Where Are Ottawa Property Prices Going These Days?

As shown below, in the residential market, 6 out of the 10 districts in Ottawa, experienced an increase in the average sale price of residential properties, led by Carleton Place, which had the most significant increase among the districts.

Similarly, in the condo market, 6 out of the 10 districts in the city also had average sale price increases , led by (in the following order) Riverside South, Kanata, Stittsville, and Hunt Club, which gained the most significant increases. 

The districts with significant price increases in the residential and condo markets may indicate buyer preferences for affordable housing options at those locations, especially for condos. Time will tell how the sale prices will be affected by the anticipated interest rate cuts in June 2024. Stay tuned for more updates on this.