Future Real Estate prices in Ottawa? Not Boom or Doom but Much Ado About Nothing says the CIBC researchers: Canadian House Prices Not Based on Demographics Alone April 18th, 2007 - The CIBC Canadian Real Estate Report is predicting that Housing prices will double in the coming 20 years!  It generated much press last week.  In Ottawa that would mean that in April 2027 the average sale price for a property would be $548,000!   In other words housing prices will increase 5% a year!  CIBC really went out on a limb on this prediction!!!  The Ottawa MLS® average sale price has increased an average 4.5% per year in the previous 20 years so a 5% prediction is a safe bet!  Of interest, the report debunks the boom and bust theorists who have predicted a demographic influenced bust in housing prices between 2011 and 2015. 

Great Opportunity! Enjoy the benefits of secure comfortable condo living just minutes from the General Hospital complex - this sold within a few days but there are several more units available! 

This rarely available corner unit offers one of the best layouts and views in the "Vista on the Park" condominium situated in popular Alta Vista.  Situated on the 4th floor, this bright and immaculate condo is high enough to offer great privacy but still viewing the lush trees of the neighbourhood and NCC greenspace.

Spring Market already beginning to Bloom! - from the Ottawa Real Estate Board at http://orebweb4.oreb.ca/news_release.shtml

Ottawa, March 6, 2007: Members of the Ottawa Real Estate Board sold 1032 homes in February
through the Board's Multiple Listing Service® system, compared with 764 in January 2007. There
were 982 sales in February 2006.

Record Breaking Year for Homes Sales in Ottawa - from the Ottawa Real Estate Board at http://orebweb4.oreb.ca/news_release.shtml

Ottawa, January 9, 2007: Members of the Ottawa Real Estate Board sold 682 homes in December through the Board's Multiple Listing Service® system, setting a new record of 13,783 residential sales for 2006. The previous record was 13,152 in 2004. There were 615 sales in December 2005.

One of Ottawa's best kept secrets for the ultimate in retirement or resort-style living lies just 10 minutes from Ottawa's vibrant downtown - Sold!  This superb gated community with 24 hour security offers facilities and a lifestyle unmatched anywhere else in the city. 

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Home Sales Surpass 2005 Total by November - from the Ottawa Real Estate Board at http://orebweb4.oreb.ca/news_release.shtml

Ottawa, December 8, 2006: Members of the Ottawa Real Estate Board sold 877 homes in November through the Board's Multiple Listing Service® system compared with 906 in November 2005. There were 1,011 sales in October 2006.

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