News from the Ottawa Real Estate Board-

On Track for a Successful Autumn
Ottawa, October 6, 2006: Members of the Ottawa Real Estate Board sold 1,092 homes in September through the Board’s Multiple Listing Service® system compared with 1,078 in September 2005. There were 1,246 sales in August 2006.
"We are on track to surpass 13,000 sales this year. Ottawa's housing market is still growing, though it is a more controlled growth now than it has been in the past several years. Interest
rates are still low, and many buyers are taking advantage of the diverse housing choices available to them here in Ottawa," said Board President Ron Levine.
So far this year, 11,226 homes have been sold in Ottawa by Board members through the MLS® system. The average price of the homes sold in September through the MLS® system in the Ottawa area was $255,026, an increase of 6.5 per cent over September 2005. Year to date the average price is $256,117.
The Board cautions that average price information can be useful in establishing trends over time but should not be used as an indicator that specific properties have increased or decreased in value. The average price is calculated based on the total dollar volume of all properties sold.
The Ottawa Real Estate Board is an industry association of 2,200 sales representatives and brokers in the Ottawa area. Members of the Board are also members of the Canadian Real Estate Association and thus are entitled to use the term REALTOR®.
The MLS® system is a member based service, paid for by the REALTOR® members of the Ottawa Real Estate Board. The MLSmark symbolizes the cooperation among REALTORS® to effect the purchase and sale of real estate through real estate services provided by REALTORS®. MLS® commercial and residential listings are available for viewing on the Board’s internet site at www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association at www.mls.ca and www.ICX.ca .
Information about listings and open houses is also available in the Board’s weekly newspaper, Ottawa Real Estate Guide.

Source Ottawa Real Estate Board