Ottawa home resales inched up in October as the local market continued a strong second half of 2013, the Ottawa Real Estate Board announced Tuesday.
Members of the board sold 1,090 residential properties last month, the organization said. That’s a two-per cent increase over the 1,069 sold in October 2012 and around the five-year average of 1,091.
“This is a welcome change from the first half of 2013, where we saw continuous decreases, albeit small ones, in the number of units sold,” said Ansel Clarke, the past president of the OREB, in a statement.
(Sponsored)
Family-owned Coke Canada Bottling investing to grow in Ottawa-Gatineau
Have you ever wondered where your favourite Coca-Cola products come from? Few people in know that over 300 popular beverages products, like Coca-Cola, Coke Zero, Fuze, Fanta, Monster Energy, A&W
Invest with confidence: Hydro Ottawa funds technical studies for business retrofits
For Ottawa businesses, the opportunity to improve building performance has never been greater. Energy retrofits can cut emissions, strengthen operations, extend the life of assets, reduce operating costs, and position
Prices averaged $360,085 for the month, a 4.1-per cent increase from $345,756 a year earlier.
“The Ottawa market is proving, once again, to be a steady, balanced market,” said Mr. Clarke.
The strong housing resale activity in the second half of the year still hasn’t been enough to overcome a slow start, however.
OREB members sold 12,378 as of the end of October. That’s down 3.2 per cent from the 12,783 units sold during the first ten months of last year.
