Ottawa Real Estate: Luxury real estate market sees 13 per cent increase in sales so far in 2024 [Video]

The average price for a luxury home in Ottawa increased two per cent in the first eight months of the year, as sales activity increased in the $2 million plus range for a new home.

The 2024 Royal LePage Luxury Market Report shows the average sale price for a luxury home in Ottawa was $2.442 million in the January to August period, up from $2.395 million in the same period in 2023.

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Ottawa’s real estate market saw a 13 per cent increase in sales activity for homes over $2 million in the first eight months of the year.

“Last year was sluggish for the Ottawa luxury market as clients took a wait-and-see approach,” Charles Sezlik, sales representative of Royal LePage Team Realty, said in a statement.

“We turned a corner this March, resulting in a …