Ottawa's housing market in November 2024 showed a price surge despite fewer sales

Ottawa's housing market in November 2024 showed a price surge despite fewer sales
Ottawa's housing market in November 2024 showed a price surge despite fewer sales compared to the previous month. While overall sales increased year-over-year, average home prices rose 4.6% to $667,098, with single-family homes and townhouses seeing modest price gains. Apartment prices, however, decreased. Increased housing inventory, coupled with fewer new listings, points to a complex market situation influenced by upcoming interest rate changes and mortgage rule modifications. Experts predict a typical seasonal slowdown, but buyer and seller activity remains present.


https://www.housesforsaleottawa.ca/ottawas-housing-market-november-2024/ https://www.housesforsaleottawa.ca/ottawas-housing-market-november-2024/

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