Why Ottawa?
Should you invest in property in Ottawa?
If you’re considering investing in multi-family apartments or commercial properties in Ottawa, there are quite a few things to consider. With a high number of renters, rising population and booming real estate market, Ottawa continues to be an attractive city to real estate investors and developers.
The Ottawa Market
With a high quality of living, high household income, and quality educational insituations, Ottawa remains among the most attractive cities to live for newcomers and students. It is also one of the most economically stable markets in unstable times.
The Ottawa real estate market is now entering a 10-year boom phase, making it a good time to invest in real estate in the Nation’s Capital.
Why Ottawa?
One of the highest average household income cities in Canada.
Ottawa has one of the highest median household incomes in the country, as well as the highest median household income in the province of Ontario.
Home to world renowned education institutions.
Ottawa is home to world renowned post-secondary education institutions attracting continual flow of student renters for: University of Ottawa, Carleton University, Saint Paul University, La Cité Collégiale, and Algonquin College.
Booming tech sector
With over 1900 high-tech companies, Ottawa has the second largest concentration of science and engineering employment in North America, attracting young professionals.
High quality tenants
The city attracts high quality renters for neighbourhoods like the Byward Market, Sandy Hill, the Glebe, Centretown, Little Italy, Hintonburg, Westboro, Kanata, etc.
Substantial capital projects
In recent years, Ottawa has seen many new developments, with substantial capital projects such as Landsdowne, Zibi, Light Rail Train, Kanata Tanger Outlets, Lebreton redevelopment, etc. These new developments will provide years of positive economic ripple effect.
High quality of living
Mercer has ranked Ottawa as having the second highest quality of living of any large city in North America.
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