Saturday, November 5, 2016

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. 
For the complete article from the OBJ, please click here

1 comment:

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