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Manotick Messenger February 23, 2023

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PAUL’S PHARMACY Manotick’s only locally owned Pharmacy 613-692-0015

These cards accepted

Mon. - Fri: 9 a.m. - 8 p.m. Sat: 9 a.m. - 5 p.m. Sun: 10 a.m. - 4 p.m.

www.pharmasave.com

VOL. 39 • No. 4

MANOTICK, ONTARIO

990 River Road Manotick Across from Tim Hortons

www.manotickmessenger.ca

Friday February 24, 2023

Study shows Manotick with largest decline in Ottawa property value

Members of the South Carleton Storm girls volleyball team get ready for a serve against Woodroffe in their National Capital Secondary School Athletic Association senior girls volleyball contest Thurs., Feb. 16. For a complete rundown of high school sports scores and results from the area, see page 15.

A study done by Labrosse Real Estate Group of Ottawa and the surrounding communities in Eastern Ontario has shown that Manotick homes had the largest drop in value in the region in 2022. Labrosse Real Estate Group ran the study to analyze the data of real estate sales in 2022 to find out which communities gained the most value and which community were the “biggest losers.” “The study analyzed all of the sales that the Labrosse Real Estate Group made in 2022 in combination with all the sales data found in the MLS real estate database,” stated Nick Labrosse of Labrosse Real Estate Group, which is headquartered in Orleans. Labrosse Real Estate’s study found that amongst all

the neighbourhoods in the greater Ottawa area, Carp had the most significant increase in average home value. With a mega gain of 15.20% compared to the average of -0.40%. Perth and Carleton Place comes in a close second place with a massive gain of 14.40%. Rockland & Casselman come in third place with an impressive gain of 12.50%. All these numbers are impressive, considering most areas of Ottawa came near breaking even with an average of -0.40% Two areas have losses. Among all neighbourhoods in the greater Ottawa area, Manotick had the most significant loss, with a 4.2% decrease in home value. Alexandria has the only other loss, with only a 0.5% loss. The average sales price in

Manotick for all of 2022 is $1,067,000 compared to the 2021 average sale price of $1,114,000, resulting in a loss of -4.60%. Results for surrounding villages like Richmond, North Gower, Osgoode and Greely were not included in the results provided by Labrosse. However, Metcalfe was included, and showed a gain in the value of the average home. The average sales price in Metcalfe, for all of 2022 is $932,500 compared to the 2021 average sale price of $889,000, resulting in a gain of 4.90%. The Messenger reached out to Labrosse for more information on the study and what factors may have led to the poor showing by Manotick, but our emails and phone calls were not returned before press time.

Manotick

“Thank you for supporting your community-minded, locally-owned hardware store. It is your support that Open: allows us to give back THE MEWS OF MANOTICK Monday - Saturday 8-6 to the community.” Sunday 9-5

613-692-3591


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Manotick Messenger February 23, 2023 by J Morris - Issuu