Experts have indicated Canada will need to build millions more homes in the next 10 years to meet our growing needs. To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.
Ottawa Home Price
When looking across the province, Ottawa is the 343th most expensive in Ontario.
While the median for Ontario is $349,900 , which means that Ottawa’s median price is $379,900 considerably better than the rest of the province.
Ottawa’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
From our data, it appears that neighbourhood is number 2nd when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Ottawa will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Ottawa, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Ottawa is number 229 putting it ahead of most neighbourhoods .
With Ottawa’s median house price at $299,000 in Aug , it is above average compared to the rest of Ontario.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Ottawa has a huge choice compared to the rest of the province
Will prices rise across the next year in in Ottawa? There are a number of real estate indicators to consider.
Over the last three months in Ottawa, housing stock available seems to be falling – this could mean that homes values might increase faster.
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