Overall sales in Ottawa were down compared with 2020 for the second straight month.
Ottawa Real Estate Board
With many office towers and traditional mainstreets still quiet, tenants and landlords alike face an uncertain outlook.
The average sale price of a residential-class property in the capital was about $685,000 last month, up 17 per cent from a year ago.
The average price of a residential-class property in Ottawa was $725,970 last month, up 26 per cent from a year earlier but below the year-to-date average of more than $734,000.
The average residential-class property in the capital sold for $741,000 in May, an increase of 35 per cent over the same month a year ago.
Residential-class homes in Ottawa sold for an average of nearly $743,000 last month, latest figures show.
Average sale price for a residential-class property was $758,802, an increase of 35% from a year ago.
The average price of a residential-class property jumped 27 per cent to nearly $720,000 last month compared with February 2020.
While nearly half of all homes trading hands in the capital sold for less than $400,000 in 2019, less than a third of all transactions last year were in that price bracket, agency says.
That's up slightly from 10 years ago but still well below the “affordability threshold” of 30 per cent, according to the new report from real estate search portal Point2.