If anyone is wondering why the Ottawa Market was so hot last year and why it looks like it may turn out to as hot - or hotter - this year, the graph below may give some quick indications.
Basically the number of available listings is down and the number of sales is still up as there are still lots of people looking to buy.
The graph above shows the number of active listings from Jan 2014 till January of this year. Basically the peaks are around May of each year and the dips in December. The actual numbers of listings for the December time frame of each year were 8784 for 2014, 8633 for 2015, 6940 for 2016, 5187 for 2017, and 4007 for the end of 2018 - roughly where we're at now. So the number of homes for sale in 2018 was less than half the number in 2014 - and there are more people in Ottawa.
If you're thinking of selling this may very well be a good year to do it. Just sayin'!
Enjoy the month everyone and thanks again for your referrals. We are always honoured to work with you and yours!