Ottawa Real Estate Market Report  Mar, 2021
Feb 2021 Feb 2020 # of Sale # of Sale Increase
Residential $717,914 (+27%) $565,286 1028 +24%
Condominium $407,671 (+17%) $348,436 362 +19%
Total Sale 1390 +23%

The inventory is significantly lower than 2020 – a combined 46% decrease in housing stock for residential and condos, It is because houses are getting sold as fast as possible,
the average days on the market is 14 days.

Due to the low interest rate, the house prices are gone up and going sharply. If a house price is $500,000 with 2.4% interest rate and 20% down payment for 30 years amotization , the monthly Payment is approximately $1600.00pr month.
Also if a house price is $600,000 with 1.6% interest rate and the same terms, the monthly payment is approximately $1600.00.

If you are interested to know about any neighbourhoods in Ottawa, or If you are thinking of buying or selling your house, call us anytime for a FREE PRICING EVALUATION, it is never too early or too late to speak to us. We look forward to your call. 613-366-1713.

iDeal Properties Realty
1730 St. Laurent Blvd. Suite # 800
Ottawa, Ontario, K1G 5L1
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