Worry, buyer’s remorse high as real estate market slowdown materializes
Realtors and lawyers say they have noticed buyers looking at what options they have to get out of a purchase because conditions have shifted dramatically
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Residential
CREA reports home sales down in April as mortgage rates rise
The association found the number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021, when the country
Gatineau building boom tails off as region’s housing starts fall 22% in April
Multi-unit starts on the Quebec side of the river dropped from 547 in April 2021 to just 163 last month, a decline of 70 per
InterRent REIT ‘basically back to pre-pandemic performance,’ executive chair says
Ottawa firm said its funds from operations rose nearly 18 per cent compared with the first quarter of 2021, while its same-property occupancy rate jumped
Minto Apartment REIT posts net income of $34.6M in Q1 as economy rebounds, rental demand grows
Ottawa-based REIT’s overall revenue grew 8.4 per cent year-over-year to $32.5 million as the occupancy rate of its unfurnished suites ticked up to 94.2 per
Rising interest rates, ‘buyer frustration’ combine to cool off housing market, OREB says
A total of 1,889 residential properties changed hands in April, the Ottawa Real Estate Board says, a 21 per cent decline from a year earlier
Ottawa housing starts hit five-decade high, but still don’t meet demand: CMHC
Builders began work on more than 10,000 new housing units in the capital last year – but that flurry of new construction still wasn’t enough
Cutsey, InterRent’s president since 2015, is taking over as chief executive from Mike McGahan, who’s stepping aside after 12 years at the helm.
Ottawa home sales to fall in 2022 and beyond, but prices will stay high: CMHC
Rising interest rates and job uncertainty will combine to cool down Ottawa’s red-hot home resale market a few degrees in 2022 – but not enough
Royal LePage boosts Ottawa home price forecast as supply crunch persists
Firm is now predicting the aggregate price of a home in Ottawa will jump 13 per cent in the fourth quarter of 2022 compared with
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