About Ottawa Real Estate

December Property Statistics

2021 Resale Market Normalizes and Breaks Records
January 6, 2022

Members of the Ottawa Real Estate Board sold 862 residential properties in December through the Board’s Multiple Listing Service® System, compared with 997 in December 2020, a decrease of 14 per cent. December’s sales included 601 in the residential-property class, down 15 per cent from a year ago, and 261 in the condominium-property category, a decrease of 10 per cent from December 2020. The five-year average for total unit sales in December is 809.

The average sale price for a condominium-class property in December was $399,125, an increase of 12 per cent from 2020, and the average sale price for a residential-class property was $709,980, increasing 18 per cent from a year ago.

“We are unlikely to see the true outcome of these macro factors until the spring. Presumably, we will see more of the same with the market performing as well as it can with the current housing stock. Unfortunately for homebuyers, it will sustain itself as a Seller’s market for quite some time until our inventory issues are remedied. Whether you are buying or selling a home right now, the experience and knowledge of a REALTOR® is essential in this current challenging market,” Torontow concludes.

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862

Properties Sold

14%

Decrease in Homes Sold

$709,980

Average sale price (residential)

$399,125

Average sale price (condos)

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Chris MacDonald

Craig Dow turned that scary first time home buying process into a streamlined process. Always prompt with a great attention to detail. Good at asking the right questions to help you understand how you really feel. Patient and willing to work with you until the right property comes along. Quickly learns what you tend to like and dislike based off of your (sometimes non-verbal) reactions to previous showings. Works well under strict timelines and takes a lot of the stress out of the situation as he is prepared for seemingly anything and everything that could come up.

John Kellam

Craig helped me purchase my very first condo back in 2012. He was very patient, helpful and knowledgeable as he answered any and all questions and concerns that I had. He is very prompt, thorough and diligent in everything he does. He also provided me with many options for potential homes that he thought would suit my needs, which is why I didn't hesitate to ask him to be my realtor again when I moved last year. I have thoroughly enjoyed the smoothness and easiness both times that he has helped me and would highly recommend him to anyone looking for a similar experience!

Heidi Wong

Craig has gone above and beyond my expectations. From the very first conversation, Craig was intuitive, caring, and patient. He was honest and upfront about everything. Anything he didn't know/wasn't aware of, he was willing to admit, find out and got back to me very promptly. I couldn't have asked for a better Realtor and very grateful for everything Craig has done for me.

Tim and Liz

We were looking for a rural home and had Craig drive us around the Ottawa Valley for a few months, usually taking up all hours of the evening. He was incredibly patient, kind and honest when it was needed. Our time with Craig was enjoyable, and when it came time to get down to business he was incredibly professional, answered all questions we had (we had a lot as first time home buyers). Because of Craig's advice, we were able to land our first dream home. I truly believe that if we didn't listen to Craig we may not be in the house we are in now. I will thank him forever for that. Thank you for being assertive and knowledgeable. I would absolutely recommend Craig to anyone purchasing a home.