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Spring Momentum Builds as Ottawa Market Begins Catching Up with Supply

Market Overview Ottawa’s housing market showed clearer signs of early spring momentum in March, with sales activity strengthening after a prolonged, slower winter market. While transactions remain below typical March levels, the pace of improvement has accelerated, particularly in the single-family segment. Inventory continues to rise, but stronger sales are keeping pace with new supply.

Industry News

OREB Responds to Federal GST Rebate for First-Time Home Buyers

Ottawa, ON – The Ottawa Real Estate Board (OREB) acknowledges that Bill C-4, the Making Life More Affordable for Canadians Act, has received Royal Assent, bringing into law key affordability measures, including a GST rebate for first-time home buyers. The measure removes GST on new homes up to $1 million for first-time buyers and reduces