Monday, December 19, 2011

CMHC Overview for Ottawa 2012

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

No comments:

Post a Comment