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Article content Wright noted, too, that the COVID-19-related state of emergency that was declared in March 2020 pushed down sales then, a contributing factor to this year’s comparative increase. The portion of resales in the Ottawa area that sold for more than the asking price also increased, from 60 per cent a year ago to almost 80 per cent in 2021. Six per cent sold for the asking price this March, while 14 per cent sold for less than asking. Meanwhile, March’s average sale price for a condominium-class property was $437,041 in 2021, an increase of 18 per cent over last year, while the ...

The average price of a residential-class property jumped 27 per cent to nearly $720,000 last month compared with February 2020.

Author of the article: Anita Murray Publishing date: Mar 04, 2021  •  March 4, 2021  •  5 minute read  •  The most expensive listing currently is this Charleston Lake retreat, which offers six villas and four other buildings rather than a principal house. It’s listed by Marilyn Wilson Dream Properties for $12 million. Photo by Photo dreamproperties.com Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Article content The sale of an almost $5 million ho...

House Hunting in Canada: Octagonal Riverfront Views Outside Ottawa After lagging behind larger Canadian cities for years, Ottawa saw home prices balloon in 2020, fueled by a surge in demand and ‘inventory at historic lows.’ By Michael Kaminer $3.77 MILLION ($4.795 CANADIAN DOLLARS) Set on the banks of the Rideau River, this custom-built four-bedroom home is in Manotick, a village about 15 miles south of Ottawa, Canada’s capital city. The 3.4-acre property includes 264 feet of water frontage, with two boat slips. “It’s rare to acquire a property on the river with this much waterfront...

  OTTAWA -- The COVID-19 pandemic didn't slow down Ottawa's real estate market in 2020, with a record $10 billion worth of properties sold in the capital. A total of 18,971 residential and condo units were sold in Ottawa in 2020, compared with 18,613 in 2019.  The Ottawa Real Estate Board says the average sale prices of both homes and condominiums increased 20 per cent and 19 per cent over 2019 respectively. "When analyzing the year-end figures, what clearly stood out what that although the number of units sold was only slighter higher than last year, the total sales volume topped a re...