Ottawa Real Estate Market Update

Hello everyone,

For those of you who were wondering what is going on with the Ottawa Real Estate market.

Here is what CMHC has to say:

Forecasting for 2009

MLS Sales are expected to decrease by 4.3%
New home construction starts are expected to decrease by 12.4%
MLS prices are expected to increase by 3.6%
Unemployment is expected to increase by 0.8%

We are very lucky to be living in Ottawa! We are sheltered from some of the exterior elements that are seriously affecting other major cities through out the world.

If you have any questions with respect to the Real Estate Market in Ottawa or you would like to know what locations and type of housing is doing better than others, please feel free to ask away.

Todd