Sunday, July 29, 2012

Ottawa Facts and Figures

Changes are coming to the city of Ottawa and to Ottawa real estate.  Looking forward into the future, the city of Ottawa will be a totally different city.  The numbers are shocking when seen in print.

• Ottawa’s population projected to 1.1+ million people by 2031.

• 145,000 new homes by 2031.
• +/- 50,000 units (mostly apartments) within Greenbelt over a 25 year horizon.
• Average of 2000 new condo units required annually.
• Assuming 125 units per typical building this equals 16 new condo buildings needed per year.

Source CMHC and Fotenn Planning

For Ottawa real estate be sure to contact Bennett Property Shop Realty Brokerage

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