In the last 10 years Ontario has seen the largest housing market gains thanks to a combination of factors including population growth, low interest rates, and investments.
The Ottawa Region has seen gains of 44% compared to 119% in the Greater Toronto Area. In Ottawa the average price in 2007 was $273,058 while the price in 2017 stood at $392,474.
Low borrowing cost has helped the province's real estate market tremendously. Those who purchased closer to 2007 have seen significant gains. Ot...
With Vancouver and Toronto taxing foreign buyers who buy real estate, Ottawa has become an attractive Canadian city for foreign investors. Rockcliffe Park just east of downtown Ottawa is the home of Prime Minister Justin Trudeau.
The average home sold for 1.5 million last year and rented for about $8,000 to $20,000 according to the TheRealDeal. Prices in the area have also increased by more than 7% with high demand from diplomatic and elected officials.
If you are looking to buy in Canada's...
Ottawa was ranked 5th according to Point 2 Homes which covers real estate news and trends. The top Canadian city was Quebec City.
If you are moving to Ottawa and are looking to rent or purchase? Call Roch St-Georges to discuss your real estate needs. 613-889-7732
Many business owners are opposing the Salvation Army's plan to build a $50 million dollar shelter at 333 Montreal Road which will house 350 beds with 140 of those being for emergency stays.
Concerns from business owners are centered around the move to the Montreal Road location hindering business and development opportunities along Montreal Road and neighbouring streets. The other concern is that Vanier is already home to numerous shelters and adding another shelter of this size would simply...
The Canadian Mortgage and Housing Corporation say that the demand for rentals outpaced supply. Across the country, the number has gone up to 23,000 in the last 12 month which is a 1.2% increase.
The demand was fuelled by migration to Canada, improving employment for young adults allowing them to move out of the family home as well as an aging population looking for low maintenance living.
Many condo units are being used as rental units. Between 22-38% of all condos in the province of Ontario...
The City of Ottawa council will vote on Wednesday, November 22nd on the controversial plan to build a large complex that will house the Salvation Army on Montreal Rd in Ottawa's Vanier neighbourhood.
More than 140 people from the community came last week to speak about their concerns and disapproval of the Salvation Army's move to the City's Vanier area. Despite the large turn out the planning committee approved the plan on Friday night in a 6-3 vote.
The decision must now be approved by th...
Canada's per capita energy consumption and greenhouses emission is one of the worst highest in the world. 17% of greenhouse gases come from heating and cooling our buildings.
The International Energy Agency created a report in 2015 which looked targets and current situations in many countries. It said Canada was a long way from meeting the goals set in it's 2020 and 2030 climate targets.
An effective way to reduce our greenhouses emission would be to toughen our building code and transition...
