Ottawa reports strong home sales in August

Home sales were up 12.5% year-over-year in the Ottawa market, with 323 sales in the month, building on July numbers by 1.8%.

The monthly stats from PMA Brethour Realty Group sets the scene for strong September sales too, according to Patrick Meeds, the group’s head of new home sales.

“While (year-to-date) sales are close to 8% off the five-year average, sales for the month came in 2% above the five-year average for the first time in over a year," he told the Ottawa Citizen.

"We expect September sales to continue to be positive."
 

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