The market is assessing the impact of Coronavirus. The impact in Toronto will likely be significant but may not be as strong as some fear.
2019 was an exceptional year for Metro Ottawa home prices. The value of a benchmark house rose by close to 12%. Apartment and Townhouse prices rose throughout the year too.
Buyer interest was higher year-over-year.
The Ottawa Real Estate Board (OREB) doesn't publish active listings but the national statistics show consistently that price rises appear to be driven more by a lack of willing sellers than by growing demand.
A typical Metro Ottawa household can still afford current house prices and there is a very low risk of a bubble when Ottawa is compared to Metro Toronto
Metro Ottawa real estate prices are still facing several high impact risks before taking the Coronavirus into account.
