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
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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
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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
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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
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