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Posted over 14 years ago

Just the facts ma'am - according to CMHC

According to

* employment is up 3% in 2010
* 25 to 30% of public sector employees will retire in the coming 10 to 15 years
* over the next 10 years, single family homes will drop from 40% of the market to 30% of the resale market
* vacancy rate
Ottawa - 1.6% - predicted to drop to 1.25%
Brockville - 2.7%
Kingston - 1%
* 1/3 of homes in Ottawa are rentals
* rents are between 25 and 50% lower in Gatineau versus Ottawa
* 25% of home buyers are under 30 and over 65 - they all confirm condos as their top choice
* approx. 4500 condos in Ottawa are owned by investors, which is 20% of the market
* condo apartments are about 4.5% of the Ottawa rental housing stock
* immigration to Ottawa is jumping from 6,000 people per year to 12,000 plus people per year.
* Ottawa has the highest income per household in Canada at $2,096/week
* 1 out of 9 high density homes built in Ottawa are condos not purpose built apartments

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