CONDO SALES CONTINUE TO STRENGTHEN OTTAWA RESALE MARKET
The November stats are out. Here are the 3 key details to keep in mind:
- 995 residential properties were sold in November, compared with 986 in November 2015, an increase of 0.9%. The five-year average for November sales is 939.
- The average sale price of a residential-class property sold in November in the Ottawa area was $405,320 an increase of 6.5% over November 2015.
- The average sale price for a condominium-class property was $277,650, an increase of 1% over November 2015.
Source: Ottawa Real Estate Board
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