Ottawa sales slip as winter bites

Home resales in the Ottawa market were down 4 per cent year-over-year in January with 601 homes sold through the Ottawa Real Estate Board’s MLS. The milder weather earlier in the winter gave way to more typical conditions in January.

“Residential unit sales were down, while condominium unit sales were up, over last year,” says OREB president Shane Silva. “Residential two-storey and bungalow homes continue to have the highest concentration of buyers, with three-storey homes increasing in sales by over 50 per cent since this time last year. Two-storey condominium properties had a similar increase, showing the same amount of unit sales as one-level properties.”

Prices increased by 4.6 per cent year-over-year to $386,839 for a residential-class property; but were down 1.3 per cent to $247,205 for condos.

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