Housing Market Shows Increases: GOHBA

This is an edited release from the Greater Ottawa Homebuilders’ Association:

The latest data on new home sales confirms a sustained momentum  from the beginning of the year into March. According to the most recent Ottawa New Home  Market Report, 313 new homes were sold last month. These figures represent a 58 per cent  increase compared to March of last year when 198 sales were recorded. This also signifies a  modest rise from February, during which 286 new homes were sold.

“The steady increase of new home sales is a terrific sign for the housing market as we venture  further into the year,” said Jason Burggraaf, Executive Director of the Greater Ottawa Home  Builders’ Association. “It feels like consumer confidence is improving, and that the pent-up  demand from last year is starting to be seen in sales centres.”

With three months of data secured, the trajectory of new home sales in 2024 continues to rise.  The 872 sales confirmed year-to-date represent an 84 per cent increase compared to the same  period last year when sales were at 473.


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1 Response

  1. John Langstone says:

    Improved sales are solving the housing crisis indeed. What about housing starts and completions? Looks like meaningless subliminal good news messaging from our home builders association.

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