Ottawa house prices expected to rise 5% in 2022, Re/Max says
Firm predicts the city’s housing inventory will grow slightly in the year ahead but says “low levels are expected to remain a concern.”
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Firm predicts the city’s housing inventory will grow slightly in the year ahead but says “low levels are expected to remain a concern.”
The Ottawa Real Estate Board says 1,677 residential properties were sold in Ottawa in October, down from 2,132 in October 2020.
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Even so, average residential prices in August were still $190,000 higher than they were just two years ago, or 39 per cent higher.
Posted: Jul 11, 2021 4:00 AM ET | Last Updated: July 11 âIncredible unaffordabilityâ of housing still leaves many priced out of the market, analyst says CBC News Ottawa2 days ago 1:06Ben Rabidoux, president of Edge Realty Analytics, says houses in Ottawa are still unaffordable for first-time homebuyers, something he says isnât likely to change anytime soon.1:06