Sale prices of homes, both condominium and residential, have been on a gradual incline for the past decade but this year in 2017 we saw a huge jump from $370,833 in 2016 to an average sale price of $393,797 in 2017 as we near the end of the year. That’s an increase of 6.10%. More houses were sold this year as well though not by as much of an increase.
We look forward to 2018 being another great year for the Ottawa real estate market. Always feel free to contact us for more market information, including detail market information for your neighbourhood or a neighbourhood you are interested in purchasing in.