Here is a recent news article regarding Canada’s condominium market:

http://www.vancouversun.com/business/Condominium+market+Canada+heating/3757559/story.html

In a nutshell, the condominium market is up across many of Canada’s large markets such as Ottawa, Toronto and Vancouver.  In Ottawa, the condo market is up 11.9%  The actual average condo price in Ottawa is up, however, still an average of $100,000 less expensive that owning a single family home, making it a more realistic alternative for first-time home buyers.

If you are also thinking of owning a condo in the Ottawa area, check out:

http://www.condohotline.com/ottawa

Here you will find information on many of Ottawa’s condominium complexes including condo fees, lists of amenities, previously sold units and current units listed for sale.

If you have any questions regarding buying or selling an Ottawa area condo, contact us via our Ottawa real estate website, or by calling one of our Ottawa sales representatives at 613-288-2455.

Have a great day!