The July 2016 Ottawa real estate statistics increased by 4.3 percent from July 2015, with a total of 1,491 residential properties sold. Of those 1,491 sales, 1,214 of them were residential, and 277 of them were condominiums.
According to the president of the Ottawa Real Estate Board (OREB) Shane Silva, " Prices have remained quite steady in comparison to last year, with the increased number of units sold nudging the total sales volume up for the year.”.
The sale price of residential homes has increased from last July by 1.1 percent, with an average of $398,608 in July 2016. Condominium prices have also seen an increase of 1.2 percent from last July, with an average of $259,794 in July 2016.
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