Ottawa Housing Market

Ottawa housing market sees hottest July in 15 years

Members of the OREB sold 1,842 homes this past month, a jump compared to 1,605 units last year and well above July’s five-year average of 1,579. Condo properties helped fuel the uptick in activity with 460 units changing hands, an increase of 23 per cent year-over-year. Residential-class properties, which include detached, semi-detached and multi-unit homes, accounted for 1,382 sales in July, up 12.3 per cent from last year.

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