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Real Estate News for the Kanata Area by David Haynes

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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...
Expect Housing Starts to drop by 24% in 2009
By Garry Marr, Financial Post with files from Bert Hill Canada Mortgage and Housing Corp. says the downturn in the economy will drive home construction to a nine-year low in 2009, a marked decline from the Crown corporation's November forecast. But 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...
Federal government dips toes into Kanata real estate market
By Bert Hill, The Ottawa Citizen The federal government is making the first move into Kanata with the lease of part of a former Mitel Networks building. Kelvin Holmes, managing director of Colliers International real estate, said yesterday the federal 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...