Archives for Ottawa Economy

‘Shortage’ of homes for sale pushes Ottawa property prices up 6.8% in Q4: Royal LePage

‘Shortage’ of homes for sale pushes Ottawa property prices up 6.8% in Q4: Royal LePage The Ottawa Business Journal, online, Published January 10th 2018 Low inventory levels and a last-minute rush to beat tougher Canadian mortgage rules helped push the average price of a home in Ottawa to $442,533 in the final quarter of 2017, Royal LePage said Wednesday. The real estate firm’s latest house price survey said the average price of a home was up 6.8 per cent, year over year – four percentage points below the national average. New mortgage rules came into effect at the start of this
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Canada’s new budget numbers show booming economic growth — and booming spending

Published online Ottawa Citizen by Brian Platt: October 25, 2017 | Last Updated: October 25, 2017 8:43 AM EDT   OTTAWA — Surging economic growth has Canada’s government on track to lower its deficits, but it’s also committing billions of dollars in new spending, including an extra $5.6 billion pumped into the Canada Child Benefit program over five years. “We’re very pleased with our economic situation, it’s what we would have hoped for.” Finance Minister Bill Morneau An extra $1.8 billion is already booked this year in new spending since the spring budget, and starting next year, hundreds of millions
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