Ottawa real estate agents sold 9.3 per cent fewer homes last month when compared to the same time a year ago amid signs of a slowing local housing market.
The Ottawa Real Estate Board said Tuesday that its members sold 914 residential properties in February 2013. That’s down from the 1,008 properties resold during the same month in 2012.
“It is clear that the Ottawa resale market has slowed down in comparison to this time last year,” said OREB president Tim Lee in a statement.
(Sponsored)
New dean of uOttawa’s Faculty of Engineering brings a history of entrepreneurship and innovation
Caroline Cao has been impressed by many aspects of uOttawa’s Faculty of Engineering since being appointed dean in August. But it was after the faculty’s recent Design Day – a
New dean of uOttawa’s Faculty of Engineering brings a history of entrepreneurship and innovation
Caroline Cao has been impressed by many aspects of uOttawa’s Faculty of Engineering since being appointed dean in August. But it was after the faculty’s recent Design Day – a
Home prices also fell slightly, dropping to $346,774 from $350,645 in February 2012.
Mr. Lee said he is confident the market will pick up speed later this year, despite the declining year-over-year numbers. He pointed out that realtors sold 315 more homes in February 2013 than a month earlier.
“The market seems to be picking back up as we approach the busy spring season,” he said in the news release.
