Ottawa Real Estate Statistics 2014

Bruce Brown Market Updates

Overall, 2014 looked a lot like 2013 for real estate in Ottawa, with a few differences. With an entire year of data to work with, I thought we’d take a look at last year in Ottawa real estate from three different angles: looking at the graphs of 9 key statistics that I put together every month, using the Ottawa Real …

Ottawa Investment Property

Multi-Family vs. Condominium Apartments as Investments

Bruce Brown Investing

When it comes to building a portfolio of investment properties, there is something on the menu for every taste.  To suit your specific tolerances and objectives, you will want to discuss the ins and outs in detail.  But I thought it would be fun to write-up a brief table of ingredients for two types of residential properties that are at …

Rules of Thumb – How Far Can They Take You?

Bruce Brown 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 property should be 10 times …

Unabsorbed New Construction – Prices Up $75K Over 2012

Bruce Brown 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 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?

Bruce Brown 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 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

Bruce Brown Investing

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

Bruce Brown 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 some statistical reports and pull …

2012 – A Relatively Tough Year in Ottawa Real Estate

Bruce Brown 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 looking ahead but you can …