From the blog...


Posted on: March 16th, 2018 by Chris Scott
A story on the “hot” Ottawa housing market was recently featured in the Globe and Mail. I have been a Realtor for 14 years and I have never seen an article in this paper about Ottawa’s market. This National coverage is usually only reserved for the big markets of Vancouver or Toronto. Our housing market right now is just hard to ignore.


Prices are up again over last year. Our average price for a residential-class property was up 2.7% over last February, sitting at $429,600. In the residential-class property segment, there were 729 units sold which is a decrease of 5.3% over last February. This is likely due to less inventory. In the condo market, 250 units sold which is an increase of 7.8% from last February and a price increase to 5.6% with the average sale price at $274,174 for condos in Ottawa last month. With a combined total of 979 units sold in February and an overall decrease of 2.3%.


Ottawa Monthly Chart for Newsletter
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