Time to Invest in Housing Market. When?

The sharp weakening of the Ottawa property market is playing a major role in Ottawa's economic slowdown. The key movers are the falling housing construction and a significant rise in the mark-up rates, including those for the purpose of housing and construction. It is expected that the property prices will probably be flat or down for a while. The fall in prices in certain areas or former hot spots will be offset by stable showing in other previously unexplored parts of the Ottawa region.

There are numerous studies worldwide support the view that property booms do not normally lead to serious busts unless or until the economy goes into a recession or some other factors come into play. The worrying factor on the economic front though is that while other countries, which have gone through a cycle of economic high, take heart in seeing the property slump as the cushion that will provide them with a soft landing, in Ottawa 's case we cannot really be sure about, whether or not we have truly gone through a period of high economic growth; and assuming we have, then has the period been long enough and the flight been high enough to even require a soft landing.

The key movers are the falling housing construction and a significant rise in the mark-up rates, including those for the purpose of housing and construction. It is expected that the property prices will probably be flat or down for a while. The fall in prices in certain areas or former hot spots will be offset by stable showing in other previously unexplored parts of the country.

It would be brave to buy a residential property in Ottawa today in the face of a slowing market. However, examples around the globe bear testimony to the fact that undervalued or economically strong areas will always advance in the long run, even if the present overall market presents a weak picture. The key is to be able to avoid the current property slowdown turning into a recession.