Ottawa's real estate market is warming but not at an alarming rate. Compared to April of 2013, the number of sales in April 2014 was down by 9.5%. This included 257 condos and 1,163 freehold properties. There have, as to be expected, been more properties change hands in April than in March of this year so June is looking quite bright.
The average days a property is on the market was 45 days and the average sale prices are on par with the prices from April last year.
Mortgage companies are really competing for business now with really low rates! This is a great time to buy. The market seems to be fairly balanced and mortgages are cheep! Let me know how I can help.