Unabsorbed New Construction – Prices Up $75K Over 2012

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 and semi-detached” category for Ottawa, …

Graph of new condo construction prices vs. re-sale condo prices in Ottawa.

Older or Newer Condo – Which Is A Better Investment?

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 a better investment or is …

Graph Showing Apartment Condo Selling Prices in Ottawa, in the Core vs. City-Wide

Ottawa Condo Market Analysis Part 2: Core vs. Outskirts Sale Prices

So the volume of apartment condo sales in core areas of the city relative to the city as a whole was a nice safe place to start, but what you really want to know is how much does location impact value.  Well, without charting anything I’m sure you understand that the number one driver in real estate valuation is location, …

Ottawa Condo Market Analysis Part 1: Core vs. Outskirts

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 some statistical reports and pull …

2012 – A Relatively Tough Year in Ottawa Real Estate

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 looking ahead but you can …