Although there are those industry experts that warn against consumer spending and predict that the recession is not quite over yet, the housing market seems to be paying no attention. The Canadian Real Estate Association (CREA) announced that home resales in Canada soared 73 per cent last month from last year; showing the resiliency of […]
Tag Archives: sales
Low Mortgage Rates Fuel Ottawa Home Sales
Housing sales in Ottawa increased 24.7 percent in October, solidifying the market’s status after the turbulence of last year’s economic situation. This shows in the 13.6 percent jump in home prices over last year, bringing the average sale price to $318,655. Condominiums had the most demand, followed by bungalows and two-storey single-family homes, with 1,202 […]