1,621 houses were sold as compared to 1,526 in 2008; an increase of 6.2%. 348 condos were sold as compared to 370 in 2008; a decrease of 5.9%.

Average sale prices continued their increase. The average selling price of a house rose to $329,368 compared to $314,608 in 2008; a 4.7% increase. The average selling price of a condo increased to $231,351 from $221,212 a year earlier; a 4.6% increase.

Will the recession come to Ottawa? Low, low mortgage rates are injecting this market, while the rest of Canada has slowed.

Please have a look at the average sale price history below. The times that we are experiencing is very similar to the mid 1990's.

Below is a chart with average sale prices for Ottawa. Ottawa is a very steady real estate market.

Ottawa Statistics

Condo News

BUYING A NEW CONDO FROM THE BUILDER

Question: Who is representing you in the purchase of a new condo from a builder?

Answer: Unless you are using a real estate professional; No one.

This is a little bit distressing. You are at the mercy of the builder salesperson. Using our services to represent you in the purchase of a new condo does not cost any fee or inflate the sales price. The builder has a reserve fund setup for real estate commissions. Whether he or she does, or does not pay out a commission, will not affect your purchase price.

We can save you thousands of dollars on your condo buy. We advise you re: best finishes and options for resale, and as well, we negotiate the sale price for you.

Just one thing, though; to do this, we must register you with the builder, prior to you registering on your own.

Try us out! We’re sure you will be pleased by the results. Let us work for you!

Larry Balkwill & Réjean Grégoire