David Haynes - Kanata Real Estate

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 Real Estate Association reported Monday. Despite February's gains, sales are still ...

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 units compared to 56 starts in February 2008.  On single family houses, ...

This is a good article from the Ottawa Citizen by Bert HillOttawa 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 and condominium apartments fell 16 and 17 per cent respectively but condo townhouses rose 16.7 ...

Another good article by Bert Hill of the Ottawa CitizenOttawa 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 in condominium townhouse and single-family housing construction across the region, with ...

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 4.1 per cent to $321,333.  Across Canada, condo prices dropped by 5.2 per cent, but in ...

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 5% fewer sales than the previous year.  In 2008, Ottawa real estate prices ...

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 properties sold through the Board’s Multiple Listing Service® system in 2008 ...