After record breaking Ottawa area residential home sales in April and may the local inventory of homes for sale looks a lot like the shelves at LCBO's across Ontario two days ago. The sometimes forgotten or hidden gem in the housing industry are new homes which in some places still have a strong home inventory. If you know where to look or who to ask there are a lot of really good deals available for first time home buyers, real estate investors or people just looking for a change.
The most interesting for me right now is the Rivercourt lofts a Domicile homes project on the banks of the Rideau river. They are now very eager to sell the remaining units as construction completion is scheduled for this December. If you are looking for a rental this building is perfect for positive cash flow in a rental and with closing only six months away you can lock into very favourable mortgage rates making buying now not just a smart investment but something you don't want to miss out on. Ask me about the breakdown for the this positive cash flow project and I'll be glad to tell you about this one and a few others I have been looking at.
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