“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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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.