September 2014

There are 1 blog entries for September 2014.

In the Ottawa Real Estate Board's latest news release, they are reporting that although sales for August of 2014 were down 1.1% from the previous year, they were still higher than the 5 year average and the average sale price increased for both residential homes and condos. The average sale price for Ottawa condos in August was $263,996 which is a 2.3% increase from August of 2013. For residential properties as a whole, the average sale price came in at $381,628, which is an increase of 1.9% from last year.

Typically one can take these average sale prices with a grain of salt however, as the results can be skewed when larger million dollar plus homes and condos sell. President of OREB, Randy Oickle even makes note that the number of residential