Ottawa's land sales finding greater degree of value consistency as interest rates stabilize somewhat

It’s interesting to note that Land sales are showing a better degree of value consistency as interest rates are somewhat stabilizing. This suggests that the market is finding a firmer footing.
Despite this improvement, transaction volumes are still below the peak seen in the third quarter of 2022.
The volume of transactions reduced due to continuing interest rate uncertainty, and a general stabilizing effect following an unprecedented surge in Industrial and Residential Development Land Sales.

July 19, 2023

CA-ON-OT Ottawa

Ottawa, Land Sales, Industrial Development, Residential Development