The aggregate price of a home in Ottawa rose 7.7 per cent year-over-year to $469,407 in the first three months of the year
Ottawa's tight housing supply, combined with a healthy local economy, is driving up prices in the capital, according to Royal LePage
Re/Max points to the mortgage stress test and rising interest rates as factors affecting the capital’s housing market this year and expects that influence to continue
The blistering pace of home sales in the capital slowed a bit in November – but not because of any dampening in demand, according to the Ottawa Real Estate Board
Ottawa’s low rental vacancy rate, coupled with a strong labour market, is pushing more residents into the housing market and increasing demand.
One of the big questions for 2018 is whether the current low inventory levels of homes for sale will persist.
Condo sales up 22% last year.
Realtor says high consumer confidence, demand from Toronto buyers putting pressure on Ottawa market.
Properties are spending fewer and fewer days up for sale, while the average sale price in August was up 7.8 per cent year-over-year to $420,335.
More condo owners are bringing units to market as oversupply wanes