Jul 24

Rules of Thumb – How Far Can They Take You?

Investing

A client of mine who is mulling over the idea of acquiring some real estate for investment purposes, started doing some reading on her own and came across a piece about rules of thumb.  She read, in addition to other bits of wisdom, that: The rule of thumb is that the purchase price of investment […]

May 22

Unabsorbed New Construction – Prices Up $75K Over 2012

Market Updates

I was just reading CMHC’s latest housing market statistics report, covering new housing starts across Canada, broken down by Province and municipality, through April 2013.  Overall the number of starts is down slightly from 2012, on pace with 2011.  But there was one statistical category that really stood out to me:  in the “unabsorbed single […]

Mar 05

Older or Newer Condo – Which Is A Better Investment?

Investing

Whether buying strictly as an investment or as a new place to hang their hat, my clients often ask me if a new or re-sale condo apartment is a better investment.  Well, there are actually two slightly different versions of this question that I hear frequently: is a brand new condo purchased from the builder […]

Feb 07

Ottawa Condo Market Analysis Part 1: Core vs. Outskirts

Investing

One of my VIP clients asked me the other day, in response to the data in one of my monthly newsletters, “…how do you see the condo market evolving over the next 12 to 19 months?” The data that I use for my monthly newsletter is provided by the Ottawa Real Estate Board.  They run […]

Jan 09

2012 – A Relatively Tough Year in Ottawa Real Estate

Market Updates

And so ends 2012, with the overall picture looking about the same as 2011 on the surface (similar number of residential properties sold and average selling price settling ever so slightly above 2011) but with more questionable footings lurking underneath… perhaps.  Like most soothsaying ventures, you really don’t know what you’re talking about if you’re […]

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