NEW: Rising interest rates and the cost of living cooled Ottawa's real estate market in July, with home sales falling 35 per cent from the same month last year. ottnews
The Ottawa Real Estate Board says 1,110 residential properties were sold in Ottawa last month, compared with 1,718 homes in July 2021.
The 35 per cent drop in home sales in Ottawa in July follows a 29 per cent decrease in June, when 1,508 properties were sold in Ottawa compared to 2,122 in June 2021. Torontow says the single-digit increases align with a "traditional stable year-over-year price growth" in Ottawa.
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