Housing prices in Ottawa increased slightly year-over-year in December but were down when compared to the month before, according to the Teranet-National Bank Composite Home Price Index.
The index, which tracks changes in the prices of single-family homes, was up 1.1 per cent when compared to December 2012. When compared to November, however, the index decreased 0.3 per cent.
Ottawa was below the average month-over-month and year-over-year increases for the 11 cities the index measures.
OBJ360 (Sponsored)
A Canadian surgical first at The Ottawa Hospital using VR technology
The Ottawa Hospital’s discoveries never end! They found a new way to take patient care into the future, today using VR technology.
How to mitigate AI legal risks by asking the right questions
Does AI hallucinate? According to local employment law expert Zoriana Priadka of Emond Harnden, it does. Find out how to mitigate your risk as an employer.
Calgary, Vancouver and Toronto had the largest percentage increases when compared to December of last year. Victoria was the only city to see a year-over-year price decrease.