Market Report for April 2019
Like the Energizer Bunny, it just keeps on going. April-over-April and year-over-year, average prices are strongly up for both freehold and condo properties.
Number of condo resales has also increased significantly on both timescales, which is great for those owners who watched their resale options tumble after various mortgage regulation changes.
Buyers for freehold homes are being particularly hit by our low inventory in the Ottawa market - multiple offers, sales over asking prices, and in record short times. This is also happening to many of the condos being offered for sale, both apartments and townhomes. ...read more...