Ottawa Real Estate Update  May, 2021
April 2021 April 2020 # of Sale # of Sale Increase
Residential $743,204 (+42%) $523,383 1,859 +166%
Condominium $427,145 (+30%) $328,573 543 +155%
Total Sale 2,402 +164%

Ottawa real estate market moving upward and it does not show any signs of slowing down, most of listings are sold on multiple offers and way higher than the asking price.
The average days of the listings on the market is very low because houses are sold quickly and that’s one of the reasons the inventory is low.
Did Covid-19 have any impacts awa real estate market? Yes, for sure, positive impact, people are working from home, kids are studying online, then bigger spaces are needed.
Rental market also is very hot and properties are rented very fast with good cash flow.

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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