How Will the Economy Affect Your Real Estate Investments?

Real Estate is stable in the Ottawa area.  Are you concerned with the media reports of declining values in North America?  The truth is out there, it's just not being reported.  This 'situation' in the United States is not reflected here in Canada.  Although there are declining markets in some major cities (Toronto, Vancouver and Calgary). Ottawa is still on the rise.  The media is failing to report the fact that the Ottawa market is still moving and although it is slower than 2007 and 2008, prices are still rising and will continue to do so.  We have a very unique city in that although the economy is slowing, our unemployment rate is under 5%.  Also, we have the highest median income of any Canadian city and Ottawa has been rated the least expensive city in North America in which to live.  With interest rates once again being cut, this is a great time for people to up-size, down-size or move into the area.  Our area is now a balanced market.  Homes are remaining longer on the market, but are still selling.  This fall has been such an uncertain time for us all that consumers have tightened their belts.   Ottawa may be one of the best cities for Real Estate in 2009!!!! 

Elizabeth Laplante

Elizabeth Laplante

Sales Representative
CENTURY 21 John DeVries Ltd., Brokerage*
Contact Me

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