The January deep freeze had no adverse effect on home sales in the capital, according to the Ottawa Real Estate Board.
In numbers released Wednesday, OREB said its members sold 627 properties in the first month of 2015, 40 more than January 2014, and just six short of the five-year average.
“The cold weather proved not to be a deterrent for buyers in January,” OREB president David Oikle said in a statement, adding OREB members also assisted clients rent 183 properties.
OBJ360 (Sponsored)
Public-private collaboration is Canada’s innovation engine — but it needs fuel
Fidus Systems Inc.’s selection last year as AMD Adaptive Compute Partner of the Year is a reflection of the world-class talent the company has assembled in Ottawa. As the first
ExecHealth brings Canada’s leading advanced longevity program to National Capital Region
Ottawa’s ExecHealth was one of the first private clinics in Canada to provide personalized, ongoing primary care, having opened its doors 20 years ago this year. Now the pioneering local
The January sales included 513 residential properties and 114 condominiums.
New listings in January doubled that of December, something Mr.Oikle called normal as the spring market – usually a busy time – approaches.
The average sale price of all properties was $348,617, up 0.5 per cent from January 2014. The average condo went for $250,406, down 5.8 per cent from last year. The average residence sold for $370,442, up 0.5 per cent from last January.
Mr. Oikle said the board is anticipating a busy 2015.
“The possibility of interest rates approaching record lows will provide even more opportunity for homebuyers,” he said.
