The high end of Ottawa’s housing market is garnering attention as a “sound financial investment,” according to a recent report from Royal LePage
Supply glut is gone and builders are ready to respond to pent-up demand in 2019, realtors and developers say
Ottawa's tight housing supply, combined with a healthy local economy, is driving up prices in the capital, according to Royal LePage
Re/Max points to the mortgage stress test and rising interest rates as factors affecting the capital’s housing market this year and expects that influence to continue
Housing prices in Ottawa were up in the second quarter of the year, a trend expected to continue in the coming months, according to the real estate services firm
Royal LePage report looked at the relative purchasing powers of “peak millennials” – those aged 25 years or older – in cities across Canada.
"There are not a lot of new homes being built in the region and as a result, the properties that do go up for sale are receiving multiple offers.”
One of the big questions for 2018 is whether the current low inventory levels of homes for sale will persist.
Realtor says high consumer confidence, demand from Toronto buyers putting pressure on Ottawa market.
A shortage of listings and a surge in demand in putting upwards pressure on home prices in Ottawa, Royal LePage said Thursday.