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 ...

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 ...

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 ...

(by Yemisrach Kifle) The Canadian housing market maybe slowing, but it isn't facing a meltdown such as the one in the U.S., according to PricewaterhouseCoopers (PwC). Over the past several years, banks and regulators have kept a close eye on mortgage lending practices, which has resulted in Canada not being affected at the same ...