Roch St-Georges' Blog
2017 was a great year for the commercial real estate market.
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.
With Vancouver and Toronto taxing foreign buyers who buy real estate, Ottawa has become an attractive Canadian city for foreign investors.
Ottawa was ranked 5th according to Point 2 Homes which covers real estate news and trends.
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.
The Canadian Mortgage and Housing Corporation say that the demand for rentals outpaced supply.
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.
Canada's per capita energy consumption and greenhouses emission is one of the worst highest in the world.
In June of 2017 the Salvation Army announced publicly their intentions to develop the parcel of land at 333 Montreal Road in Vanier as their new location for their multi-purpose homeless shelter. What do home owners think of this announcement and more importantly can this proposed project affect their property values as well as rental rates in the area?
The City of Toronto is looking into Airbnb and how it affects real estate prices, neighbourhoods and rental stock.
Thanks for the Provincial Government First Time Home Buyers who are purchasing a property in Ontario will have no tax to pay on the first $368,000 of the purchase price of their home.