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This Ottawa neighbourhood was the 'biggest loser' for property values in 2022, study finds

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Homeowners in Carp are the big winners for rising property values in the city of Ottawa, while Manotick was the 'biggest loser' as the only neighbourhood with declining property values in 2022, according to a new study.

A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Prospective buyers have lamented the torrid pace Canada's real estate market has moved at in recent years, but many feel 2023 may be the year their luck changes. THE CANADIAN PRESS/Sean Kilpatrick

Labrosse Real Estate Group analyzed the data of real estate sales in 2022 to find out which neighbourhoods gained the most value, and "which ones were the biggest losers". The study analyzed all home sales in the MLS real estate database last year.

 

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