A house is more than a just a home. It is a long-term financial investment and making mistakes while buying a home, could result in irreparable losses. Home buyers, who are lured by offers, discounts, and freebies, tend to forget their actual requirement and hence, can make mistakes.

Ottawa’s Condominium Market and its Relationship with Purpose built Rentals

Summary

The rise in condominium apartment starts since 2008, ensuing rise in completions, coupled with soft ownership demand for such dwellings on both the new and the resale sides of the market have led to an inventory overhang. This situation gradually led to more and more condominium apartments being offered for rent, filling in a gap left by decreased construction of new purpose-built rental apartments from historical highs and providing renters with more options.

Donna Maguire is a proud and successful sales representative at REMAX Hallmark Realty™ Group.

Donna grew up in Montreal and moved to Ottawa in 1984; a beautiful city she now calls home. She is married and has two grown daughters who live on the west coast.

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