New builds in Ottawa for Sale

City on the map

Ottawa is the capital of Canada. It is located in the eastern part of Ontario on the banks of the Ottawa River, in a low-lying flat area. The population of the city is more than a million people.

Why is it profitable to buy an apartment in Ottawa in new builds for sale?

The city's economy is focused on the radio-electronic, tool-making industry, other research and science-intensive industries and high-tech spheres.

Unlike large cities - Toronto, Vancouver, where financial flows are concentrated, this is a political and administrative center. The main state institutions are located here: parliament, ministries, departments. The capital is called the city of employees.

But Ottawa is also a student city. University of Ottawa and Carleton University accept applicants from all over the world.

The transport infrastructure is at a high level: there is an international airport, a wide variety of transport works. However, when the Ottawa River and the city's Rideau Canal freeze, many officials and office managers rush to work on ... skates. Probably, this is also a manifestation of Canadian free common sense (I do as I it fits, and not in accordance with the status).

In terms of its measured rhythm of life, the Canadian capital differs from many large metropolitan areas. Despite its gloss, it is cozy: museums, cultural centers, restaurants of various cuisines, numerous coffee shops, a market for farm products, jazz clubs, bars, beautiful parks.

The climate is temperate continental - hot summers, cold winters. According to climatologists, Ottawa is the snowiest of the world capitals. The tourist season starts in May and ends in early October. In the pre-Christmas period from December 1 to December 24, people come to the city for shopping and a festive atmosphere. The best time to visit is from May to September.

Ottawa, with the exception of the central regions, remains a low-rise city with the cleanest air - in the middle of the 20th century, all railway infrastructure and industrial enterprises were removed from the capital. An ecological natural zone was created around the city, which is now called the "green belt of Ottawa".

The demand for new developments in Ottawa continues to grow, driven by the following factors: a stable business sector (thanks to the status of the capital), a rapidly growing technology sector with new centers and successful companies, and never-ending city improvement work. Not only affordable, but also elite housing is being quickly sold here. And if earlier houses more expensive than $1.5 million were considered overvalued, now they are snapped up in a maximum of two weeks. In 2020, a lot of buyers came from more expensive Canadian cities, especially from Toronto and Montreal. The usual flow of investors from China and India has decreased, but Americans also have appeared on the market, and there are more and more of them.

Residential complexes in Ottawa offer a large number of housing units. New homes for sale in Ottawa from the developers are being built in compliance with the most modern technologies and builders have good reviews about the quality. The sale of apartments from developers can be carried out on installment plan basis, provided the proximity of the residential facilities to the necessary infrastructure.

Investments in real estate in Ottawa in new homes bring high passive income (rent, resale). You can buy an apartment from one of the developers in Ottawa based on almost any needs, limited only by material capabilities. According to the information provided by the real estate search engine GEOLN.COM, the minimum price per square meter in the turnkey condition is USD 1,530.

Features of purchasing apartments in Ottawa from developers by foreigners

The purchase of real estate by non-residents of Canada is carried out under the same conditions as for Canadian citizens. The exception is made by the state-defined recreational areas.

Highlights of the city

• Parliament building and Parliament Hill;
• National Gallery of Canada;
• Byward market;
• Chateau Laurier (a luxury hotel in the city center, built in a castle style in 1912);
• Notre Dame or Basilica of Our Lady;
• Church of Saint Brigida;
• Basilica of St. Patrick;
• Canadian War Museum;
• Canadian Museum of Nature;
• Confederation Park;
• Major's Hill Park;
• Lake Dow.

In the spring, a tulip festival is held in the capital.

Where and what is being built in Ottawa

A lot is being built in Ottawa, experts predict that in the near future all the remaining undeveloped plots of land in the city will become sites for new condominiums, the prices of which will continue to rise.

Among the most prestigious and expensive areas are McKellar Park, Westboro and Island Park. This is a lively part of the city with good educational institutions, an abundance of restaurants and cafes. It is especially attractive to high-income buyers. The overwhelming majority of the acquired housing is detached houses with a living area of 170 to 330 square meters.

Purchasing an apartment in one of the new developments in Ottawa is the most profitable investment in a dynamically developing housing market that brings passive income and creates a high quality of life.