Ottawa resales up 13% in March

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Ottawa Real Estate Board members have sold almost 13 per cent more houses and condominiums year-over-year since last March, according to numbers released Wednesday.

The sales of 1,396 that month is above the five-year average of 1,276 in March.

"With interest rates continuing to be low, it is no surprise that  the market remains healthy and balanced," stated Ansel Clarke, president of the Ottawa Real Estate Board.

Members sold 277 condominiums and 1,119 residential properties.

Average sales price rose to $353,684, up 2.1 per cent from March last year. The average sale price is based on the total dollar volume of all properties sold.