RE/MAX forecasts construction boom near LRT stations over next 12 months
Ottawa Citizen

By Vito Pilieci, Ottawa Citizen, April 25, 2017

The opening of the Confederation Light Rail station will lead the construction of residential homes along its route, according to a new study released Tuesday by RE/MAX.

The real estate giant said in the study that it is seeing increased interest from homebuilders who are eager to start construction projects near LRT lines which would allow families to access downtown areas through public transit.

The real estate brokerage’s study on real estate trends in Ottawa for the first three months of 2017 showed the nation’s capital has set a blistering resale home pace, with more than 3,156 homes sold over the first 90 days of the year, and 18-per-cent increase over the 2,666 resale homes sold during the same period in 2016.

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