After a year that saw home average home prices jump 20 per cent, Ottawa homebuyers can expect little relief in the months ahead, according to a major Canadian real estate brokerage.
“The strong seller’s market is expected to persist through 2021, as demand continues to outpace supply in Ottawa,” Jason Ralph, managing partner at Ottawa’s Royal LePage Team Realty, said in a statement Friday after the company released its latest house price survey.
Last month, Royal LePage predicted the average price tag of an Ottawa home will rise 11.5 per cent this year, fuelled partly by an influx of buyers from the Toronto area looking for better value as well as surging demand for roomier properties in the COVID-19 era.