October Market Highlights for Ottawa
The number of condo units sold is up over 24% from the same time last year, while the average price stayed very close to the same. The relative affordability of condos is attracting many first-time home buyers.
Residential units sold was up 8.5% and the average sale price increased by 5.7%.
Ottawa is still facing a “shortage” of homes for sale, and the imbalance between supply and demand is pushing up home prices.
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