The average price hike in Ottawa was nearly 15 per cent, giving a new total of $433,500 — up $56,300 as of December, according to benchmark data published last month by the Canadian Real Estate Association.
Remarkably, the absolute gain was double that registered by homeowners in greater Toronto over the same two-year period. In Vancouver, house prices were flat while sellers in Calgary and Edmonton had to settle for less than what their homes were worth in December 2016. Only Montreal among the large cities witnessed significant gains in real estate prices approaching those of Ottawa. Read More