No Signs of Slowdown in Ottawa Resale Market - November 2020

“As far as average prices go, year to date prices are a more reliable indicator of what property values are doing over time, especially when we look at figures from the final quarter of the year. In November 2018, we saw a 3-5% gain in YTD average prices; a year later in 2019, they were up 9% for both property classes. Now in 2020, YTD average prices are 19-20% higher. This trajectory can be attributed to a concurrent decrease in inventory, which continues to be a challenge in our active market. The residential housing stock is 50% lower than last year at this time.” states Ottawa Real Estate Board President Deb Burgoyne.
It is important to note that each communty and neighbourhood could perform differently. 

See below the Ottawa, Kanata, Stittsville and Barrhaven results for November 2020. 

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McCune Real Estate Team-RE/MAX Hallmark 613-323-1134 
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