Sales Down, Prices Up!

Sales of resale homes slipped in January compared to the same month last year. According to the Ottawa Real Estate Board, 675 resale homes were sold during the month, a decrease of 6.1 per cent from the 719 sold in January 2010. The board said the January numbers mark a return to a normal selling pace for Ottawa’s real estate industry. The board said the average selling price of a resale home in Ottawa was $329,657 in January, a 3 per cent increase over the same month one year ago. So even though the number of units sold dropped, an increase in prices affirms that Ottawa real estate a winning investment.

About tylerlaird
Having been born and raised in Ottawa, this city is more than my home, it is a part of who I am and the basis from which all other cities must be compared. I have watched it grow and progress in its size and over time I found myself naturally drawn to the different neighbourhoods, with their varying characters, layouts and styles. After earning a BA in Law from Carleton University, Tyler discovered a new passion, real estate. In 2010, he began to use his passion for Ottawa’s various housing styles and diverse neighbourhoods, to help many people find that place that they can call home.

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