(Source: Ottawa Citizen)
One year ago, home sales in Ottawa seemed headed for a chilly stretch. But bargain mortgage rates and a rising consumer confidence that took hold in the capital earlier than in some other cities turned 2009 into the market’s hottest year yet.
Ottawa real-estate agents last year sold a record 14,742 properties — a 7.4-per-cent jump from 2008, when the sudden arrival of the recession sapped sales in later months.
The average price for all types of resale homes — from one-bedroom condos to multi-storey mansions — reached $303,900 for the year, and $307,800 in December.
Read the full article by Robert Bostelaar, “2009 home sales set Ottawa record” in the Ottawa Citizen (Jan 6, 2010).