The Ottawa market is hot, with a notable upward trend in the sales of seasonal homes according to Ottawa Real Estate Board.
There has been a mini-boom in cottage and recreational property sales. Canadians are enjoying what Canada has to offer – quiet backwoods, lakefront, and other types of seasonal properties. With some buyers even looking at these remote locations for a permanent solution. COVID-19 has ushered in the era of working from home and with this new remote working option, cottage properties are becoming more attractive for these individuals adding to the uptick in recreational property sales.
According to the Ottawa Real Estate Board statistics for June, it is not just seasonal homes that are selling fast; more than half of the Ottawa properties sold in June were sold above their asking price, with July showing the same upward trend.
As of today, the Housing market report for August shows that a home on the market has a median of 40 days with housing sales up 16.7%.
This is a great time to sell.
If you are thinking of downsizing, relocating and want to list your property, let the experts at Larry Aldea Real Estate take the worry and unexpected out of your experience. We are here to get you the best value for your home. Call us today at 613-601-6834 or visit our website at www.larryaldea.com