Ottawa sees Home Prices Increase by 6.6% Year of Year

Ottawa's real estate market has seen a strong year. The average price of a residential-class property in Ottawa has increased by 6.6% year over year. This increase is led by a 7.4% increase in prices of two-storey single-family homes. The graph below shows the price increase since 2005.

If you are contemplating buying or selling a property in Ottawa in the coming months and would like to discuss your plans call Ottawa real estate agent, Roch St-Georges at 613-889-7732.

Vanier Construction Projects - December 2018

The neighbourhood of Vanier located east of Downtown Ottawa has been seeing lots of new construction projects include many different types. From infills of single family homes to semi-detached properties all the way to planned condominium developments to retirement homes. Vanier has been seeing lots of movement when it comes to real estate. Here are some real estate projects currently underway in the Vanier neighbourhood at the beginning of December 2018.

67-71 Marquette Avenue

Builders are now on the second level of this 3.5 storey apartment building that will house 22 rental units and as well as covered parking.

62, 64, 66, 68, Jolliet Avenue

Homes are being built on this site with front/back units.

135 Barrette Street

Condominium project located in Vanier between Beechwood Avenue and Barrette Street. It will see the existing church repurposed for a retail food store, a restaurant at grade level, a new building as well as underground parking. There will be 38 residential units and 44 parking spots.

136 Laval Street

This property one had a detached house. This house has been demolished and in it's place the landowners have built semi-detached homes.

If you are planning on buying a property or land for investment in the Vanier area or have questions about the Vanier real estate market please call 613-889-7732 to discuss with Roch St-Georges, Ottawa real estate agent with EXIT Realty Matrix.

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