Ottawa Resale Market Stalls in August, Supply Challenges Persist

Dated: September 11 2023

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“Sales activity was up marginally on a year-over-year basis in August but remained well below the historical average for this time of year," says Ken Dekker, OREB President. "There is no shortage of demand given increased immigration and the large Canadian population cohort entering the market. The lack of suitable, affordable housing is a hindrance. High borrowing costs and economic uncertainty are impacting both sellers and buyers, which we expect will continue to result in further market fluctuations.”

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Erin Field

Born and raised in Ottawa, Erin entered a RE/MAX office in 1997 with her resume - and hasn’t looked back since. Erin truly enjoys leveraging her extensive experience, training, ability to read the m....

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“Sales activity was up marginally on a year-over-year basis in August but remained well below the historical average for this time of year," says Ken Dekker, OREB President. "There is no

Read More