It’s been a while since my last update, so I figured it was time 
Many people seem to be speculating as to what’s happening with real estate in Ottawa, so here’s a quick update.
According to a recent report, CMHC (insurer of Canadian mortgages) states that Ottawa’s housing market is ‘low risk’ and that ‘Ottawa has experienced moderation in it’s housing prices’. Glad to hear that even CMHC now views Ottawa’s market as a safe one. From what I can find, most predictions are for slow growth and a balanced market, over the next year in the Ottawa region.
Despite this positive news, CMHC does warn that ‘builders need to keep managing inventories’, particularly in condos. CMHC says that demand for condo rentals remains strong, and ‘unsold inventory should be steadily absorbed through the year’. There you have it; there’s even a little bit of positive news for the condo market (although condos are still a buyer’s market, and inventories are still high)
See their work at: http://rndconstruction.ca/