imported_test
新手上路
- 注册
- 2002-01-19
- 消息
- 232
- 荣誉分数
- 0
- 声望点数
- 0
Ottawa housing market continues to cool off
By Leo Valiquette, Ottawa Business Journal Staff
Wed, Oct 8, 2003 10:00 AM EST
Housing starts in Ottawa hit a low for the month of September not seen since 1998, while activity on the resale market was at its highest in three years, according to separate reports Wednesday.
The first report, housing starts, came from Canada Mortgage and Housing Corp. and demonstrated that two years of rampant growth is finally easing off.
CMHC reported that construction began on 392 new housing units last month, down 30 per cent from September 2002.
September's week showing follows a strong August, in which 767 starts made for the second-strongest August in 20 years.
"For the first time this year, construction activity for the month actually fell below the 10-year average for this census metropolitan area," Christian Douchant, senior market analyst for Ottawa, said in the report.
"The decline in starts last month, though sharper than usual, is reflective of the overall slowing trend in the new home market so far this year."
Starts of single-family homes fell 42 per cent from September 2002 to 194. In August, singles starts totalled 317.
In the multiples market, which includes cheaper dwelling types such as rowhouses and condominiums, the number of starts fell 12 per cent from last year to 198. In August, multiples starts totalled 450.
Douchant said the number of homes listed for resale is on the rise, providing more choice for consumers and reducing the need for new home construction to meet demand.
"By September of this year, the resale market had over eight per cent more homes listed to date then they did during same period of 2002."
On the year-to-date, new home construction is down 22 per cent from the first nine months of 2002, to 4,668 units. Singles are off by 27 per cent, while multiples are down by 17 per cent.
MARKET HAS SHIFTED
The Ottawa Real Estate Board, meanwhile, reported that activity remained brisk at the other end of the market during September.
OREB reported that 1,020 housing units changed hands last month, the best showing for the month of September since 2000.
The average price of the units sold was $224,058, compared to the average of the year to date of $218,674. OREB added that about 47 per cent of the home and condos sold priced under $200,000, offering a ray of hope for prospective homebuyers disheartened by soaring prices. Almost 22 per cent of the homes sold priced under $175,000, while 68 per cent of condos sold priced below that mark.
However, the market has cooled off.
"The market has shifted to a more balanced one," OREB president Kent Browne said in the report.
"While properties may stay on the market slightly longer, buyers have more of an opportunity to view without being rushed and sellers can be assured of more exposure for their property."
--------------------------------------------------------------------------------
By Leo Valiquette, Ottawa Business Journal Staff
Wed, Oct 8, 2003 10:00 AM EST
Housing starts in Ottawa hit a low for the month of September not seen since 1998, while activity on the resale market was at its highest in three years, according to separate reports Wednesday.
The first report, housing starts, came from Canada Mortgage and Housing Corp. and demonstrated that two years of rampant growth is finally easing off.
CMHC reported that construction began on 392 new housing units last month, down 30 per cent from September 2002.
September's week showing follows a strong August, in which 767 starts made for the second-strongest August in 20 years.
"For the first time this year, construction activity for the month actually fell below the 10-year average for this census metropolitan area," Christian Douchant, senior market analyst for Ottawa, said in the report.
"The decline in starts last month, though sharper than usual, is reflective of the overall slowing trend in the new home market so far this year."
Starts of single-family homes fell 42 per cent from September 2002 to 194. In August, singles starts totalled 317.
In the multiples market, which includes cheaper dwelling types such as rowhouses and condominiums, the number of starts fell 12 per cent from last year to 198. In August, multiples starts totalled 450.
Douchant said the number of homes listed for resale is on the rise, providing more choice for consumers and reducing the need for new home construction to meet demand.
"By September of this year, the resale market had over eight per cent more homes listed to date then they did during same period of 2002."
On the year-to-date, new home construction is down 22 per cent from the first nine months of 2002, to 4,668 units. Singles are off by 27 per cent, while multiples are down by 17 per cent.
MARKET HAS SHIFTED
The Ottawa Real Estate Board, meanwhile, reported that activity remained brisk at the other end of the market during September.
OREB reported that 1,020 housing units changed hands last month, the best showing for the month of September since 2000.
The average price of the units sold was $224,058, compared to the average of the year to date of $218,674. OREB added that about 47 per cent of the home and condos sold priced under $200,000, offering a ray of hope for prospective homebuyers disheartened by soaring prices. Almost 22 per cent of the homes sold priced under $175,000, while 68 per cent of condos sold priced below that mark.
However, the market has cooled off.
"The market has shifted to a more balanced one," OREB president Kent Browne said in the report.
"While properties may stay on the market slightly longer, buyers have more of an opportunity to view without being rushed and sellers can be assured of more exposure for their property."
--------------------------------------------------------------------------------
