Megan  Razavi

Megan Razavi

Real Estate Broker

ROYAL LEPAGE TEAM REALTY Brokerage *

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Megan Razavi's blog

Where Was the Spring Market?

Despite the anticipation surrounding the Bank of Canada’s first rate cut, homebuyers are still hesitant. National home prices rose by 1.5% in Q2, even with a slowdown in major markets. In the second quarter of 2024, Canada’s spring housing market remained subdued in many areas, despite a strong first quarter. The June rate cut by the Bank of Canada sparked interest but did not lead to a significant return of buyers. This caution from buyers, alongside rising inventory levels, has created more balanced market conditions.

Royal LePage® projects a 9.0% increase in the aggregate home price in...

Ottawa Community Real Estate Market Update - June 2024

The Ottawa real estate market continues to show strength and resilience as we progress through 2024. The latest statistics for June 2024 provide an insightful glimpse into the market dynamics and trends, comparing the current performance with that of the previous year. Here's a detailed analysis of the residential and condo property market in Ottawa, covering units sold and average sales prices.

Units Sold

Residential Units

In June 2024, the number of residential units sold in Ottawa reached 6,148, marking a significant increase of 5.9% compared to June 2023 year-to-date (YTD). This uptick...

Ottawa Market Report - Year to Date

Overview:

The Ottawa real estate market has shown robust activity this year, with a substantial number of properties sold and active listings available. The average sold price has reached $685,360, reflecting the market's value and buyer demand. Properties are spending an average of 47 days on the market, indicating a healthy pace of transactions.

Key Metrics:

  • Active Listings: 2,984
  • Properties Sold: 7,185
  • Average Sold Price: $685,360
  • Average Days on Market: 47

Ottawa July 2024 Events

Dive into a spectacular July in Ottawa! From music festivals to food fairs.
Let’s make it a summer to remember!

 

2024 Canadian Real Estate Market Forecast by Royal LePage

As we approach 2024, the Canadian real estate market continues to show dynamic changes across various regions. The latest market survey forecast from Royal LePage provides valuable insights into expected trends in home prices across major cities in Canada. Here’s a detailed look at the anticipated shifts for the upcoming year.

National Overview

For Q4 2023, the national aggregate home price stands at $789,500. Royal LePage forecasts a significant increase of 9.0% by Q4 2024, with the average price expected to rise to $860,555. This growth highlights the ongoing strength and resilience of...

Ottawa Market Report: Year-to-Date Analysis

Ottawa Real Estate Snapshot

As we navigate through 2024, Ottawa's real estate market showcases a dynamic blend of growth, resilience, and shifting trends. Whether you're a prospective buyer, a seasoned investor, or simply curious about the local market, understanding these key metrics can provide valuable insights into the current landscape.

Key Statistics:

  • Average Days on Market: 47 days
  • Active Listings: 2,814 properties
  • Properties Sold: 5,751 properties
  • Average Sold Price: $684,145



1. Average Days on Market (DOM): 47 Days

The average days on market (DOM) stands at 47 days, indicating...

Know the Local Market when You Sell

Are you thinking of selling your home this year?

Ottawa's Hot Real Estate Market

In June 2019, 39% of homes in Ottawa sold over asking! There are still more buyers than sellers, making it a very attractive time to considering selling your home.

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