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

Ottawa, Land Sales, Industrial Development, Residential Development

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.

July 19, 2023

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