Real estate agents in the city are “fortunate to enjoy one of the most stable real estate markets” in the country, according to the president of the Ottawa Real Estate Board (OREB).
OREB released September numbers Friday that showed members of the board sold 1,133 residential properties, compared with 1,118 in September 2013.
The five-year average for the month is 1,103.
OBJ360 (Sponsored)
Investing in the next generation: Ottawa businesses encouraged to build futures through mentorship
Do you remember the mentor in your life who helped shape your career? In the business world, success often depends on the connections we build, fuelled by guidance and support
The value of an Algonquin College degree: Experiential learning, taught by industry experts
Zaahra Mehsen was three years into a biology degree at a local university when she realized she wanted to take a different path. “I realized that it’s not my thing,”
Randy Oickle said volume and sales prices were stable for August and September and comparable to 2013 on a year-to-date basis.
In September, 232 condominiums were sold along with 901 residential properties. The average price was $254,036 for a condo and $383,406 for a home. The average condo price was down 1.2 per cent from last year, while the average house price increased 3.2 per cent.
“The $300,000 to $399,999 price range continues to have the highest concentration of properties sold, followed by the $500,000 to $749,999 range, which is closely followed by the $275,000 to $299,999 price range,” Mr. Oickle said in a statement.
