Ottawa Real Estate Update May, 2022
Note: Even though rising interest rates, growing buyers frustration, as well as the housing supply measures recently announced by the government – these could all be causing buyers to pull back however the building materials cost are increasing. The pull back is temporary and the market is predicted to be a hot seller market again.
iDeal Properties Realty
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| April 2022 | April 2021 | # of Sale | # of Sale +/- | |
|---|---|---|---|---|
| Residential | $829,318 (+12%) | $740,462 | 1,419 | -23% |
| Condominium | $473,702 (+11%) | $426,758 | 470 | -13% |
| Total Sale | 1,889 | -21% |
Note: Even though rising interest rates, growing buyers frustration, as well as the housing supply measures recently announced by the government – these could all be causing buyers to pull back however the building materials cost are increasing. The pull back is temporary and the market is predicted to be a hot seller market again.
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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