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.
After two years of COVID slowdowns, this festive season is extra special for local business owners and vendors like the Mehra family.
Four years after the University of Ottawa opened its first satellite campus in Kanata North, the university is expanding its presence in the tech park.
Sales since the beginning of 2012 have been “on a steady incline,” the board stated, with increases seen in both inventory and prices.