Ottawa Real Estate Market Update Apr, 2023
As evidenced by the recent climb in freehold prices, Ottawa’s resale market is stabilizing along with the interest rate. Condos remain steady due to their lower price point, there’s more affordability based on the current interest rate structure. Prices are certainly headed in the right direction.
If you are interested to know about sold prices or any information about any properties please contact us.iDeal Properties Realty
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| March 2023 | March 2022 | # of Sale | # of Sale +/- | |
|---|---|---|---|---|
| Residential | $710,070(-17%) | $855,506 | 893 | -40% |
| Condominium | $418,670(-13%) | $481,229 | 301 | -42% |
| Total Sale | 1,194 | -37% |
As evidenced by the recent climb in freehold prices, Ottawa’s resale market is stabilizing along with the interest rate. Condos remain steady due to their lower price point, there’s more affordability based on the current interest rate structure. Prices are certainly headed in the right direction.
If you are interested to know about sold prices or any information about any properties please contact us.
iDeal Properties Realty
1730 St. Laurent Blvd. Suite # 800
Ottawa, Ontario, K1G 5L1
613-366-1713
www.iDealPropertiesRealty.com
Email to: info@iDealPropertiesRealty.com
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