Ottawa Home Sales Solid in June

Members of the Ottawa Real Estate Board sold 1,712 residential properties in June compared with 1,543 in June 2010, an increase of 11 per cent. The five-year average for June sales is 1,695. Of those sales, 378 were in the condominium property class, while 1,334 were in the residential property class. 

“It’s obvious that the dream of home ownership is alive and well in Ottawa, with solid sales numbers like these. First-time buyers are out in the market in a big way, due to continued low interest rates, and after last year’s HST-affected spring, we’re seeing a return to what the June resale market usually looks like in Ottawa,” said Board President Joanne Tibbles. The average sale price of residential properties, including condominiums, sold in June in the Ottawa area was $353,560, an increase of 8 per cent over June 2010.