September 2017 was a good month overall for Ottawa Real Estate! The number of units sold increased by 1.6% in comparison to September 2016, with average prices also increasing by 8.6%.
The main reason for the price increase is due to the low supply of available homes, which leads to a lot more bidding wars on properties. The areas of the city seeing this trend are in the West and South, with some other pocket areas throughout.
Ottawa Real Estate Board Stats for August 2017
August 3, 2017
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It was a strong market for Ottawa for the first half of 2017 and you can see the Ottawa Real Estate Board Article below:
"Members of the Ottawa Real Estate Board sold 2,162 residential properties in June through the Board’s Multiple Listing Service® System, compared with 1,985 in June 2016, an increase of 8.9 per cent. The five-year average for June sales is 1,818.
My random trip to IKEA with my Real Estate Investor C
Happy Fathers Day Dad and to all the great Fathers out there!
Happy Sunday!
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We had a great month in May for Ottawa Real Estate with 2300 units sold compared to 1919 units sold in May 2016 which is a 19.9% increase. This was a large part because of the condo market which saw an increase of 44% more condo sales compared to May 2016.
Why do I love working with first time home buyers?
