One Bedroom vs Two Bedroom Condos in Ottawa

One Bedroom vs Two Bedroom Condos in Ottawa
by Dave Williams

An investor wonders how do One bedroom and Two bedroom condos measure up, so we took a look.

Condo Comparison ~ 1 vs 2 bedrooms 2011 to April 2013 in OttawaOne bedroom condos sales have been increasing in numbers (up 9% when comparing 2011 and 2012) while decreasing in average price (down 2.5%) over the last few years, which could be due to a supply of cheaper condos hitting the market.

While 2 bedroom condo sales have been declining in sales #’s (down 15% from 2011 to 2012) while increasing in price from 2011 to 2012 by about 8%.

What I really found telling is the current inventory, 163 singles and 227 doubles currently for sale in those areas which represents 62% and 76% of 2012’s sales respectively.  There are so many for sale that buyers really have their choice.  This makes it a great time for buy & hold investors as the prices are being driven down because of inventory.

Find out how housing prices are doing in your neighbourhood.

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