To truly appreciate the current dynamics and projected needs of housing in Canada, it's crucial to understand its evolution.

From the mid-20th century to the turn of the millennium, Canada's housing market was primarily characterized by single-family homes. Suburban sprawl became common as families sought spaces in the outskirts of bustling cities. This was largely driven by the desire for larger living spaces, and the relative affordability of suburban land.

However, as we entered the 21st cent...

Housing affordability in Canada is a topic that has garnered significant attention from policymakers, economists, and the general public alike. Recent reports from the Canada Mortgage and Housing Corporation (CMHC), the Bank of Canada, and RBC have shed light on the deteriorating state of housing affordability in the country. This blog post aims to provide a comprehensive overview of the current landscape, drawing insights from these authoritative sources.

The State of Housing Affordability:

Acc...

Ottawa has been seeing lots of demand for affordable housing and more so recently with our push to increase immigration to Canada.

With Canada's population growing by $1 Million in 2022 the prospect for affordable rentals across our country as well as in Ottawa and Ontario isn't looking great.

Sales are Down! Prices are Down! | Ottawa Real Estate Market Update

Ottawa Home and condo sales are down 37% year over year. Average sales prices for all property types are down 8.3% year over year. Even rental prices have come down since their peak. We'll discus what areas of the Ottawa are seeing the biggest price declines!

Ottawa had a great year with strong price growth in both the residential and condominium-class. Condo sales have increased significantly over 2017 with the average days on market also trending downwards.

The Charming East End

The East end of Ottawa saw the highest price increase from all geographic areas of Ottawa. This is the area East of the Rideau River and West of Blair Rd. Property prices have increased by 4.5%, reaching an average price of $403,632 for 2018. It is also the community that...

The Canadian Science and Technology Museum is located at 1867 St Laurent Blvd in Ottawa, ON. There's always a lot going on at the museum, including live experiments and demonstrations.

The permanent collections and exhibits are Into the Great Outdoors, Steam: A World in Motion, Sound by Design, From Earth to Us, Medical Sensations, Hidden Worlds, Zooom (for children 0-8), Wearable Tech, Technology in our Lives, Exploratek, Artifact Alley and of course the famous Crazy Kitchen.

There is current...

It's no news that Ontario home prices are soaring at rapid speed. With homes in Toronto averaging 1.2 million the Ontario Premier will be introducing a 15% non-resident tax that is hoping to slow down the heated real estate market. Foreign investors make up about 5% of the current buyers. This new 15% tax on foreign investors is modelled on BC's similar tax in Vancouver. Wynne's new tax would affect sales around the Greater Toronto Area and not areas surrounding the Nation's Capital.

The real e...