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Housing market shows signs of life!

Here's a good article from the Ottawa Citizen, by John Morrissy: Canada's housing market showed signs of life in February after months of declines, with resales rising 8.6 per cent from January thanks to lower mortgage rates and prices, the Canadian Read More...

Ottawa housing starts down 57% in Februrary

New construction in Ottawa fell 57% in February due to the economic downturn. The Canada Mortgage and Housing Corp. stated that work was started on 137 units this year compared with 317 units in February 2008. There were no construction starts in apartment Read More...

How did the Ottawa housing market do for January?

This is a good article from the Ottawa Citizen by Bert Hill Ottawa housing resales fell 18.7 per cent in January as nervous buyers continued to be distracted by a global recession. The biggest decliner was bungalow sales, off 26 per cent. Two-storey houses Read More...

Ottawa housing starts fall 18% in January

Another good article by Bert Hill of the Ottawa Citizen Ottawa housing construction starts fell 18 per cent in January as contractors cut back in the face of a troubled economy. Canada Mortgage and Housing Corp. said Monday there was a significant decline Read More...

How is Ottawa's resale housing market performing compared to the rest of the country?

Ottawa's resale housing market continues to perform well despite sales and prices dropping in other Canadian markets. While the national price average for detached bungalows dropped 4.8 per cent over 2008, in Ottawa the price actually increased by Read More...

The real estate market outlook for Ottawa for 2009.

The real estate market for Ottawa for 2009 is expected to be stable. Experts are predicting a balanced market which favours both buyers and sellers. In 2008, although there was a Canada-wide 15% reduction in home sales, the numbers in Ottawa showed only Read More...

Ottawa resale market balanced, prices still rising

Ottawa’s 2008 resale market: more balance, less booming Members of the Ottawa Real Estate Board sold 467 residential units in December, a decrease of 18.8 per cent over December 2007, when there were 575 sales. This brings the total number of residential Read More...