased to 3.5 months from 0.9 months in 2021.
- Months of Inventory for condominium-class properties has increased to 3.4 months from 1.1 months in 2021.
- November’s new listings (1,598) were 12% higher than 2021 (1,429) and down 22% from October 2022 (2,046). The 5-year average for new listings in November is 1,398.
* OREB cautions that the average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price will vary from neighbourhood to neighbourhood.

Safest Places to Travel 2023

Berkshire Hathaway Travel Protection has just released its annual report of the safest places in the world to travel. Canada ranked 6. Of course, the Netherlands, Denmark, Iceland, Australia, and Norway are in the top 5 positions, but isn’t that the case for all lists with those countries? City wise Montreal ranked 3rd safest. Click here for details.
Ottawa Real Estate Statistics – October 2022 – Community Stats
Community statistics have yet to be received. When they are they will be inserted here.
Ottawa Condo for Sale
Beacon Hill South
1105-2020 Jasmine Crescent $274,000
Virtual Tour
Virtual Tour

Welcome to suite 1105 at 2020 Jasmine Crescents. Great views from this spacious 2 bedroom condo. Bright kitchen with breakfast bar. Laminate floors in living room, dining room, and bedrooms. Tiled floors in hallway, kitchen, and bathroom. Generous closets with closet organizer in primary bedroom. Large storage room in unit, and additional storage locker in room 78. Condo fees include all utilities. Outside parking space 189E. This building features great amenities including pool, sauna, hot tub, gym, tennis court. Expansive garden. Close to the ever-evolving Ogilvie shopping area including Costco, Farm Boy, Walmart, Loblaws, cinema, and Blair LRT station. Quick access to 174 and 417. 24 hour irrevocable on all offers.

Architecture – The Queen in Scotland

In honour of the Queen’s passing, I thought I’d do a post of the castle in which she passed, and the palace where her remains were brought before leaving Scotland for London.
Balmoral Castle

Balmoral has been a Royal Holiday home for approximately 170 years. Balmoral is a 50,000 acre estate located in Aberdeenshire. The architecture style is Scottish baronial and Gothic revival. The original castle bought by Prince Albert was eventually considered too small for their growing family and was torn down. The current building made of local granite, was built by William Smith, the son of John Smith who had been used for some of the expansions. The whole of the property consists of parkland, woodland, arboretum, woodland walks, shrubberies, and gardens. Prince Albert and Queen Victoria were very involved in the landscape design of James Beattie. It was the Queen’s happy place. She spent several weeks during the summer there. Her last official portrait after meeting Prime Minister Liz Truss.
Drawing Room

Dining Room

Study

Palace of Holyroodhouse

Holyroodhouse is the official residence of the British monarchy in Scotland. It was conceived as an Augustinian monastery in 1128. The original design was the creation of Sir William Bruce between 1671 and 1678. The palace has been home to Mary Queen of Scots – a home where she married her Scottish husbands and alas witness the murder of her secretary and confidant David Rizzio. King George V commissioned architect Sir William Bruce to make significant improvements in the 20th century. In 1920 the palace was designated as the monarch’s official residence in Scotland. Queen Elizabeth II would spend one week of the year at Hollyroodhouse – Holyrood Week. The gardens and the palace are within Holyrood Park.
Great Gallery

Kings Bedchamber

Mary Queen of Scotts, Bedroom

Throne Room

- 1
- 2
- 3
- …
- 34
- Next Page »