From the blog...

Ottawa Housing Outlook

Posted on: May 28th, 2015 by Chris Scott

According to CMHC, MLS® sales are expected to remain flat between now and the end of 2016 and in spite of flat sales and rising listings, balanced market conditions will prevail in 2015.  Listings will edge higher in 2016 and, as a result, the average price of a resale home will show a small increase.

Total housing starts are expected to decrease slightly mostly due to a reduction in condo apartment starts.  The inventory of completed and unsold condo units will gradually decrease causing starts to edge up again in 2016.

Housing demand is expected to remain steady in Ottawa in 2015 due to low mortgage rates and affordable prices.  This may change in 2016 with modest price growth and potentially higher mortgage rates.

An increase in the supply of secondary rental market units will provide more options for renters this year but this will be short-lived as the demand for rental units is expected to increase in 2016.

If you are curious about property values in your Ottawa neighbourhood feel free to get in touch.


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