All real estate in Ottawa, Canada

Location, climate, economy

Ottawa is the capital of Canada, the fourth most populous city in the country. Ottawa is located in eastern Ontario on the banks of the river of the same name. This is a wonderful city that harmoniously combines coziness, comfort, business and cultural life.

The climate is temperate continental, with hot summers and cold winters. The average temperature in January is −11°C, in July +20.3°C.

In Ottawa, there are enterprises in the electronic, instrument-making, pulp and paper, and printing industries. The capital of Canada is often referred to as the "Northern Silicon Valley" because several giants of the electronics industry operate here. Agriculture plays a larger role in Ottawa's economy than in any other major city in Canada.

Why buying property in Ottawa is a good idea

With a healthy economy, strong population growth, an attractive job market and strong demand for condominiums, the city offers a vibrant and diverse real estate market in Ottawa. Other benefits of buying real estate in Ottawa include the following:

• economic, political and social stability in the country and city;
• is one of the most convenient and quiet administrative cities in the world;
• cleanliness and environmental friendliness (there are no industrial complexes and other facilities that emit pollutants into the atmosphere in the city and its environs);
• high level of employment of the population;
• government policies that favor migrants;
• a large selection of real estate objects;
• active real estate market.

Stable growth in housing prices and favorable purchase conditions allow not only savings, but also increasing of the funds by generating income from renting or reselling housing. In the Ottawa real estate market, the number of offers significantly exceeds demand, so there is a chance to reduce the price of an object at the time of purchase. Residential real estate in Ottawa is offered at more attractive prices than in other major cities of the country (for example, Toronto). In addition, the favorable economic situation inclines, first of all, to the purchase of real estate, not to renting the properties.

New buildings in the residential complex Ottawa, which are put into operation, comply with building codes, as evidenced by customer reviews. When selling projects under construction, developers offer promotions, discounts, installment payments, mortgage lending. The reason for the interest in local primary real estate is investment security and consistently high rental returns.

The cost of real estate in Ottawa

Despite the fact that Ottawa is the capital of the state, the cost of real estate in the city is still somewhat lower than in other regions. In recent years, business life has intensified in the city, the labor market is flourishing, which has accelerated the construction of new housing, for which prices have begun to rise. Approximate prices for real estate in Ottawa are as follows:

• an apartment in a residential area costs from $3,000 per sq.m., on the outskirts - $2,835, apartments closer to the center - $4,450;
• two-room townhouse on the outskirts - about $160,000;
• housing with three bedrooms, two parking spaces and an equipped kitchen - from $ 273,000;
• house - 360,000-400,000 USD.
• Commercial real estate is in high demand here due to its low cost: a coffee shop in the city center - 65,000 USD, an art gallery - about 30,000 USD.

Types of properties for sale

• Potential investors can choose from the following types of properties in Ottawa:
• residential (apartment, condominium, townhouse, detached house, duplex, penthouse, apartment, etc.);
• commercial (shopping space, office space, warehouses, industrial premises, etc.);
• land plots.

Real estate site in Ottawa

The GEOLN.COM real estate website with a convenient search interface helps investors to find and buy residential real estate in Ottawa. On the site you can choose apartments according to the necessary parameters without intermediaries and take advantage of the advice of specialists.

Buying real estate in Ottawa by foreigners: the nuances of investing

According to Canadian law, foreign citizens can buy real estate in Ottawa (with the exception of recreational areas). In order to buy residential property in Ottawa, you must open a special trust account, the money from which cannot be used for purposes other than buying and selling a specific residential property. Only after an apartment (house) is re-registered to the buyer, the seller gets access to the funds in the account. The purchase and sale of real estate in Ottawa is clearly regulated by law, which reliably protects the parties from fraud and the risk of losing money.

We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of objects according to individual parameters, provide a comprehensive service to support the safe execution of a transaction. The sale and purchase of real estate in Ottawa is provided by professionals with many years of experience.

Buying real estate in Ottawa is a profitable investment that guarantees the preservation and growth of assets in a city with excellent infrastructure, excellent ecology and living conditions.