The Ottawa Real Estate Board (OREB) says the capital's real estate market thawed in January, but the market is still relatively quiet.
Newly released statistics show 629 homes were sold in January, which is in increase of 16.5 per cent from January 2023. OREB notes that home sales were 10.7 per cent below the five-year average and 3.9 per cent below the 10-year average for the month of January.
“Ottawa’s market activity is seeing positive gains over last year but it’s still a relatively quiet market even by pre-pandemic standards," Curtis Fillier, OREB president,...