David Haynes - Kanata Real Estate

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 ...

(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 ...