Have a look at the April 2019 Market Statistics for Condominiums in Ottawa.
Members of the Ottawa Real Estate Board sold 438 condominium-class properties in April 2019, an increase of 5.3% from April 2018.
Condo inventory is down almost 40% from last April. Despite this tight supply, the increase in unit sales is effectively coming from the condo market.
The average sale price for a condo in Ottawa was $307,659, an increase of 14.3% from April 2018.*
The most prevalent price point in the condo market, which had increased to the $225,000-$349,999 price range last month, remains the same.
Curious about April 2019 market statistics for residential class properties in Ottawa as well? Click here to read the full story.
*Average sale price can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The calculation of the average sale price is based on the total dollar volume of all properties sold. Price and conditions will vary from neighbourhood to neighbourhood.