City of Ottawa
and Ontario’s Municipal Property Assessment Corp.
The Ottawa Citizen
reports that in 2006 there were 402 properties in the city assessed as $1 million or more, while in 2015 there are 2,697.
Rockcliffe, Capital ward, Osgoode ward and Kitchissippi are among the neighbourhoods where seven-figure homes are becoming more prolific.
Along with Toronto and Vancouver, more Ottawans are being priced out of their own neighbourhoods.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Marshfield, Saint-Hilarion, Surettes Island, Hants Border, Thedford
The number of homes valued at $1 million or more has grown, according to data from the