Ontario Real Estate Market April 2017 Update

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 1,613.

What is the hottest real estate segment in Ottawa? Homes priced between $300,000 and $399,999. 

If you are in the market of selling your home or condo this year call Roch St-Georges to discuss your real estate goals. 613-889-7732