July 2020 market stats are here!

Members of the Ottawa Real Estate Board sold 2,189 residential properties in July through the Board's Multiple Listing Service® (MLS) System, compared with 1,838 in July 2019, an increase of 19%.

"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. It is somewhat surprising given continuing inventory shortages and the extra diligence and precautions being taken by our Members and their clients to ensure everyone's safety in the process."

In addition to residential and condominium sales, OREB Members assisted clients with renting 1,883 properties since the beginning of the year compared to 1,619 at this time last year.  

Here's a breakdown ...

Buying a home is a huge commitment and one of the biggest financial investments you’ll ever make. If you’ve never done this before, you can expect to get hit with a barrage of real estate terms and jargon that might leave your head spinning. Your RE/MAX agent is there to guide you through the process, but for the keeners who want to hit the books before you hit the streets, below is a list of some common real estate terms. Read them, learn them. By familiarizing yourself with these home-buying basics, you’ll be better equipped to make informed decisions and a wise investment. 

Homebuyer’s Glossary: 28 Real Estate Terms to Know

AmortizationThe length of time allotted to paying off a loan – in home-buying terms, the mortgage. Most maximum amortization periods in Canada are 25 years.
Balanced MarketIn a balanced market, there is an equal balance of buyers and sellers in the market, which means reasonable offers are of ...

Has the Canadian Housing Market Bounced Back from COVID-19? 




Visit REALTOR.CA's COVID-19 hub for other useful information. 

Location: Ottawa
Job Type: Full-time, Permanent 


Experience: 

Real Estate Admin: 2 years (Required) 
Provide administrative support for real estate transactions


Skills and Abilities: 

Previous experience in the real estate industry as an administrator is an absolute MUST 
Essential that the candidate is proficient in preparing purchase and listing agreements, experience in broker loading listings on various real estate boards, be detail-oriented to submit error-free work and able to work independently with little supervision
Experience of clerical duties such as filing, organizing, correspondence, booking appointments, managing databases
Computer literacy is a MUST; proficient with computer systems such as DotLoop and office suite programs; MS Office is mandatory
High attention to detail 
Strong time management capabilities 
Outstanding speaking and written communication skills 



Duties and Responsibilities:  ...

May 2020 market stats are here!

Members of the Ottawa Real Estate Board sold 1,345 residential properties in May through the Board's Multiple Listing Service® (MLS) System, compared with 2,410 in May 2019, a decrease of 44%.

"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.”

In addition to residential and condominium sales, OREB Members assisted clients with renting 1,207 properties since the beginning of the year compared to 1,043 at this time last year.  

Here's a breakdown of the average sale prices & year & over-year increases/decreases in Ottawa:



If you're ...