Ottawa's Housing Market

In the third quarter of 2023, the Ottawa housing market revealed a dynamic blend of stability and fluctuations. Total transactions in Q3 2023 for detached homes dipped by 33.1% compared to the previous quarter, causing some to raise an eyebrow. However, a closer look reveals a more robust story: when juxtaposed with the same period in the previous year, this segment actually experienced a 4.0% increase, underscoring the market's resilience.