Thursday, September 6, 2012
Ottawa Citizen - Condo prices in Ottawa to grow in 2013
Ottawa real estate prices and especially Ottawa condo prices are expected to grow according to a new study by Genworth, published in the Ottawa Citizen.
Some interesting tidbits from the article:
Ottawa prices are fore-cast to rise by 1.8 per cent to an average $283,606 in 2013, after a much larger gain this year.
Genworth ... suggests that the population is expected to grow in all eight cities studied over the next few years, while employment growth and low interest rates should also support the market. The numbers also indicate Canadians are flocking to urban centres. Toronto's population jumped more than 17 per cent over the previous census period in 2006.
For the full article please click here