Ottawa's Resale Housing Market Tilts West

By: Colleen Lyle & Joey Grimm

Ottawa's Resale Housing Market Tilts West

Tags: Ottawa Real Estate Market

According to the Ottawa Real Estate Board, the Ottawa Resale Housing Market in West Ottawa neighbourhoods is outpacing those in Ottawa East.  Prices for Ottawa Single Family Homes have risen by 7.1% over the year to $403,000, however in all the areas tracked by the Board, 16 of them recorded double digit percent increases in house prices, and all these were in west end neighbourhoods.  Contributing factors include a stronger performance by our High Technology Companies in Kanata North, DND's continued expansion to their new National Defence Headquarters on Carling Avenue, and the strong retail sector in the area.

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