关于渥太华的房屋市场(和房东房客的争论无关)
- 主题发起人 cgi
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If you don't care how much the property tax you have to pay (how quickly the house/land appreciates) and you are not planning to sell or upgrade/downgrade your home in 5 or 10 years (or you stay there forever).... then the price doesn't play an important role here.
But, if you are inbetween of buying or renting, you'd better get some unbiased (I know it is difficult - nothing is really unbiased) professional advice... Generally speaking, the price of the house should go up at least at the same rate as the inflation... right? I know there are some years in 90s, the price did drop a little bit in NCR area. But, how often that could happen?
Even I just bought a house in Ottawa, I still think it is overpriced! But as JJ said, since I will use it as my primary residence, considering opportunity cost (the rent you have to pay while you are waiting for the price to drop - will it drop???), I still made up my mind and buy it NOW! You know what? I paid almost $20,000 more than if bought it a year ago - same builder and same model! Well, I treated it as the location premium since my new house to at the river bank! - the community I really love.
But, if you are inbetween of buying or renting, you'd better get some unbiased (I know it is difficult - nothing is really unbiased) professional advice... Generally speaking, the price of the house should go up at least at the same rate as the inflation... right? I know there are some years in 90s, the price did drop a little bit in NCR area. But, how often that could happen?
Even I just bought a house in Ottawa, I still think it is overpriced! But as JJ said, since I will use it as my primary residence, considering opportunity cost (the rent you have to pay while you are waiting for the price to drop - will it drop???), I still made up my mind and buy it NOW! You know what? I paid almost $20,000 more than if bought it a year ago - same builder and same model! Well, I treated it as the location premium since my new house to at the river bank! - the community I really love.
oread
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You made it sound like consumers actually control the real estate market. 
Unless you are moving away from the city, you are not going to make a profit on selling your primary residence. Of course if it's an investment holding, then that's another story.
Unless you are moving away from the city, you are not going to make a profit on selling your primary residence. Of course if it's an investment holding, then that's another story.
keen_observer
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I read the CMHC report, it said the average price in Ottawa expects 5% increase in 2005. The 2004 average price in ottawa went up, I am not sure if there is a location reason for Kanata Lake; I would like to know which source your agent is reference to?
