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Ottawa, February 3, 2010 : Members of the Ottawa Real Estate Board sold 713 residential properties in January through the Board’s Multiple Listing Service® system compared with 529 in January 2009, an increase of 34.8 per cent. Of those sales, 156 were in the condominium property class, while 557 were in the residential property class. |
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New Construction in Ottawa |
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December Housing Starts in Ottawa is the highest in 2009 according to the latest data released this morning by Canada Mortgage and Housing Corporation with a total reaching 820 units in December. As a result, total construction activity for 2009 reached 5,813 new starts, down 17% from 2008 and virtually matching the level in 2006. See details
http://www.cmhc-schl.gc.ca/odpub/press/2010/2010_01_11_0815_EOO.pdf |
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Strong Gain in the First Haft |
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Canada's Real Estate Market Expected to Continue Strong Gains in the First Haft of 2010 Demand and supply finding balance in the second half of the year TORONTO, January 7, 2010 “The Canadian real estate market enters 2010 with considerable momentum from a unusually strong finish to the previous year, said Phil Soper, president and chief executive, Royal LePage Real Estate Services. |
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As the capital of Canada, Ottawa is the fourth largest city in the country. It resides on the border of Ontario and Quebec on the south bank of the Ottawa River where it meets the Rideau River and Rideau Canal. Ottawa is a global technology centre where innovation prospers, and a recognized centre for both academic and professional training. |
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Market Evolution
