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2020 Market Analysis

1/13/2020

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In 2019, house prices increased by 8.4%, while unit sales rose by 6.6%. In 2020, Royal Lepage has predicted the average home price in Ottawa to increase by 4.5% to $516,000.Royal Lepage also predicted  “the median price of a condominium is expected to increase 3.5 per cent year-over-year to $341,300, while the median price for a two-storey detached home is forecast to rise 5.0 per cent year-over-year to $547,600”.Royal Lepage is crediting   this rise to Government stability and sustained growth in the high-tech sector. With Ottawa in the midst of growth, and inventory being tight, multiple offers on homes between 300K and 500K are extremely common, from condos to detached homes. 

​We are clearly in a sellers market! If you feel the need to sell, this is a perfect environment to optimize the value of your home.  


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Royal LePage Performance Realty, Brokerage 165 Pretoria Avenue,
Ottawa, Ontario K1S 1X1.
Office: 613-238-2801
Toll Free: 1-877-757-7386
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  • Home
  • LISTINGS
    • FEATURED PROPERTIES
    • SOLD PROPERTIES
  • ABOUT
  • BUYERS
    • HOME FINDER
    • OUR COMMITMENT
    • WORK WITH A REALTOR®
    • MORTGAGE CALCULATOR
  • SELLERS
    • SELL YOUR HOME
    • WORK WITH A REALTOR®
    • HOME EVALUATION
  • Testimonials
  • CONTACT
  • Blog
  • Helpful Links