The number of sold properties in Ottawa in August 2016,295 condominiums and 1,189 residential properties, the total of 1,484 compared with 1,276 in August 2015 an increase of 16.3%.
The average sale price for condominium-class property was $272,166 an increase of 11.1% from August 2015.
The average sale price for residential-class property was $398,786, an increase of 2.5% of from August 2015.
“The hottest segments in our market for August continued to be two-storey and bungalow residential homes in the $300,000 to $400,000 price range, however, there were six more properties sold in the $1 million plus range. ”
"Ottawa housing market is feeling the impact of Vancouver new foreign home buyers tax and could become the number two destination for foreign buyers in Canada.”
“To date, this has been a record-breaking year for units sold, not only are we up 16.3% over last year, this has also been the best August on record ever for Ottawa Real Estate Board Members.”
SOME THINGS ARE FOREVER, THIS PROMOTION IS NOT:
Buying a house from a Builder? or Buying a re-sale house?
Get 15% of our commission as a cash back upon closing.
For resale and new home transactions, we use the following formula to calculate your 15% commission rebate: Property Purchase Price net of HST x commission offered by the builder/seller (min. 1.5% to a max of 4%) x 15%.
A $400,000 resale home purchase x 2.5% x 15% = $1,500.