Canadian Real Estate Association
CREA’s report is the latest proof the Ottawa market is heating up.
An expected interest rate hike on Wednesday may dissuade potential home buyers, according to some observers.
Housing prices in Ottawa were slightly up from the previous year in July, according to the Canadian Real Estate Association.
As housing prices in Canada continue to rise, sales are starting to taper off.
The average price of a house in Ottawa rose slightly in November, the Canadian Real Estate Association said Tuesday.
The Ottawa residential real estate market was flat in the first quarter of 2015, according to the Royal LePage House Price Survey released Wednesday.