Tighter mortgage rules in New Year may be driving Ottawa house price hikes
(WorldNews Canada)

Tighter mortgage rules, which become effective on New Year`s Day, may be driving up the cost of buying a house in Ottawa. Prices for single family homes jumped 7.3 per cent year over year in November to reach $403,500, the Ottawa Real Estate Board reported this week. The price hikes reflected in part a higher-than-usual sales volume for November, which helped to reduce the number of available properties. There were 3,212 residential listings at the end of November compared to 3,745 in October and 4,207 in November 2016. The...