CBC News Posted: Jul 06, 2017 4:09 PM ET Last Updated: Jul 07, 2017 11:13 AM ET
While sales plummeted last month in Toronto, Ottawa’s homes sales — and prices — jumped in June, according to figures released Thursday by the Ottawa Real Estate Board.
The number of homes resold increased by 10 per cent, to 2,162 in June 2017 compared to 1,985 properties for the same month the previous year.
“Since the announcement in April by the Ontario Liberal government of cooling measures in Toronto, it’s no surprise that the Ottawa market has been thriving,” said Ralph Shaw, president-elect of the Ottawa Real Estate Board.
And it’s not just the number of sales that’s rising — prices are going up too.