Ottawa Residential & Condo Price Trends - November 2022 to December 2022

As you see below, the average sale prices of residential properties in 6 out of 10 districts in Ottawa have decreased while the average sale prices of condos have increased in 6 out of 10 districts. These trends may indicate that buyers, especially first-time home buyers, looked for homes they can realistically afford due to rising cost of living from inflation and increasing mortgage rates. As well, real estate investors who looked for properties that offer value in generating positive cash-flow and appreciation.

 

 

 

 

 

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Avenue North Realty.

We are leaders in the real estate community with a reputation for integrity, dedication and as equally important, we are known for achieving results. Our professional, motivated and trustworthy Team Members are committed to delivering quality service for both buyers and sellers. From the very start of your search to the day of your sale, whether it is a condo, townhouse, cottage, farm, or commercial property that you are looking to buy or sell, we are here to help you with real estate choices.

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Direct:613-890-7653
Office:613-739-9999

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