Ottawa real estate monthly report month of  Nov, 2017

The new guidelines and stress test for the mortgage industry that will take effect on Jan. 1, 2018 has fueld the Ottawa Real Estate market.

The number of sold properties in Ottawa in October 2017, 261 condominiums and 982 residential properties, the total of 1,243 compared with 1,214 in October 2016 an increase of 2.3 %.

The average sale price for condominium-class property was $269,604 an increase of 6.7% from October 2016.

The average sale price for residential-class property was $425,256 an increase of 7.7 % from October 2016.

In the residential market, the $300,000 to $399,999 range and in the condo market the $175,000 and $249,999 range remains the most active price point in the market, accounting for 33.3 per cent and for 45.2 per cent of the market. Condominium sales has increased 21.4 per cent and properties continue to sell much faster over the same time period last year.

Where is the current Ottawa Real Estate Market?

We are able to determine the market growth in every neighbourhood in Ottawa, So if you are interested to know about real estate trends in any areas in Ottawa, please contact us


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