According to data from the Ottawa Real Estate Board, a total of 853 residential properties were sold in Ottawa during the month of February, a decrease of 1.7 per cent from the year prior. The sales figure is also below the five-year average for February, which is 914 units.

When compared with statistics from January 2014, residential property sales in the Ottawa region increased 6.8 per cent in January, according to recent data released by the Ottawa Real Estate Board (OREB). This included 114 condominiums which sold for an average price of $250,406. On a month-to-month basis, new residential and condo property listings more than doubled those registered in December.