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

chart of average volume sales and average price per acre from Q1 2020 to Q2 2023
  • 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.

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