Ottawa's real estate market is seeing some great gains across the board. The best performing neighbourhoods in Ottawa compared with July 2017 have been Hintonburg / West Centre Town with a 12.1% increase, Barrhaven with a $12.7%, Manotick / Kars with a 10.4% increase, Blossom Park, Airport with a 10% increase, Overbrook and Castle Heights with a 10% increase, Elmvale Acres with a 9.8% increase and finally Kanata has seen a 9.6% increase in the last 12 months.

The benchmark prices are below.

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Ottawa's real estate market is seeing good growth this summer according to recent Ottawa Real Estate Board's news release. The neighbourhoods South and West of Ottawa have seen the biggest amount of activity. Buyers tend to favour less expensive neighbourhoods of the City compared to the hot and more central neighbourhoods such as Westboro and New Edinburgh and the stretch along Carling up to the new DND Campus.

The benchmark price for single family homes rose to $428,800 in July which is an in...

As property prices on the East Coast and in Vancouver, British Columbia hit all time highs most home owners are happy with the increase as they envision their profits at the time of selling their home.

For many seniors however, looking to stay in their home, rising home prices means higher property taxes and these can sometimes hit hard with those with a fixed income. 

The Ottawa Citizen reported on an elderly couple who in 1972 bought their bungalow for $40,000. Their home is now worth 4 mill...

I've explained how the Ottawa real estate market is seeing rapid growth early on in 2018. In February 2018 the condo sales were essentially driving the market. Quality rentals are hard to find in Ottawa as vacancy rate is quite low. Because of increase in the downtown rental rates many tenants are choosing to purchase small condo condos instead of renting.

Below are some trend analysis including historical charts for condos for both the average sale price and number of units sold. The hottest s...

You've landed here because you've heard the Ottawa real estate market is hot and there is a shortage of inventory. This is true. Many areas of our city are seeing buyers in multiple offer situations and many neighbourhoods of Ottawa are in a sellers market.

Sales volume for February 2018 were lower than February 2017 largely due to the fact that real estate agents in Ottawa had not enough homes to sell. Buyer demand is there but our inventory is low both for the residential-class and condominiu...

The following is the Ottawa Real Estate Market's sales history. The Ottawa Real Estate Board tracks the average sale price of properties in the Ottawa area between 1980 to today. 

Along with the Ottawa Real Estate Price History the board also tracks the number of homes sold every year as well as the total dollar volume of all the transactions. The last column contains the amount of agents that were members of the Ottawa Real Estate Board.

If you are in the market to buy or sell real estate in...

We are now in 2018 and can now look back at the Ottawa Real Estate Market and create statistics and look at the market trend. After a few years are slow and steady growth of 2.3% to 1.2%, Ottawa's real estate market in 2018 saw a big increase in price. The average house price in Ottawa for 2017 was $392,474 which is a 5.4% increase over 2016.

If you are in the market to buy or sell a property in Ottawa and would like to discuss your real estate goals, market trends, average house prices and the...