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Oasis Realty Brokerage, Ottawa Real Estate
Gord McCormick Ottawa, ON K2S0H6
Cell: 613-371-9691
Fax:
Home:
Work Phone: 613-435-4692
 
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Moving to Ottawa? here's some things to know.


How quickly the real estate market has turned with rising interest rates:

Like most markets, Ottawa has trended downwards quite significantly since a high water mark in late February to early March.  As you can see from the weekly chart above, average selling prices have tumbled 16% since March 2022 and we have now given back all the earlier price gains, set this year.

More challenging yet, is that the number of sales have tumbled, something in the order of 30% over the last 4 or 5 months, as uncertainty prevails.

Still not a buyer's market but it does feel like one:

We are technically still in a "balanced market" (meaning a roughly equal number of sellers and buyers or balance between supply and demand)

though it must seem to many sellers that it is becoming more of a buyer's market, given the number of price decreases and extended length of time it is taking to get a sale done.

Coming to Ottawa? 

So there should certainly be more choice, a much less frantic market and better prices than existed earlier this year, for those coming to Ottaw.

Rents have increased, too-unfortunately, so movers may find buying is still a better option than renting in the Nation's Capital.

We are available to discuss moving options to all areas of the Ottawa region, including country towns and villeages within an hour.  We are registered and have been helping with government moves for both sales and rentals.

Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage
613-435-4692 or mobile 613-371-9691

oasisrealty@rogers.com

oasisrealtyottawa.com

http://www.facebook.com/pages/Oasis-Realty-Brokerage-Ottawa/209265863918 

Follow us on Twitter for “all the real estate news that’s fit to post”  https://twitter.com/OasisrealtyOTT

One of Ottawa’s best real estate blogs: http://blog.oasisrealtyottawa.com/

 

 

 

 


Boutique buyer representation


Whether you are new to the city or returning from elsewhere, we believe we offer the highest possible quality buyer representation at our independent local brokerage.

We both grew up in and around Ottawa and can service the whole area on the Ontario side of the Ottawa River. (Real estate is licensed/regulated provincially)

We have moved corporately ourselves many times and understand the challenges and extra stress associated with adjusting to a new position and a new home.  We do our absolute best to make your buying process as efficient and effective as possible.

We both possess our Broker registration/licence which only 20% of the REALTOR® membership has achieved.

We are not a high transaction brokerage but rather focus on high quality individualized services which we feel provides the best service level and response times possible for our clients.  As a boutique brokerage there are less “moving parts” and we are both intimately involved with every aspect of your service delivery and file.

To see some of the detailed duties we do for our buyers and our philosophy:  http://www.oasisrealtyottawa.com/HomesAuthenticated.aspx?tabid=2541436

Give us a call at 613-435-4692 or email us at oasisrealty@rogers.com

*not intended to solicit those with existing buyer representation

Gord McCormick, Broker of Record
Dawn Davey, Broker
Oasis Realty Brokerage
613-435-4692
oasisrealty@rogers.com