Ottawa real estate market falls sharply in August

OTTAWA — Real estate sales in Ottawa fell dramatically in August as the threat of layoffs from the federal government continued to affect consumer confidence.According to the Ottawa Real Estate Board, 1,141 properties were sold through its Multiple Listing Service, a drop of 14.1 per cent over the same month a year ago when 1,398 resale homes were sold.

In July, more than 1,366 re-sale homes were sold.

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