I've been following the real estate market in Ottawa for the
last couple years now. It's true that there's still high demand
here and it is very much a seller's market. However, I wonder how
much of it is being driven by low interest rates. The fact is
supply is growing at an accelerated pace, and I can't imagine
demand will keep up once the rates increase. For now the market
seems fine, but I have enough reasons for concern to keep renting
until things are more stable. The average price for a condo in
Ottawa has gone up 30% in the last year.
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Ottawa
China's Housing Bubble
Posted by mvachon on 17th of Mar 2010 at 12:09 pm
I've been following the real estate market in Ottawa for the last couple years now. It's true that there's still high demand here and it is very much a seller's market. However, I wonder how much of it is being driven by low interest rates. The fact is supply is growing at an accelerated pace, and I can't imagine demand will keep up once the rates increase. For now the market seems fine, but I have enough reasons for concern to keep renting until things are more stable. The average price for a condo in Ottawa has gone up 30% in the last year.