Ontario see's largest housing market gains over past decade
In the last 10 years Ontario has seen the largest housing market gains thanks to a combination of factors including population growth, low interest rates, and investments.
The Ottawa Region has seen gains of 44% compared to 119% in the Greater Toronto Area. In Ottawa the average price in 2007 was $273,058 while the price in 2017 stood at $392,474.
Low borrowing cost has helped the province's real estate market tremendously. Those who purchased closer to 2007 have seen significant gains. Ottawa had over 17,000 sold properties in 2017.
If you are thinking of buying or selling a property in the Ottawa trust the services of Roch St-Georges, a broker with EXIT Realty Matrix LTD. Call 613-889-7732 to discuss your real estate needs.