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We believe an informed client is strategic to the buying or selling of a home on the real estate market here at Ottawa Homes and Condos. Please feel free to explore this site for any of our houses/condos for sale, or our rentals. You will find current market information as well as access to all real estate listings in the Ottawa region. Our Condo Info section updates you on sales of condos in major buildings in the city of Ottawa and their real estate locations. If you have questions regarding real estate housing; condo or residential sales, please contact us.
Keeping you INFORMED:
End of Summer sales – Canada
TORONTO – Sales of existing homes in Canada rose in August from July, hitting the highest level since January 2010, the Canadian Real Estate Association (CREA) said on Monday, but it predicted sales will peak in the third quarter and decline in 2015.
The industry group for Canadian real estate agents said sales were up 1.8% last month from July. Actual sales for August, not seasonally adjusted, were up 2.1% from August 2013.
CREA’s home price index rose 5.3% from August 2013, matching July’s year-over-year gain. The national average price for homes sold in August, not seasonally adjusted, was $398,618, up 5.3% from the same month last year.
“Sales activity in recent months has remained stronger than was anticipated earlier this year,” Gregory Klump, CREA’s chief economist, said in the report.
See the full report from the Ottawa Sun here: http://www.ottawasun.com/2014/09/15/canadian-home-sales-surge-in-august
We are also involved in residential property management in Ottawa, houses and condominiums.
August 2014 in the Ottawa real estate market, advises us on the “typical summer slow down”, but prices still on a slow increase.
There were 219 condos sold in August 2014 as compared to 270 condos in August 2013, in Ottawa. A decrease of 18.9% in number of condo units sold. The condo market suffering through a slow summer month.
The average sale price of a condo was $263,996 in August 2014, as compared to an average sale price of $256,999 in August 2013. An increase of 2.7% on the average sale price in this real estate sector.
There were 984 residential houses sold in August 2014 as compared to 946 in August 2013. An increase of 4% in the number of houses sold in the residential real estate market in Ottawa. Strong market sector being indicated here.
The average sale price for August 2014 was $381,628 compared to an average sale price of $374,599 in 2013. A 1.9 price increase. An interesting month in the residential market for Ottawa real estate…
Ottawa is one of the most stable real estate markets in Canada. Prices remain steady in Condos, residential units and multi-units, although volume is experiencing slight declines, particularly in condo sales.
Re-visit Ottawa Homes and Condos for all the latest updates! We have some great listings on our featured listings page; New real estate listings on the market!