Posted Jan 27, 2020, 11:31 PM
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Registered User
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Join Date: Jun 2009
Location: Aylmer, QC
Posts: 6,662
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Quote:
Originally Posted by CityTech
Regardless, current market conditions suggest healthy demand in the short term, hence why builders are building so much right now (again, 2018 and 2019 both seeing a significant increase in construction starts). I do agree that the longer term trends do not point to this being sustained. If anything this could be why there's so much construction activity now, everyone wants in while it's going good.
If we end up with an oversupply that's not a bad thing; it'll help lower rents back down to sane levels.
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I believe that Ottawa is on the cusp of an immigration explosion that will sustain the market for a very long time.
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