[Read more…]Ottawa Real Estate Statistics – May 2023
Bank of Canada – Interest Rate Hike
In an effort to control cost of living the Bank of Canada rose the interest rate by .25 per cent yesterday. Details here.
Architect – Rahul Mehrotra
Rahul Mehrotra (1959-) is an Indian architect. He studied at CEPT University and Harvard Graduate School of Design. In 1990 he founded Rahul Mehrotra Associates in Mumbai and in Boston. He teaches at Harvard Graduate School of Design. He is an activist in the conservation of historical areas.
Filmaker Country House
School of Arts & Sciences at Ahmedabad University
Polyclinic for the Destitute
Tata Institute of Social Science
KMC Building
Country House in Middle of an Orchard
Sanctuary House Hyderabad
Lilavity Lalbhai Library
Ottawa Real Estate Newsletter – June 2023
Royal LePage Report – Investment properties
Royal Lepage has recently released it’s report as to the state of investment properties in Canada.
Survey highlights:
- Approximately 4.4 million Canadians currently own an investment property
- 26% of all Canadians say they are likely to buy an investment property within the next five years
- One-third of Canadian real estate investors (32%) own two or more properties
- Younger investors, those aged 18 to 34, are more likely to own more than one investment property compared to their older counterparts (aged 35+)
- 15% of Canadian residential investors do not own their primary residence; the majority of whom are aged 18-34
- Nearly one third of investors in Canada (31%) have considered selling one or more of their investment properties due to higher lending rates
- 20% of investors in the Greater Montreal Area say they are likely to sell one or more of their investment properties within the next two years; this percentage rises to 24% and 28% in the greater regions of Toronto and Vancouver
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