High Ottawa Home Prices Means Buyers Will Turn To Condos
The high cost of single family homes means more Ottawa home buyers will be enticed into buying condominiums and townhouses.
Buyers and sellers should expect home prices to grow closer to the general rate of inflation as the resale market becomes more balanced. And home buyers will have more resale homes to choose from.
There are more single parents and married couples with no children, as well as an aging demographic who want to be closer to amenities such as hospitals. They don't need all that space.
Ottawa’s housing market will remain active, driven by a vigorous economy with a new employment high. New single detached home prices will reach a record level in Ottawa making it more difficult for households to buy new single homes. New home builders are moving their production toward higher-density construction.
Ottawa's housing market is close to maturity, with more existing homes for home buyers to choose from and total home start numbers starting to slow and balance out.
Home prices will grow closer to the general rate of inflation as the resale market becomes more balanced.
Ottawa's resale market has experienced a lot of buyer competition since the housing shortages of 2000, but the number of listings has since increased. As such, resale prices are starting to decline.
Buyers and sellers should expect home prices to grow closer to the general rate of inflation as the resale market becomes more balanced. And home buyers will have more resale homes to choose from.
There are more single parents and married couples with no children, as well as an aging demographic who want to be closer to amenities such as hospitals. They don't need all that space.
Ottawa’s housing market will remain active, driven by a vigorous economy with a new employment high. New single detached home prices will reach a record level in Ottawa making it more difficult for households to buy new single homes. New home builders are moving their production toward higher-density construction.
Ottawa's housing market is close to maturity, with more existing homes for home buyers to choose from and total home start numbers starting to slow and balance out.
Home prices will grow closer to the general rate of inflation as the resale market becomes more balanced.
Ottawa's resale market has experienced a lot of buyer competition since the housing shortages of 2000, but the number of listings has since increased. As such, resale prices are starting to decline.
posted by PondPine.com at 4:37 PM
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