Posts regarding Economy

Condo prices up 22.5% in year

2010 February 04

Condominium prices are continuing to increase markedly faster than those for other types of housing, as a resurgent real estate market helps sellers forget the doldrums of early 2009.

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Changing face of Ottawa

2010 January 12

From the greening of suburban communities to the ascent of the urban condo, the past decade has been one of restless change for Ottawa's new homes market. We talked to the experts about some of the major trends since 2000 and asked them to do a little crystal ball gazing about the next 10 years.

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HOUSING BUBBLES UP

2009 November 18

Canadian existing-home prices are now rising at a pace not seen in 20 years, fuelling talk that a bubble may be forming in the market.

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Area realtors scramble for listings

2009 October 06

Fewer than 3,800 resale homes available in sellers' market, and prices on rise

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Canadian home construction surges

2009 September 09

Housing starts across the country jump more than 12 per cent in August, driven by condominium construction

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Know your spending limit

2009 July 24

Evaluating financial situation crucial to calculating realistic amount of loan

The following is a Q&A with Valerie Rasmussen, assistant vice-president, credit services, for First Calgary Savings.

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Local housing sales robust despite economic slowdown

2009 July 13

Ottawa’s housing sales continue to buck the national trend, posting a third consecutive record setting month for sales.

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Buying a Home

2009 June 09

If you’re like most Canadians, your home is probably the most important investment you will ever make. But how do you know if you are financially ready for all the responsibilities that come with homeownership?

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Buyers get boost

2009 April 23

The rate cuts brought the banks' variable mortgage rates down as well, giving existing mortgage holders a break and potentially more cash in their pockets.

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Tax Harmonization Would Slam Door on Homebuyers: Report

2009 March 24

Ontario’s new homebuyers would face a massive tax grab under the proposed harmonization of the federal GST and Ontario PST, a new report released today concludes.

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Canadian homes getting more environment-friendly

2009 March 10

"Experts hope downturn will spur environmental progress"

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Home buying in Canada expected to increase: Survey

2009 March 06

"In spite of the economic downturn, most Canadians still believe it is a homebuyer’s market."

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How to get reno money back

2009 February 27

"Dos and don'ts of the Home Renovation Tax Credit"

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Economic shivers don't faze condo buyers when conditions are right

2009 February 23

Open spaces, terraces and an appealing neighbourhood translate to strong sales

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Canadian banks are typically leveraged at 18 to 1 -- compared with U.S. banks at 26 to 1.

2009 February 18

"Canada has done more than survive this financial crisis"

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Area’s housing market defies national price drop

2009 February 03

The city's resale housing market remains resilient even while sales and prices are dropping in other Canadian markets, according to a survey by a major real estate firm.

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OBJ: Ottawa housing market to stay strong in 2009: CMHC

2008 December 04

But despite the slowdown the housing market remains solid, she said.

"Employment levels are still supporting the home resale market in Canada, and Ottawa in particular," she added.

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Charles Sezlik, Sales Representative

Prudential Town Centre Realty Inc., Brokerage

114-40 Landry Street Ottawa, ON K1L8K4

T. (613) 744-6697 F. (613) 744-6975

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