Ottawa house prices jump 8.3% in September. Yes, that may be a cooling.

Maybe, just maybe, a slight cooling of Ottawa's housing market is at hand. The average resale price for residential properties in September climbed 8.3 per cent year over year to $487,400 according to data published Wednesday by the Ottawa Real Estate Board. While that's still discouraging for people trying to save for a down payment on their first house, it marks the first time in four months that year over year percentage hikes have been in the single digits. Read More