Wednesday, December 13, 2006

Rental Construction Skyrockets in Ottawa

There has been a big increase in the number of condominiums, apartments, row houses and duplexes being built in Ottawa.

The housing market's doing really well since 2001 to current and actually this is some of the highest levels we've seen since 1988.

The rise to low interest rates and people moving into the capital city from around the province and across Canada. Most of the new units being built are rentals.

With so many new units being built, landlords have only been able to raise rents marginally.


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