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. 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 strong spring and many properties trading hands in the first half of 2024. As a result, we have seen a modest uptick in luxury home prices. Supply has been on the rise thanks to the completion of more luxury builds, in addition to a renewed sense of confidence among sellers.
" The Royal LePage report says properties selling for over $2 million this year have an average of 4.6 bedrooms and 4.4 bathrooms.
Sezlik expects the luxury market will see "consistent activity" through the fall, "followed by a seasonally typical upswing" next spring. Ottawa was one of four Canadian cities to see an increase in the average price for a luxury home sold in the first eight months of the year. Halifax saw an 8.
6 per cent increase in the cost of a luxury home, while Winnipeg saw a 4.9 per cent increase and Toronto reported a 3.9 per cent increase.
The Royal LePage survey lists a different minimum threshold price for a luxury home, depending on the market. The minimum threshold for a luxury home ranges from $5.5 million in Vancouver and $4.
75 million in Toronto to $2.5 million in Montreal, $1.75 million in Calgary, $1.
5 million in Halifax and $1 million in Quebec City and Winnipeg. Here is a look at the most expensive homes sold in Ottawa so far in 2024 (according to Redfin.ca) Ottawa Top Stories NEW THIS MORNING | Voters in Bay of Quinte choosing new MPP after departure of Todd Smith CTV News in Italy | Stolen Winston Churchill 'Roaring Lion' portrait returned after ceremony in Italy Hot and humid weather continues in Ottawa with temperatures feeling like 32 Maplewood Secondary School students could be in classes next week if school passes next inspection Ottawa sees boost in luxury home sales so far this year Woman missing, man rescued on Ottawa River after going out in a kayak Search underway for dog missing after collision on Highway 417: Ottawa OPP You will be able to 'dine-in-the-dark' at this new Ottawa restaurant CTVNews.
ca Top Stories Lebanon is rocked again by exploding devices as Israel declares a new phase of war Walkie-talkies exploded in Beirut and other parts of Lebanon on Wednesday in a second wave of attacks targeting devices a day after pagers used by Hezbollah blew up, state media and officials for the militant group said. At least 20 people were killed and more than 450 wounded in the second wave, the Health Ministry said. CTV News in Italy | Stolen Winston Churchill 'Roaring Lion' portrait returned after ceremony in Italy A special ceremony at the Canadian Embassy in Rome marked the successful recovery of an iconic portrait of Winston Churchill after a two-year search by Ottawa police.
NASA scientists recreate Mars 'spiders' on Earth for first time NASA scientists have successfully replicated spider-like shapes found on the surface of Mars in a laboratory setting for the first time. Ontario mother scammed out of $1,800 in Taylor Swift ticket scam An Ontario mother lost $1,800 hoping to get Taylor Swift tickets for her seven-year-old daughter. 'I don't understand how someone could just take advantage of someone and their hard-earned money, and it was a gift for a seven-year-old girl,' Dana Caputo, of Tottenham, Ont.
, told CTV News Toronto. 'It starts off innocent': Manitoba man loses $185,000 to crypto-romance scam A Manitoba man is warning others after he fell victim to an elaborate online scam over the summer. Huge python grabs Thai woman in her kitchen, squeezes her two hours before she can be freed A 64-year-old woman was preparing to do her evening dishes at her home outside Bangkok when she felt a sharp pain in her thigh and looked down to see a huge python taking hold of her.
Federal government to further limit number of international students The federal government will be further limiting the number of international students permitted to enter Canada next year. It's the government's latest immigration-related measure to address Canadians' ongoing housing and affordability concerns. Florida sheriff fed up with school shooting hoaxes posts boy's mugshot to social media A Florida sheriff fed up with a spate of false school shooting threats is taking a new tactic to try and get through to students and their parents: He's posting the mugshot of any offender on social media.
Quebec woman charged with first-degree murder in death of five-year-old boy A 29-year-old Quebec woman is facing a first-degree murder charge in the death of a five-year-old boy southwest of Montreal. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop.
Read about us. Editor's Picks These Silk & Snow Sheets Stopped Me And My Partner from Arguing Over Bedding (And They're On Sale Right Now) 14 Products That'll Help You Live Your Best, Coziest Life This Fall School Has Officially Begun, And Here Are A Few Essential Supplies That Won't Break The Bank Home 14 Pieces Of Fall Decor That’ll Give Your Home Autumnal Vibes These Smart Cleaning Products Will Make Doing Your Chores Way Easier Our Guide To The Best Smart Thermostats In Canada In 2024 (And Where To Get Them) Gifts 15 Of The Best Birthday Gifts To Give This Month 18 Top-Notch Presents And Gift Add-Ons That Anyone Would Love To Receive 15 Of The Best Gifts To Give A One-Year-Old For Their First Birthday Beauty The Best Gels, Pomades, and Waxes That'll Keep Your Hair In Place These Beauty And Skincare Products Will Help You Create A Flawless Base These 12 Setting Sprays Will Actually Keep Your Makeup From Budging Deals From Wayfair To Walmart: Here Are The Best Deals You'll Find Online This Weekend From Anthropologie To Amazon: Here Are The Best Deals You'll Find Online This Weekend Beauty Week Has Officially Begun On Amazon Canada — Here Are The Best Deals You Can Find Atlantic New Brunswick Premier Blaine Higgs expected to call provincial election Thursday A 33-day provincial election campaign is expected to officially get started Thursday in New Brunswick. 'It never stopped:' Popular pizza parlour returns to Moncton Like a phoenix from the ashes, Zio’s in Moncton is soaring once again.
New freeway between Lower Sackville and Dartmouth, N.S., delayed again The multi-million-dollar highway connector between Lower Sackville and Dartmouth has been delayed again.
Toronto Ontario mother scammed out of $1,800 in Taylor Swift ticket scam An Ontario mother lost $1,800 hoping to get Taylor Swift tickets for her seven-year-old daughter. 'I don't understand how someone could just take advantage of someone and their hard-earned money, and it was a gift for a seven-year-old girl,' Dana Caputo, of Tottenham, Ont., told CTV News Toronto.
No subway service along stretch of Line 2 due to 'oil-like substance' on tracks: TTC There is no subway service along a section of Line 2 this morning due to an “oil-like substance” on the tracks, the TTC says. Here are the restaurants in the 2024 Michelin Guide Toronto & Region The Michelin Guide released its 2024 restaurant selection for the Toronto region Wednesday night. Here are the four new establishments getting a Michelin star: Montreal Quebec won't fund graphite mine project tied to Pentagon; locals claim 'victory' This week, the Quebec government rejected Lomiko Metals Inc.
's application for public funding, a decision many say reflects the will of the people who live near the proposed site for the graphite mine in the Laurentians region of Quebec. Quebec woman charged with first-degree murder in death of five-year-old boy A 29-year-old Quebec woman is facing a first-degree murder charge in the death of a five-year-old boy southwest of Montreal. Police investigating 'suspicious' fire on Montreal's West Island Police have launched an investigation into a suspicious fire that broke out in a residence in Kirkland, on Montreal's West Island, on Wednesday night.
Northern Ontario Detour available after serious collision on Hwy. 101 A detour is now available after Highway 101 closed in both directions between Foleyet and Highway 144, police said Wednesday. Criminal charges stayed against Ministry of Labour, five others, in 2006 Sudbury mining death In court Wednesday, the director of Ontario's Complex Prosecutions Bureau said he was staying criminal charges against the Ministry of Labour and five others in connection with a mining fatality in 2006.
Cleanup of chemicals at North Bay airport to begin within weeks Remediation work at the North Bay Jack Garland Airport is set to begin in the next few weeks. Windsor Amherstburg to remove Boblo Island Dock Amherstburg town council has secured the funding they need to get rid of a historical eye-sore. Police seek suspects after $64,000 bank fraud Windsor police are asking for the public’s help to identify two suspects involved in a $64,000 bank fraud investigation.
Ontario Nurses Association and WECHU navigate pay increases for nursing staff Contract talks are heading to conciliation for nurses with the Windsor-Essex County Health Unit (WECHU). In 2019 the nurses were on strike for two months to back their contract demands. London Sentencing hearing in field party shooting The mother and brother of an 18-year-old who was shot and killed during a teen field party more than three years ago gave emotional victim impact statements on Wednesday.
Children's Museum needs another $1 million to open doors by year's end The London Children’s Museum says it will not be able to open its new site by the end of the year, as planned, unless it can come up with another $1 million. $10-million lawsuit filed against Fanshawe College Fanshawe College is being sued over supposed deficiencies in its paralegal program. A proposed class action seeks $10 million in damages on behalf of hundreds of students enrolled in the college's paralegal program since 2020.
Kitchener Three missing people from Kitchener haven't been seen since Sept. 1 Police are hoping the public can help them locate three missing people from Kitchener. 40 people displaced due to fire at Brantford’s largest homeless shelter A fire broke out Tuesday night at Rosewood House, Brantford’s largest homelessness shelter, leaving 40 residents without a place to stay or the essential services they rely on.
Blair residents fear new Amazon facility will bring more noise and traffic Residents in Blair say they’re concerned with the potential noise and traffic that will come with the newest Amazon fulfilment centre set to open this month. Barrie Brides and vendors claim they were ripped off by Barrie photographer A growing group of brides and wedding photographers from across the province say they have been taken for tens of thousands of dollars by a Barrie, Ont. wedding photographer.
Grey County ticket wins half the record-breaking Lotto Max jackpot Check your lottery tickets because someone who purchased a ticket in Grey County is an overnight multi-millionaire, having won half of the historic lottery jackpot. Two people dead after shooting in Keswick park York Regional Police say two people are dead after a shooting at a park in the community of Keswick. Winnipeg 'It starts off innocent': Manitoba man loses $185,000 to crypto-romance scam A Manitoba man is warning others after he fell victim to an elaborate online scam over the summer.
'Substantial seizure': $300K worth of stolen vehicles recovered from Winnipeg compound More than $300,000 worth of stolen vehicles were seized from a Winnipeg compound earlier this month, police announced Wednesday. $1 phone bill surcharge for 911 upgrades delayed in Winnipeg The City of Winnipeg is moving toward a new and improved 911 system, but a plan to pay for it has hit a snag. Calgary Calgary mayor, council left in 'very compromised position' by Green Line calamity Calgary's Mayor Jyoti Gondek says city council is in 'a very compromised position' after the derailing of the Green Line LRT.
Motorcyclist killed in crash on Macleod Trail One person is dead following a collision between two vehicles along Macleod Trail. Alberta's $8.6B school plan prompts concerns over funding of private builds The provincial government's multibillion-dollar plan to fast-track the building of new schools is raising concerns over the funding of private school construction.
Edmonton Fire that affected more than 100 people in southwest Edmonton 'suspicious': police Police say a fire in a southwest Edmonton neighbourhood early this morning is "suspicious." "Disheartening and disconcerting': Smith criticized for 'shared values' comments in provincial address Premier Danielle Smith is drawing criticism over comments made during her provincial address. 52-year-old man charged with sexually assaulting teen boy A 52-year-old man is facing sexual assault charges in connection with the assault of a teen boy.
Regina Executive committee passes purchase of new homeless shelter, council approval required Regina Executive Committee has passed the purchase of a new building for a low-barrier homeless shelter in Regina. Tornado warning in place for parts of southeast Sask.: Environment Canada A tornado warning is in place for parts of southeast Saskatchewan on Wednesday evening.
Yorkton RCMP seize cocaine in drug trafficking investigation An ongoing investigation into drug trafficking has resulted in the seizure of cocaine in Yorkton, according to RCMP. Saskatoon Thomas Hamp believed a 'secret police' were after him the night he killed his girlfriend Thomas Hamp says he believed secret police were out to kidnap, torture, and kill him when he fatally stabbed his girlfriend Emily Sanche in February of 2022. Teen faces new charge in Sask.
high school arson attack A 14-year-old student who allegedly set her classmate on fire is facing a new charge. 'I thought I was dead': Man electrocuted, burned at SaskPower hydro dam calls for compensation May 9, 2022 was the day Blayne McKay thought he was going to die. He called his wife to say goodbye, after getting electrocuted at the SaskPower Island Falls Hydroelectric Station, about 100 kilometres northwest of Flin Flon.
Vancouver Credit cards, passports, licences: Metro Vancouver police find thousands of pieces of stolen mail New Westminster police believe they uncovered evidence of an identity fraud operation when they found some 8,000 pieces of stolen mail in a home in the city’s Uptown neighbourhood. Former federal cabinet minister not ruling out court action to get a new B.C.
Liberal Party Former federal Liberal cabinet minister Herb Dhaliwal wants to help fill the political gap left by the collapse of BC United. Provincial parties discuss public safety as Vancouver BIA presses for platform details Just over one month before British Columbians head to the polls, public safety – and perceptions of public safety – appear to be issues that will dominate on the campaign trail. Vancouver Island Former federal cabinet minister not ruling out court action to get a new B.
C. Liberal Party Former federal Liberal cabinet minister Herb Dhaliwal wants to help fill the political gap left by the collapse of BC United. B.
C. police watchdog clears Mounties of wrongdoing after man's arm broken during traffic stop British Columbia's police oversight agency says there are no grounds for criminal charges against four Mounties after a man's arm was broken during an arrest on Vancouver Island. 'Trove of extraordinary fossils' discovered in northern B.
C., museum says Paleontologists from the Royal B.C.
Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.
Kelowna Pregnant pit bull with 10 puppies rescued from rat-infested B.C. home Animal protection officers in British Columbia have rescued three pit bulls – including one that gave birth to 10 puppies – from a rat-infested home in Kelowna.
Son charged with B.C. woman's murder: RCMP More than a year after a missing Kamloops, B.
C., woman’s body was found, her son has been arrested and charged with her murder, Mounties announced Friday. Woman stabbed during daylight Kelowna home invasion: RCMP A woman suffered life-threatening injuries after being stabbed during a home invasion in Kelowna, according to authorities.
Stay Connected.
