Energy Efficient homes have changed a lot in the past 50 years
Filed Under Main Content · Tagged: Canadian Home Builders, Canadian Home Builders Association, Chba, Energy Efficient Homes, Home Builders Association, Lot, Ottawa Citizen
Ottawa Citizen
According to the Canadian Home Builders Association (CHBA) homes have become a lot bigger, fancier, and cheaper to heat… See full story on this topic »
Low rates fuel household debt
Filed Under Main Content · Tagged: Bank Of Canada, Canada Environment, Canadians, Household Debt, Interest Rate Environment, Ottawa Citizen, Td Economics
Ottawa Citizen- Canadians are carrying far too much debt relative to what they earn, and the problem is only going to get worse if the Bank of Canada maintains a low-interest rate environment over the next few years, a report from TD Economics warned Wednesday…
Resale housing prices slip in capital region
Filed Under Main Content · Tagged: Bungalow, Central Ottawa, Condominium Apartment, Housing Market, Housing Prices, Neighbourhoods, Ottawa Citizen, Ottawa Housing, Quarters, Real Estate Values, Recession, South Ottawa, Survey
Ottawa Citizen- Prices slipped across Ottawa’s resale housing market in the third quarter of 2010, eroding some of the city’s big post-recession gains in real estate values, a survey shows.
The Royal LePage survey of three housing types in six neighbourhoods released Thursday showed average prices falling or stagnant in 14 of 18 examples.
Three of the four examples that showed increases between the second and third quarters of 2010 were modest, $1,000 rises that brought the average price of a condominium apartment to $321,000 in central Ottawa, a two-storey house to $316,000 in south Ottawa and a bungalow to $296,000 in Orléans…
Resale housing prices slip in capital region
Home ownership costs continuing to climb despite slowing activity: RBC
Filed Under Main Content · Tagged: Affordability, Canada, Consecutive Quarter, Downturn, Economics Research, Economist, Hogue, Home Ownership Costs, Mortgage Rates, Ottawa Citizen, Owning A Home, Rbc, Resale Market, Rose, Slowdown, Tandem
Ottawa Citizen- The cost of owning a home in Canada rose for the fourth consecutive quarter despite the slowdown in the resale market, according to a housing report released Monday by RBC Economics Research.
"Higher mortgage rates in tandem with a further appreciation in home prices boosted the monthly costs associated with carrying a mortgage on a typical home," said RBC senior economist Robert Hogue. "This extended the deteriorating trend in affordability since the middle of last year."
But despite the downturn, he said affordability remained "within a safe range…”
Home ownership costs continuing to climb despite slowing activity: RBC
