Houses for Sale in Ottawa
Invest in Ottawa’s Housing Market with Point59 Realty
The housing market activity in Ottawa has returned to near long-term averages. The market has maintained ground-breaking prices, which has been a safe bet for sellers in 2021 & 2022. This is because of low housing inventory and increased demand. These conditions are projected to persist throughout the year, leading to an increase in prices. Ottawa homes prices are expected to increase across all properties.
What Drives the Ottawa Housing Market?
Move-up buyers are expected to drive the Ottawa housing market in 2022. Currently, Ottawa is on the seller's market season, which means that homebuyers find it challenging to purchase a home. The season is often characterized by low inventory and frequent bidding wars.
Move-up buyers are also driving the luxury property market. The market has recorded an increase in demand since the start of the coronavirus situation. Various reports suggest that the trend might continue throughout the year.
COVID-19 has changed homebuyers’ needs, with more space being a priority. The factors behind this trend include a rise in remote work, a desire for less density, and lower housing prices. Buyers are also less concerned with longer commuter times to find a property that suits their needs.
Sell with Point59 Realty
At Point59 Realty, we have a professional and full-service team ready to provide the expertise you can rely on. With years of experience, we have sold hundreds of homes across the Ontario region. For new houses for sale in Ottawa, you can reap the benefits of our 0.59% commission with zero upfront fees today.