Ottawa’s July Home Sales Decrease

In Ottawa, ON, 1,724 residential properties were sold in July, down 21 per cent compared to 2,183 sales in July 2020, says the Ottawa Real Estate Board (OREB). July’s sales included 1,312 in the residential-property class, down 20 per cent from a year ago, and 412 in the condominium-property category, a decrease of 24 per cent from July 2020. The five-year average for total unit sales in July is 1,775. “July’s unit sales followed the traditional cycle of the spring and summer markets, which tend to peak around April or May and then slow down as buyers and sellers turn their attention to vacations and other outdoor recreational activities,” says Debra Wright, president of OREB.