The Ottawa housing market appears to be looking positive again for Ottawa in 2012 according to CMHC. This is fueled by Ottawa having the highest employment rate in Ontario and highest paid labor market in Ontario.
2012 Predictions by CMHC
- Interest rates are expected to remain low in 2012 due to the European and USA economic issues.
- Housing Prices are expected to rise by 2%
- Vacancy rates for rental properties to remain low, close to 1% (meaning 99 out of a 100 apartments are rented monthly in Ottawa).
Some 2011 Highlights
- Largest Price Increase: West End at 10.6%
- Highest Volume: Barrhaven at 15.6%
- Most Increase In Value: Condo's
My current portfolio
- Greg Blok, Bennett Property Shop Realty Brokerage
- Ottawa, Ontario, Canada
- I am an active real estate investor. In my portfolio, I have a variety of different properties. I am always looking at new ideas and options for investing in real estate for myself and clients - 7 town houses - 10 condo apartments - 6 unit building - duplex - TOTAL - 25 doors
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