What’s up, Ottawa! Yes, it has been a slower year for condos in Ottawa, and real estate in general. And yes, condo prices have been fluctuating, with some areas dipping. However, you may be surprised to find out how many new condo developments are slated for this city over the next couple years. Follow the link below to see which neighborhoods have new condos coming in, and who the builders are.
There are many things to be careful, especially with today’s condo market. It is important to understand what the design & style of the building is, the quality of the finishings, the location, the neighborhood, and more. A condo’s future value is dependent on many factors, and unfortunately many of these builders are building very stale product that will not hold their value very well in the future. For anyone who’s interested in having a better understanding of these neighborhoods & developments (market forecasts, building design, building quality, resale values, etc), definitely contact me. And if you’re thinking of a condo as an investment, we definitely need to talk.
http://ottawacitizen.com/life/homes/looking-ahead-to-the-2015-new-home-market-in-ottawa
One thing is certain, this city will be seeing a lot more condos in the near future. And thankfully, some of them are very well-designed. I, for one, look forward to seeing some beautiful new architecture and homes in this city.
Have a very happy holidays, everyone!
CHRIS STEEVES