This time last year, Ottawa was unsure of where the housing market was going to go, up or down. However, the affordable mortgage rates and increased consumer confidence catapulted the nation’s capital in the best year yet. The 2009 housing industry broke records of all kinds. Increasing 7.4 per cent from 2008, Ottawa-area real estate […]
Although there are those industry experts that warn against consumer spending and predict that the recession is not quite over yet, the housing market seems to be paying no attention. The Canadian Real Estate Association (CREA) announced that home resales in Canada soared 73 per cent last month from last year; showing the resiliency of […]
According to Statistics Canada data that was released last week, housing prices in Canada rose only 0.1 percent in August, which is less than housing experts expected. Since the July increase of 0.3 percent, analysts were predicting a healthier August, forecasting a 0.2 percent rise in prices. Millan Mulraine, a TD Securities economics strategist, said, […]
Although the Canadian housing market is now in recuperation mode, housing starts in Ottawa were down 19 percent. Townhouse developments ans well as apartment projects are mainly responsible for the drop. According to the Canada Mortgage and Housing Corp., last year construction began on 586 units. This year the number has gone down to 586. […]
