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Ottawa real estate market keeps hitting new highs
Some 1,214 homes traded hands last month, according to figures released by the Ottawa Real Estate Board Thursday. That compares to 1,159 a year earlier and a five-year average for October of 1,130.
“October’s sales continued the record-breaking resale trend for the third straight month,” stated Ottawa Real Estate Board president Shane Silva, adding that last month’s year-over-year increase was due to higher condominium sales.
Average resale prices continued to tick upwards in October, reaching $392,579. That’s up 3.3 per cent more than a year earlier and an increase of nearly $9,000 from September.