Royal LePage report looked at the relative purchasing powers of “peak millennials” – those aged 25 years or older – in cities across Canada.
"There are not a lot of new homes being built in the region and as a result, the properties that do go up for sale are receiving multiple offers.”
One of the big questions for 2018 is whether the current low inventory levels of homes for sale will persist.
Realtor says high consumer confidence, demand from Toronto buyers putting pressure on Ottawa market.
A shortage of listings and a surge in demand in putting upwards pressure on home prices in Ottawa, Royal LePage said Thursday.
After ending 2016 with a bang, Ottawa’s residential real estate market is poised for modest gains this year, according to one of the country’s largest realtors.
Home prices in Ottawa continue to rise at roughly twice the city’s inflation rate, but are still a bargain compared to many other urban centres across the country, a new report says.
Housing prices in Ottawa were up slightly during the second quarter of 2016, according to the latest Royal LePage house price survey.
The average price of a home in Ottawa dipped slightly in the third quarter of 2015, Royal Lepage said this week.
The price of a home in Ottawa climbed slightly in the second quarter according to the Royal LePage House Price Survey and Market Survey Forecast released Tuesday.