Almost 15% more Ottawa properties sold in May over April of this year, and residential properties continued to increase in value by 2.3% over May 2012!
Bungalows and 2 Story homes comprised the majority of properties sold in May. With low interest rates and a wide variety of inventory available, Ottawa continues to be a great place to Buy and/or Sell your home!
Note: the Board cautions that average sale price info can be useful in establishing trends but should not be used as an indicator that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold for that period.