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Published 1 year ago

Ottawa home sales down 33 per cent in September as buyers remain hesitant, OREB says

Summary by Ground News
1,080 residential properties sold in Ottawa last month, down from 1,601 properties in September 2021. The average sale price for a residential class-property dropped 0.5 per cent in September from 2021, to $706,658. Condominium prices increased from $421,996 in August to $450,987 in September. The Bank of Canada raised its overnight rate by 75 basis points in September, moving its policy rate to 3.25% from 2.5%.

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