Active condo listings rose by 18 per cent—a number that has not been seen for a month of December since 2012.
The average condo selling price was up by 8.3 per cent year-over-year in the third quarter to $633,484. The average overall selling price in the City of Toronto was up by a similar rate over the same period.
In-person condo showings are permitted in Ontario as long as real estate professionals follow provincial and local public health guidelines.
When compared with statistics from January 2014, residential property sales in the Ottawa region increased 6.8 per cent in January, according to recent data released by the Ottawa Real Estate Board (OREB). This included 114 condominiums which sold for an average price of $250,406. On a month-to-month basis, new residential and condo property listings more than doubled those registered in December.