Local Housing Market Steady, numbers show
By Vito Pilieci, OTTAWA CITIZEN
OTTAWA — Resale housing sales in Ottawa held their ground in January, a sign that the local housing industry remains on a strong footing, according to the Ottawa Real Estate Board.
The board released its monthly Thursday, saying that 589 residential homes were sold during the month, a slight decline from the 594 sold during the same month one year ago.
The board said the strong number of sales is important, especially considering the bitter cold snap that enveloped the city for much of the last month.
“The market activity is encouraging for homeowners considering the deep freeze Ottawa experienced this past month, a time when people are more apt to stay in and stay warm instead of venturing out to search for a home,” said Randy Oickle. “Residential sales this January were virtually identical to January 2013.”