Ottawa's Condo Market Landscape

When you're dipping your toes into the Canadian condo market, it's like opening a box of assorted chocolates - you'll find a variety of options, each with its own flavor. In the heart of Canada, Ottawa's condo market presents a unique taste. It's a buzzing scene, but how does the Ottawa condo market compare to other Canadian cities like Toronto, Vancouver, and Montreal?

Firstly, Ottawa, known for its political stature and tranquil lifestyle, offers a different pac...

During the Ontario Provincial election the Facebook Group, Ontario Proud, a left-wing conservative group raised over $500,000 in donations.

About 10% of this amount was raised from private individuals but corporations we're the largest contributor. Mattamy Homes a Toronto-based residential builder which is also present in Ottawa also figures on the list of donors backing this conservative Facebook group taking aim at the Liberal Party. Mattamy Homes stands out from the list with a $100,000 dona...

Following announcements from Kathleen Wynne and the provincial government in the last weeks, the Toronto real estate market has already seen homes prices cooling since their highs in April of this year. Year over year home prices are still up more than 15% but some experts say this cooling of the market is only temporary and that the real estate market should pick up again in a few months.

This is a great opportunity for some buyers who were kept out of the market in Toronto's red-hot market. T...

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...

The numbers for February's house sales are in and are showing an increase in the average home price across Canada. The average price of a residential property has crossed the $500,000 mark in February 2017.

The price increase was driven largely by the Greater Toronto Area and surroundings as current supply cannot keep up with demand. The Canadian Real Estate Association president Cliff Iverson says the competition between buyers is less of a problems in other major Canadian cities.

The average...