October’s sales included 758 in the residential class, down 40 per cent from a year earlier, and 229 in the condo class, a decrease of 44 per cent.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Demand is still high and inventory increasing, Torontow said. Buyers have more choices and time to shop but speculation about where both prices and interest rates are going has made some adopt a “wait-and-see approach.”Article content “The significant year-over-year gains of the last two years were not sustainable. If you have owned your property for any length of time, your equity has increased significantly and will buffer price corrections.There were 2,047 new listings in October, up four per cent from October 2021. The five-year average for new listings in October is 1,971.