Ottawa resale market stable in June

The resale housing market in Ottawa was broadly stable in June, according to data from the Ottawa Real Estate Board.

The 1,694 homes sold was 2.2 per cent higher than the same month last year and the best figure for the month since 2011.

The board says that the first half of 2015 has seen a 4.9 per cent increase year-over-year.

The average price of a home in Ottawa has increased by 4.1 per cent from a year earlier to $404,254, while condos are up 5.1 per cent to $271,415. 

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