http://www.obj.ca/Real-Estate/Reside...state-market/1
Decline continues and this is before many of the new buildings begin occupancy and with mortgage rates still at record lows. Prices down 3% and nothing I see is moving at all. I think at current prices and growth forecasts all small time investors must be out (or at least the smart ones). I follow byward market condos closely and nothing moving and some large price cuts on many.
And blaming the weather for three months in a row is plain stupid, especially given that Toronto is up so much. Ottawa's economy is stagnating.
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