Plum Realty
200 - 424 Parkdale Ave K1Y 1H1 Ottawa, ON, Canada

The resale market is not only holding its own but has surpassed 2019 figures by a significant margin, states Ottawa Real Estate President Deborah Burgoyne. Summer usually slows down; however, after the pandemic curtailed the spring market this year, we have rebounded well beyond expectations. Ottawa’s resale market offers solid returns for many Sellers, while Buyers continue to feel the squeeze." @ Plum Realty

With safety protocols firmly in place, and Buyers and Sellers more accustomed to our new normal, the resale market has rebounded to meet pent up demand, states Ottawa Real Estate Board President Deborah Burgoyne. While unit sales were down 55% in April and 44% in May, June’s sales results are within 2% of figures from this time last year.

Just as May’s temperatures had us questioning what season we were in, our real estate market also underwent a seasonal switch, so to speak, notes Ottawa Real Estate Board President Deborah Burgoyne. This spring market is performing more like a fall market with the number of new listings and resales on par with what typically occurs in late October and November".

While the Ottawa real estate market statistics for April come as no surprise, they are a stark contrast to the previous month and the year-over-year figures for April 2019, states Ottawa Real Estate Board President Deb Burgoyne. I am proud to say, our Members have rapidly adapted to following the State of Emergency guidelines and are limiting work activity to assisting those who must sell and/or buy during this pivotal time - while keeping the health risk to all parties to a minimum.

"Our results show that the Ottawa real estate market seems to have withstood the pressure of a worldwide economic event in March, however in context with our market’s performance up to this point, we can see the underlying effect. Before the pandemic, monthly unit sales were increasing between 10-16% from 2019, while March’s sales were just on par with a year ago. This is an indicator that there has been a slowdown in the real estate market due to Covid-19. - Deborah Burgoyne, Ottawa Real Estate Board President.

The resale market is not only holding its own but has surpassed 2019 figures by a significant margin, states Ottawa Real Estate President Deborah Burgoyne. Summer usually slows down; however, after the pandemic curtailed the spring market this year, we have rebounded well beyond expectations. Ottawa’s resale market offers solid returns for many Sellers, while Buyers continue to feel the squeeze." @ Plum Realty

With safety protocols firmly in place, and Buyers and Sellers more accustomed to our new normal, the resale market has rebounded to meet pent up demand, states Ottawa Real Estate Board President Deborah Burgoyne. While unit sales were down 55% in April and 44% in May, June’s sales results are within 2% of figures from this time last year.

Just as May’s temperatures had us questioning what season we were in, our real estate market also underwent a seasonal switch, so to speak, notes Ottawa Real Estate Board President Deborah Burgoyne. This spring market is performing more like a fall market with the number of new listings and resales on par with what typically occurs in late October and November".

While the Ottawa real estate market statistics for April come as no surprise, they are a stark contrast to the previous month and the year-over-year figures for April 2019, states Ottawa Real Estate Board President Deb Burgoyne. I am proud to say, our Members have rapidly adapted to following the State of Emergency guidelines and are limiting work activity to assisting those who must sell and/or buy during this pivotal time - while keeping the health risk to all parties to a minimum.

"Our results show that the Ottawa real estate market seems to have withstood the pressure of a worldwide economic event in March, however in context with our market’s performance up to this point, we can see the underlying effect. Before the pandemic, monthly unit sales were increasing between 10-16% from 2019, while March’s sales were just on par with a year ago. This is an indicator that there has been a slowdown in the real estate market due to Covid-19. - Deborah Burgoyne, Ottawa Real Estate Board President.