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...
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Prince of Whales, Carling at the Queensway, Orleans, Coventry Road, Kanata Centrum, Greenbank and Hunt Club and Walkley at Heron.
The Ottawa housing market is hot! Spring has arrived in Ottawa and agents are busy selling properties. Average property prices in May 2017 for Ottawa have risen to $436,625 a jump of 7.4 percent compared to May 2016.
May 2017 also had the highest recorded number of sales in a single month. May sales included a total of 444 condominium class properties and 1,856 in the residential class.
Sales volume continues to trend towards a seller's market in many neighbourhoods of the City.
High-end pr...
Ottawa's real estate market is heating up. Average home prices for the month of April 2017 rose by 7.9% over April 2016. The current average home price for the City of Ottawa is now $435,833 while condo class properties cost an average of $268,553 which translates into a increase of 2.9% for the condo class.
Ottawa Realtors sold 1,795 properties in April on the MLS. This is a 4.9% increase over the same period last year when they had sold 1,711. The 5 year average for the month of April is 1,61...
