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, …

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 …