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Ottawa Real Estate Market Update - April 2018

Blog by Jean Richer - Bilingual Salesperson | May 7th, 2018

The Ottawa Real Estate Board has just released the statistics for April 2018. It has been a VERY active month for real estate transactions in the Ottawa Real Estate market. We are still seeing price increased, more transaction but the inventory is still on the low side. 

The average prices are as follows:
Residential: $455,212
Condos: $269,294

There are still many buyers out there looking for their perfect home. Could your home be the one they are looking for? The new mortgage rules don't seem to have affected the buyers, even this early in the season. We are looking forward to a busy Spring Real Estate market in the Ottawa area. 

If you would like a free market evaluation of your home, make sure to reach out. We are always here to help!