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Visitwww.OttawaRealEstate.orgfor local MLS listings, Open House information or to contact one of our members. 2011

Media/public enquiries: Joanne Tibbles, 613-225-2240The Ottawa Real Estate Board is an industry association of 2,,700 sales representatives and brokers in the Ottawa area, and in 2011 is celebrating 90 years of service to its members. Members of theBoard are also members of the Canadian Real Estate Association.

The MLS system is a member based service, paid for by the REALTOR members of the Ottawa Real Estate Board. The MLS mark symbolizes the cooperation among REALTORS to effectthe purchase and sale of real estate through real estate services provided by REALTORS. MLS commercial and residential listings are available for viewing on the Boards internet site at www.OttawaRealEstate.org and on the national websites of The Canadian Real Estate Association at www.REALTOR.caand www.ICX.ca.

Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR) and/or the quality of services they provide (MLS).

Hows the housing market?OTTAWA, September 6, 2011

Members of the Ottawa RealEstate Board sold 1,329 residentialproperties in August through theBoards Multiple Listing Servicesystem compared with 1,099 inAugust 2010, an increase of 20.9per cent. The ve-year average for August sales is 1,225.

Of those sales, 285 were in thecondominium property class,while 1,044 were in the residentialproperty class. The condominiumproperty class includes anyproperty, regardless of style(i.e. detached, semi-detached,apartment, stacked etc.), whichis registered as a condominium,as well as properties, whichare co-operatives, life leasesand timeshares. The residentialproperty class includes all other residential properties.

Through the summer, the resalehousing market has picked upsome momentum and made up for the quiet start to 2011; this yearsunit sales to date are now withina percentage point of the number of homes sold by this time lastyear. However, we are seeing thathomes are taking slightly longer

to sell than they did in July, saidBoard President Joanne Tibbles.Interest rates are still low, whichcontinues to motivate manybuyers and sellers, but a morebalanced market means moreproperties for buyers to choose

from, which often leads to a longer selling time, she added.

The average sale price of residential properties, includingcondominiums, sold in August inthe Ottawa area was $337,372, anincrease of 6.2 per cent over August2010. The average sale price for a condominium-class propertywas $252,999, an increase of 3.1per cent over August 2010. Theaverage sale price of a residential-class property was $360,405,an increase of 6.3 per cent over August 2010. The Board cautionsthat average sale price informationcan be useful in establishing trendsover time but should not be used asan indicator that speci c propertieshave increased or decreased invalue. The average sale price iscalculated based on the total dollar volume of all properties sold.

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Ottawa Real Estate BoardResidential and Condominium Sales

for the Month of August - 2011

Property Class Type # Units Average Sale Price2011 2010 %Chg 2011 2010 %Chg

------------------------------------------------------------------------------------------------RES 1.5STY 45 35 28.6 $255,364 $252,063 1.3

2STOREY 560 459 22.0 $389,272 $359,488 8.33STOREY 48 34 41.2 $459,435 $468,777 -2.0BUNGLOW 266 217 22.6 $319,559 $306,264 4.3DBL-SXS 3 4 -25.0 $603,000 $278,000 116.9

DUP-UD 10 6 66.7 $413,300 $421,167 -1.9HIRANCH 43 40 7.5 $273,128 $283,015 -3.5

MOBIL 9 6 50.0 $74,644 $62,167 20.1SPLIT 58 46 26.1 $354,400 $352,966 0.4OTHER 2 2 0.0 $405,250 $52,000 679.3

------------------------------------------------------------------------------------------------1,044 849 23.0 $360,405 $339,102 6.3

CON 1LEVEL 145 119 21.8 $276,162 $275,902 0.12STOREY 119 110 8.2 $220,897 $210,125 5.13STOREY 16 12 33.3 $288,175 $240,792 19.7BUNGLOW 1 4 -75.0 $322,500 $350,125 -7.9

SPLIT 1 0 . $193,000 $0 .OTHER 3 5 -40.0 $216,000 $221,900 -2.7

------------------------------------------------------------------------------------------------285 250 14.0 $252,999 $245,382 3.1

------------------------------------------------------------------------------------------------1,329 1,099 20.9 $337,372 $317,783 6.2

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Ottawa Real Estate BoardResidential and Condominium Sales

Year-To-Date up to August - 2011

Property Class Type # Units Average Sale Price2011 2010 %Chg 2011 2010 %Chg

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RES 1.5STY 246 277 -11.2 $251,428 $252,118 -0.32STOREY 4,765 4,725 0.8 $388,209 $368,845 5.23STOREY 360 324 11.1 $483,748 $481,244 0.5BUNGLOW 1,897 1,916 -1.0 $340,486 $314,584 8.2DBL-SXS 20 22 -9.1 $444,025 $380,231 16.8

DUP-UD 73 81 -9.9 $411,604 $405,817 1.4HIRANCH 309 326 -5.2 $285,599 $286,098 -0.2

MOBIL 58 63 -7.9 $77,993 $82,747 -5.7SPLIT 374 414 -9.7 $353,770 $335,901 5.3OTHER 13 14 -7.1 $340,646 $204,886 66.3

------------------------------------------------------------------------------------------------8,115 8,162 -0.6 $369,705 $349,540 5.8

CON 1LEVEL 1,151 1,075 7.1 $287,857 $277,964 3.61.5STY 4 1 300.0 $258,250 $301,000 -14.2

2STOREY 958 1,049 -8.7 $226,275 $213,480 6.0

3STOREY 139 147 -5.4 $280,165 $236,728 18.3BUNGLOW 25 36 -30.6 $291,172 $331,582 -12.2HIRANCH 2 2 0.0 $190,950 $184,500 3.5

SPLIT 13 6 116.7 $219,777 $290,108 -24.2OTHER 15 23 -34.8 $225,060 $245,269 -8.2

------------------------------------------------------------------------------------------------2,307 2,339 -1.4 $260,930 $246,917 5.7

------------------------------------------------------------------------------------------------10,422 10,501 -0.8 $345,627 $326,682 5.8

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