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After a year that saw home average home prices jump 20 per cent, Ottawa homebuyers can expect little relief in the months ahead, according to a major Canadian real estate brokerage. “The strong seller’s market is expected to persist through 2021, as demand continues to outpace supply in Ottawa,” Jason Ralph, managing partner at Ottawa’s Royal LePage Team Realty, said in a statement Friday after the company released its latest house price survey. Last month, Royal LePage predicted the average price tag of an Ottawa home will rise 11.5 per cent this year, fuelled partly by an influx of buyers from the Toronto area looking for better value as well as surging demand for roomier properties in the COVID-19 era. ....
CMHC reports annual pace of housing starts down in December Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz January 18, 2021 - 6:58 AM OTTAWA - The annual pace of housing starts in December fell compared with November, according to Canada Mortgage and Housing Corp. The monthly seasonally adjusted annual rate of housing starts for all areas in Canada, excluding Kelowna, B.C., fell 12.2 per cent in December from November, CMHC said on Monday. The December survey was not conducted in Kelowna due to the COVID-19 pandemic, but CMHC said Kelowna s exclusion didn t impact the overall trends for the month. ....
Winnipeg Free Press By: The Canadian Press Last Modified: 8:58 AM CST Monday, Jan. 18, 2021 Save to Read Later OTTAWA - The annual pace of housing starts in December fell compared with November, according to Canada Mortgage and Housing Corp. OTTAWA - The annual pace of housing starts in December fell compared with November, according to Canada Mortgage and Housing Corp. The monthly seasonally adjusted annual rate of housing starts for all areas in Canada, excluding Kelowna, B.C., fell 12.2 per cent in December from November, CMHC said on Monday. Charles Rochfort, left, and Jonathan Grenier work on a home as Quebec lifts the ban on residential construction due to the COVID-19 pandemic Monday April 20, 2020 in Deux-Montagnes, Que. THE CANADIAN PRESS/Ryan Remiorz ....
After a year that saw home average home prices jump 20 per cent, Ottawa homebuyers can expect little relief in the months ahead, according to a major Canadian real estate brokerage. “The strong seller’s market is expected to persist through 2021, as demand continues to outpace supply in Ottawa,” Jason Ralph, managing partner at Ottawa’s Royal LePage Team Realty, said in a statement Friday after the company released its latest house price survey. Last month, Royal LePage predicted the average price tag of an Ottawa home will rise 11.5 per cent this year, fuelled partly by an influx of buyers from the Toronto area looking for better value as well as surging demand for roomier properties in the COVID-19 era. ....