Thursday, July 16, 2009

Some articles

http://www.ottawasun.com/news/ottawa/2009/07/13/10121156.html

http://www.cbc.ca/canada/toronto/story/2009/03/11/housing-report.html

Be warned, the CBC article is pretty terrible. They quote numbers without actually diving into them. They mention that a home in Ottawa could cost an extra $17,000 after July 1, 2010. This number is pretty unrealistic if you assume a home of about $300,000 (which is the average house price roughly in Ottawa). There is a rebate of 75% that should be available to home buyers. The rebate reduces in amount after $400,000, but incremental costs of $17,000 are still on the high side.

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