Ottawa has an incredibly fast-growing real estate market. It doesn’t matter if you are looking for a residential property or a commercial property, or if you are seeking out a condominium or a Cape Cod home, you can definitely find what you need in one of the more than 50 diverse and unique neighborhoods. And what’s more, Ottawa real estate is a sound investment. This is because the city of Ottawa is continually growing and developing. In Ottawa, there is something for everyone.
Many people may not know this, but Ottawa was actually ranked sixth in the world for quality of life by the Corporate Resources Group (a Swiss management firm). There are many reasons for this, however—all of which support the idea of investing in Ottawa real estate. Here are just a few of the substantiations for that claim:
* Many government organizations make their home in Ottawa, including Parliament, the Government of Canada, the Senate, and the Supreme Court of Canada.
* Families in Ottawa enjoy the highest median incomes of any Canadian city, according to Statistics Canada.
* Ottawa is open and inviting to all cultures from around the world. In fact, although the main languages spoken are English (50% of the population) and French (32% of the population), thousands of residents are fluent, or nearly so, in many other languages. These include Spanish, Italian, Portuguese, Chinese, and Arabic, among others.
* Ottawa has the highest-educated workforce in Canada—there are more engineers, scientists, and PhD’s in this city than in any other Canadian city.
Because of all of this, much of Ottawa real estate is highly desirable. But, that doesn’t mean that it is all highly priced. Just like any other city, housing or commercial property prices depend upon exact the location and features of the property.
The housing market in Ottawa has been growing by leaps and bounds as more people flock to the capital city. There are many options for real estate purchases both right within the heart of the city and within a short walking distance. These urban housing choices range from high-rise apartments and condominiums to small stone houses to sizable Colonial homes—and more. If you want to live in the midst of all of the hustle and bustle of downtown Ottawa, there are plenty of options for you. All of these Ottawa real estate choices can be found through visiting your real estate agent.
Surprisingly, though, over 90% of Ottawa’s area is mostly rural—and this is where most people enjoy living. There are quaint and unique neighborhoods that border the downtown area that are populated with bungalows and cottages, each of which has its own character and charm.
Or, if you are seeking a larger and more rustic piece of Ottawa real estate, you can look beyond these neighborhoods to the areas of farmlands and fields. Best of all, none of these areas are far from the city—even small village neighborhoods are only about 20 minutes away from downtown Ottawa.
