Ottawa’s 2021 Market Overview
What a year it has been! And Ottawa’s hot market reflects that! The Ottawa Real Estate Board published their annual stats and the 2021 President, Debra Wright, had some choice words, “Ottawa’s housing inventory challenges have been and will continue to place an upward pressure on prices. Reviewing the year-end figures for 2021, the average sale price year to date was $719,605 for residential-class properties and $419,683 for condominium units. These values represent a 24 per cent and 16 percent increase over 2020, respectively.”
With antsy buyers on the horizon and eager sellers looking for the right moment to list, we can expect 2022 to be just as exciting. If you’ve been nervous about dipping your toes in the market, contact PREMIER! We have the inside scoop on how to BUY, SELL, and INVEST in the Ottawa Real Estate Market!
