From the blog...


Posted on: March 8th, 2017 by Chris Scott


According to the OREB the average sale price in Ottawa last month jumped 8.5 per cent to $417,400 from February the previous year. There were over 1000 transactions which is higher than the previous five years. The February average over the past five years was 872. This higher-than-usual transaction reduced the inventory of available homes but we consider the market to still be roughly in balance between buyers and sellers.

Almost half of the residential sales involved two-storey houses. The sale price in this segment in February averaged $440,300 which is up 10.5 per cent from February 2016. Prices for bungalows averaged $366,000, which are also up 2.3 per cent from February last year.

Please see below the sale price changes for single-family homes from February 2016 to February 2017 by Ottawa districts.


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