r/ottawa

Saw as low as 139.9 at one Esso in Kanata. Another Esso was just above 141. Other stations ranging up to 160. People are blocking the streets...

Heads up for people leaving the office today, at Nicholas onwards (heading east) there’s puddles of fecal waste on the second lane from the left. The smell is putrid…

I was watching the Premier's press conference/Q&A he just had as he's in the city for the Canadian Chamber’s Future of Business Summit. A reporter asked him a question about uploading the LRT to the province (promised during the last election), to which he had an interesting contradictory answer.

----

My transcription:
Q: Premier, how did your meeting go with Mayor Mark Suttcliffe and did you discuss uploading the LRT?

A: Yeah actually I just said hello to him but we're going to sit down shortly. We're going to have discussions about uploading the LRT. We committed to it, we committed to uploading 174 as well which really that was part of the deal, the LRT wasn't. So we're focused on uploading 174. Again, taking the burden off the backs of the people of Ottawa and we're going to continue working with the mayor. We have a great relationship, a great partnership, he's a wonderful mayor.

----

Watch for yourself, from 15:17 to 15:53: https://www.youtube.com/watch?v=ywDJgiuMO5I.

Now I prefer not to turn this post all political or rage bait, but did I misunderstand his answer that it's not a priority/promise anymore? Did he misspeak? There has been a few posts recently in this subreddit about the silence on the LRT upload...

Spotted at Parliament this morning

Good evening, r/RealEstateCanada !

My name is Nick and I'm an active real estate agent in Ottawa with over a decade of experience. I've work in good old-fashioned resale but I have experience in pre-construction sales & purchasing, international relocations, leasing, syndications, flipping, commercial property management and everything in between. I'm also a past member of the Professional Standards & Ethics Committee (amongst others) for the Ottawa Real Estate Board. To date, we've helped over 500+ families buy in sell in the nations capital.

Here, I'll share real estate statistics from the past week, local RE news, my thoughts on real estate in Ottawa, the industry in general and most importantly answer your questions/discuss your thoughts on the market.

If you have any questions you'd like to keep confidential, feel free to contact me directly. My DMs are always open! If you don't want to miss out on any of our posts or conversations, give our account a follow.

Your resources

1. Every u/ottawaagent weekly post + other data GRAPHED here to SEE THE TRENDS over the years.
2. Want to see how many new homes are being built? Look here.
3. Newest Ottawa Real Estate Board market report here.
4. Curious what all the cranes in the city are building? Check out the high-rise developments under way here.
5. You can see what the city is actively building in terms of construction & infrastructure projects here.
6. More local real estate news here courtesy of OBJ.

_________________

You'll find stats for both freehold, condominium and rental properties over the past several days in Ottawa below. If you'd like to see all of the information I track along with the data plotted on graphs and industry terminology explained, please see number 1 under "Your Resources" above.

All of these numbers reflect stats within Ottawa proper and do not cover areas such as Perth, Arnprior, Smith Falls, Brockville etc.

Please remember, this is not reflective of all the active/sold properties in Ottawa. This is for new active/sold listings over the last several days. Stats for the last several days are not indicative of any specific market trend. To see where the market is trending, PLEASE SEE RESOURCE 1.

Freehold

• Number of active listings: 415
• Number of conditional sales: 205
• Number of sold properties: 209
• Median list price: $699,900
• Median sold price: $700,000 (100.01% of list price)
• Median DOM: 16

Condos

• Number of active listings: 149
• Number of conditional sales: 61
• Number of sold properties: 77
• Median list price: $399,999
• Sold price: $396,500 (99.13% of list price)
• Median DOM: 39

Freehold Rentals

• Number of active listings: 108
• Number of rented properties: 81
• Median listed price: $2,650/month
• Median rented price: $2,700/month (101.89% of list price)
• Median DOM: 17

Condo Rentals

• Number of active listings: 67
• Number of rented properties: 43
• Median list price: $2,395/month
• Median rented price: $2,395/month (100.00% of list price)
• Median DOM: 22