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OTTAWA — The city's resale housing market remains resilient even while sales and prices are dropping in other Canadian markets, according to a survey by a major real estate firm.
Citing “solid” year-over-year price gains, the report from Royal LePage Real Estate Services says Ottawa “continues to be a sound and stable city for homeowners and investors alike to invest.”

The national average for detached bungalows dipped by 4.8 % to $319,640 at the end of 2008, said the report, which was released Monday.
Condos across Canada decreased by 5.2 % to $233,230, year-over-year, and two-storey properties fell by 6.3 % to $376,140.

Ottawa prices remained below Canadian averages, but increased in all sectors.
Of three Ottawa house types examined, the average price of a standard condominium had the highest increase, rising 5.2 % to $207,167.

The average rise of a standard two-storey home rose 3.5 % to $317,083, year-over-year.
The average detached bungalow appreciated by 4.1 % to $321,333.
Of six Ottawa markets surveyed, the highest increase for two-storey homes was in Orléans, where an average two-storey rose 6 % to $281,000.

In south Ottawa, the same house rose 5.6 % to $283,000
In west Ottawa, 4.5 %to $350,000
In central Ottawa, 4.4 %to $446,000
In east Ottawa, 3.9 % to $266,000 and
In Kanata 2.3 % to $294,500
In Orléans, the average bungalow rose 6.8% to $267,000
In east Ottawa, 5% to $263,000
In south Ottawa, 4.7 % to $265,000
In central Ottawa, 4.4 % to $500,000
In west Ottawa, 3.2 % to $320,000
In Kanata, 1.3 % to $313,000

For condominiums, Orléans had the biggest increase, 7.2 %, bringing the average to $179,000. In west Ottawa, the average condo rose 6.4 % to $250,000
In south Ottawa, 6.2 % to $171,000
In east Ottawa, 5.8 % to $181,000
In central Ottawa, 5.3 % to $280,000
In Kanata, 2.8 % to $186,000