Resale homes increased by about 14 per cent year-over-year this May, according to numbers from the Ottawa Real Estate Board.
Members of the board sold 1,896 residential properties compared with 1,659 last year. The sales in May 2012 included 364 condominiums.
Average sales price across all residential properties increased more than three per cent to $362,837 this year. Condominium prices bumped up 2.5 per cent to $268,831.
OBJ360 (Sponsored)
Connecting homebuyers with convenient, attainable options in Ottawa’s west end
Minto Communities has been building new homes, master-planned communities, and condominiums for almost 70 years across North America, always putting homeowners and homebuyers first. To ensure the best quality of
Foster employee wellness and show your appreciation with Ingenium
Helping employers better connect with employees, and their families, is the thinking behind the corporate memberships offering from Ingenium.
Sales since the beginning of 2012 have been “on a steady incline,” the board stated, with increases seen in both inventory and prices.