Ottawa was Canada’s 699th most expensive suburb by listed median house price this month.
In Apr the median listed house price of $399,650 in Ottawa was an above average compared to the rest of Ontario.
This month we track 1st neighbourhoods in Ontario, and Ottawa has the 1st most choice available for real estate investors.
Is Ottawa a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Ottawa have stayed pretty much the same which would tend to indicate that demand is steady.
With a median listing price of $300,000, Ottawa is Canada’s 147th most expensive when ordered by median listing price.
Ottawa, Ontario has a median house price of $300,000 when compiling all the home listings in Apr .
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Apr this neighbourhood’s most common listing has properties with fewer bedrooms.
Ontario has the second most amount of properties available to property investors, with Ottawa having 2nd most in the province, out of a total of 168.
When we look at the data we have, it can help with trying to establish whether or not Ottawa is a good investment target.
If you are looking at investment properties in Ottawa, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.