A sold sign in front of homes in the Riverside South neighbourhood of Ottawa on Aug. 30, 2024.
Real estate agents and experts in the National Capital Region say 2024 ended on a positive note for the local housing market, which is showing signs of consumer confidence and stability after a slowdown last year.
"We've definitely seen a recovery," he said. "That definitely shows an increase in consumer confidence. People are getting back into the market. They're realizing their dreams of home ownership."are helping put home ownership back within reach for some, but access for seniors and first-time buyers remains a major issue.
"During the peak times of COVID in 2021, houses were only taking about seven days to sell. Now sitting at about 20 days on market, which is still a really quick figure," he said.'Perfect storm' in the Outaouais
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