Page 15 - Debra Wright News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Article content Wright noted, too, that the COVID-19-related state of emergency that was declared in March 2020 pushed down sales then, a contributing factor to this year’s comparative increase. The portion of resales in the Ottawa area that sold for more than the asking price also increased, from 60 per cent a year ago to almost 80 per cent in 2021. Six per cent sold for the asking price this March, while 14 per cent sold for less than asking. Meanwhile, March’s average sale price for a condominium-class property was $437,041 in 2021, an increase of 18 per cent over last year, while the average sale price for a residential-class property was $758,802, an increase of 35 per cent from a year earlier.

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