Ottawa housing prices dip slightly in October: Teranet

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Housing resale prices in the Ottawa-Gatineau region were down slightly in October, according to the Teranet-National Bank National Composite House Price Index, but still measured higher than a year ago.

The index, which tracks changes in the resale price of single-family homes, was down 0.5 per cent for Ottawa last month when compared to September.

Local prices increased when compared to October of last year, Teranet found, but only slightly.

The index is up just under one per cent when compared to the same period a year ago.

Among the eleven markets Teranet measures, the index increased 0.1 per cent month-over-month in October. It’s up three per cent from the same period a year ago.

Calgary, Hamilton and Toronto had the largest price increases while prices were down in Victoria and Halifax.