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, ...

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 Bill Clark, senior economist with CMHC, said it was impossible last quarter to predict the ...

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 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 government will take 66,000 square feet in August with a move expected late this year. He ...

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 ...