A Positive Start to 2005.
February 15, 2005 - Members of the Ottawa Real Estate Board sold 637 residential units and 43 other properties,
including lots and multifamily units, through the Board’s Multiple Listing Service® in January 2005.
“The overall numbers as reported by our Board for the month of January 2005 are very encouraging,” said Board President
Jeff Greenberg. “Our supply of homes on MLS® continues to increase offering buyers a reasonable number of homes to
choose from.”
The average price of residential properties sold in January in the Ottawa area was $239,883, an increase of almost 5% over
January 2004. 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 1,950 sales representatives and brokers in the Ottawa area.
Members of the Board are also members of the Ontario and Canadian Real Estate Associations. MLS® is a co-operative
marketing system used by the Board’s members to ensure maximum exposure of properties listed for sale. MLS®
commercial and residential listings are available for viewing on the Board’s internet site at www.ottawarealestate.org and
on the national website of The Canadian Real Estate Association at www.mls.ca. Information about listings and open
houses is also available in the Board’s weekly newspaper, Ottawa Real Estate Guide.
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