April 2016 Survey

Second-best April on record for Ottawa resales

OTTAWA, May 5, 2016 - Members of the Ottawa Real Estate Board sold 1,714 residential properties in April through the Board's Multiple Listing Service® system, compared with 1,567 in April 2015, an increase of 9.4 percent. The five-year average for April sales is 1,568.

The average sale price of a residential-class property sold in April in the Ottawa area was $403,603, an increase of 0.2 percent over April 2015. The average sale price for a condominium-class property was $261,017, a decrease of 1.8 percent from April 2015. The board cautions that average sale price information 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 Ottawa resale market continued its steady pace upwards in April, making it the best april for unit sales on record since 2010," says President of the Ottawa Real Estate Board, Shane Silva. "Units sold are up 548 since March, increasing in both the residential and condominium property class."

OREB Monthly News Release - 2016 - April

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