Ottawa house prices soar 42% in April, real estate board says
Stricter measures aimed at slowing the spread of COVID-19 this spring had little effect on Ottawa’s torrid housing market in April as the average price of residential properties continued to soar, the latest figures from the Ottawa Real Estate Board show. Residential-class homes in Ottawa sold for an average of nearly $743,000 last month, a 42 per cent increase over April 2020, OREB said Wednesday. The average condo, meanwhile, went for nearly $430,000 – 30 per cent more than a year ago. More than 2,400 properties changed hands in April, compared with 911 the previous year – but th...