Housing prices in Ottawa continued their decline, for the fifth straight month, in January, according to the Teranet-National Bank Composite Home Price Index.
The index was down 1.1 per cent from December and declined .6 per cent when compared with January 2013.
The index tracks the change in prices of single family homes across Canada, comparing them with a June 2005 baseline.
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For the fifth year in a row, Ottawa will become the epicentre of Canadian culinary excellence in late January. Chefs from Ottawa, Vancouver, Edmonton, Calgary, Saskatoon, Winnipeg, Toronto, Montreal, Moncton
For the fifth year in a row, Ottawa will become the epicentre of Canadian culinary excellence in late January. Chefs from Ottawa, Vancouver, Edmonton, Calgary, Saskatoon, Winnipeg, Toronto, Montreal, Moncton
Of the 11 major cities included in the index, Halifax and Victoria were the only others to see prices decline.
Vancouver saw the biggest increase, both month to month and year over year.
