When purchasing your first property or any properties thereafter, a fair bit of research is required to ensure you’re making the best choices for one of the biggest investments you’ll mostly likely ever make. Real estate can be volatile and having an agent working with you and for you will help you navigate through the process as well as the cities, neighborhoods and homes that may be right for you. The location of your new home will have implications not only on your lifestyle, commute and overall enjoyment of the home, but it will also have implications on your investment and how your home appreciates.
Ottawa, the capital of Canada, covers a vast area of 2,779 square km in Eastern Ontario. The National Capital Region in total is 4,715 square km and includes Ottawa, its neighboring city of Gatineau and the rural communities surrounding. Ottawa specifically has upheld a strong reputation amongst its Canadian surrounding cities. Performing very well in quality of life surveys and being voted as the No. 1 Place to Live in 2017 by MoneySense Magazine, there are many reasons why Ottawa draws people from near and far.
7 Great reasons why you should buy in Ottawa:
- Ottawa has very high quality healthcare with residents being entitled to access the province’s publicly funded system available through Ontario Health Insurance Plan (OHIP)
- Ottawa is one of the cleanest cities in the world and was ranked fourth cleanest city by Forbes Magazine in 2007
- The unemployment rate in Ottawa is very low hovering at 4.4% mid 2018, which is lower than the Canadian average
- Crime rates are low in Ottawa with a crime rate approximately 40% below the national average
- Ottawa has a growing job market with tons of opportunity for employment with the federal government and many innovative companies keeping the economy strong
- Ottawa has one of the highest median household incomes in the country which, coupled with job security, means Ottawa residents have significant purchasing power
- Ottawa real estate is one of the strongest and steadiest in the country compared to some of the more volatile markets in Toronto and Vancouver
Ottawa’s real estate market is surely one to watch in 2019 and beyond. Whether you are looking to buy a house in a rural, suburban or downtown area, the nation’s capital might be the perfect city for you and your family to enjoy a great, high quality of life.
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If you are seeking advice on buying a home in the Ottawa area, or have more questions for us, we are happy to provide you with helpful guidance and support. Email us at info@buyandsellottawa.ca or call us at 613-590-3036.