Hot Ottawa condo market could cool

[guest]

One local architect confirms an Ottawa councillor's concerns an overflow in the city's condominium market is very possible.

Somerset Coun. Diane Holmes wants to launch an investigation into the local condo market to make sure the growth does not become a problem for the city.

She said complaints have flooded in about new downtown condo buildings and homeowners are less sanguine about the increased traffic and congestion that would result.

Architect Barry Hobin agreed a condo glut can easily happen but the solution is simply to sell to those who will live in the condos they buy, instead of resell.

"Ten years from now, when we've built all these smaller units, these investment-style units, what's going to happen in the market for those," said Hobin, "When they all become rentals are they going to be able to survive?"

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