Your home is often the biggest investment of your life. You always hear about ‘location, location, location’ being the biggest factor for increases in value and as it turns out, the hot spots in Ottawa are shifting. The Ottawa Citizen is reporting:
While the benchmark price for single family homes climbed 6.6 per cent year over year across the city to $398,400, the districts posting the largest gains are all in the west.
How much has your home increased in the last year? Well, if you’re in Hunt Club/Windsor Park, you’re the big winner with gains of 20%!!
Condo sales in Ottawa are up. The average price of a condominium is $270,768. According to this article, condos sales are helping to strengthen the local market.