Home Buying

Your Updated Ottawa Housing Starts Report

Home Buying 1It’s always important to be up-to-date on the latest housing market trends when you decide to enter the market as a buyer or seller.

That’s why we work so hard to provide you the most up-to-date information possible in Ottawa.

Today, we’re going to provide to you the latest details of the most recent housing market report in Ottawa.

What Buyers and Sellers Should Know In Ottawa

Here’s an overview of the current state of the housing market here:

  • Housing starts in the Ottawa Census Metropolitan Area were trending at 5,984 units in January, compared to 6,256 units in December.
  • The trend is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts.
  • In Ottawa, the monthly SAAR measure was 2,837 in January down from 6,858 in December.
  • In January, about 26 per cent of starts occurred in Nepean outside the greenbelt and about 20 per cent in Kanata.

This information suggests that the market truly is gaining in strength and that there is plenty to look forward to ahead of the spring home buying season.

Ready to Enter the Ottawa Housing Market?

If you’re encouraged by the recent housing market numbers and are ready to enter the market as a buyer or seller in Ottawa, please make sure to contact us, Geoff and Bobbie McGowan, today.

We would love to help you by answering any questions you might have as well as providing you with some valuable resources.

Until next time,

Bobbie