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Discover a vast selection of over listings from reputable developers and agencies on our dedicated portal, offering prime opportunities to buy real estate in Ottawa for investment and living. Our platform guarantees that all information is accurate and current, simplifying the process of finding your perfect property. Use our advanced filters to tailor your search by size, number of bedrooms and bathrooms, neighbourhood, proximity to key infrastructure, and preference for new or resale units. Effortlessly explore the most sought-after listings and find options that fit your budget. Sellers are easily accessible to provide additional information and can be contacted directly via phone or personal messages.
- Minimum price: USD 1
- Maximum price: USD 31.24 million
- Minimum area: m²
- Maximum area: 137,948 m²
The most popular neighbourhoods to purchase properties in Ottawa, Canada, include:
- Westboro: One of the city’s most sought-after neighbourhoods, Westboro is just steps from the centre. Despite its higher prices, it remains highly popular due to its prime location and vibrant community.
- Hintonburg: Known for its unique character and strong sense of community, Hintonburg offers an abundance of amenities and a vibrant arts and cultural scene. The neighbourhood’s mix of residential streets, independent shops, and cosy cafes creates a lively and dynamic atmosphere.
- Downtown Ottawa: The heart of the city is a hub for business, cultural events, and entertainment. With numerous museums, restaurants, and shopping centres, it attracts buyers seeking convenient proximity to work, a variety of entertainment options, and excellent transport accessibility.
Previously, the country had a legalisation programme based on real estate purchases. However, permanent residency is now granted to students, repatriates, refugees, and individuals holding work permits valid for at least 6 months. Therefore, regardless of the cost of apartments or houses in Canada, a buyer cannot become a resident unless they participate in regional programmes like the Quebec Investor Program, which grants immediate permanent residency lasting 5 years, followed by eligibility to obtain a Canadian passport.
Real estate in Ottawa
The capital city of Canada is an exceptional relocation choice, offering a blend of cultural richness, economic stability, and high quality of life. Known for its picturesque landscapes, vibrant arts scene, and robust job market, it attracts a diverse population, from young professionals to retirees. The city boasts excellent educational institutions, including top-rated universities and schools, making it an ideal place suited to families. Additionally, its healthcare system is among the best in the country, providing residents with peace of mind and access to top-notch medical services.
One of the key reasons to consider property in Ottawa is its balanced lifestyle. The city offers the amenities and opportunities of a major urban centre while maintaining a sense of community and accessibility. Its extensive network of parks, trails, and waterways provides abundant opportunities to engage in outdoor activities, from cycling along the Rideau Canal to hiking in Gatineau Park. The city’s diverse neighbourhoods each have their unique charm, whether it is the historic architecture of the ByWard Market or the modern developments in Kanata.
The city provides a wide variety of real estate options:
- Single-Family Homes: These are ideal for families in search of more space and privacy. They often come with yards and are located in suburban neighbourhoods, providing a quiet and family-friendly environment.
- Condominiums: Catering to individuals or small families who prefer urban living, condos in the city are typically found in the downtown area and offer amenities such as gyms, pools, and security services.
- Townhouses: These properties offer a middle ground between single-family homes and condos. They provide more space than a condo but require less maintenance than a single-family home. Townhouses are popular in both urban and suburban settings.
- Luxury Properties: If you are seeking high-end living, the city has a selection of luxury homes and condos. These units often feature premium finishes, expansive floor plans, and exclusive amenities.
- New Developments: The city is seeing a surge in new housing developments, including both residential and mixed-use projects. These new builds offer modern designs and the latest in-home technology.
- Investment Properties: The city presents investment opportunities in both residential and commercial real estate. Multi-family units, office spaces, and retail properties are available to those looking to generate rental income.
Each of these options caters to different needs, whether you are a first-time homebuyer, a growing family, or an investor looking to capitalise on the capital’s real estate market.
Reasons for investing in real estate in Ottawa
Investing in property for sale in Ottawa is seen as a prudent choice, given the city’s steady population growth and the government’s continuous infrastructure development, which enhances property values over time. Here are some key reasons to consider the capital when seeking to invest in real estate in Canada:
- Appreciation of Property Values: The average cost of real estate in Ottawa increased by 4% year-over-year to USD 705,117 in April 2024, crossing the USD 700,000 mark for the first time since May 2022. This indicates a healthy appreciation rate that benefits real estate investors.
- Strong Rental Market: The city’s rental market remains robust, with the average rent for a 2-bedroom apartment rising by 4% year-over-year to USD 1,698 in 2023. This is further amplified for turnover units, which command higher rents, averaging USD 1,903.
- High Rental Demand: Rental completions in the capital reached a multi-decade high of 3,194 units in 2023, with an additional 3,602 rental units scheduled to be delivered in 2024. This surge reflects a strong rental demand, making it an opportune time for investment.
- Balanced Market Conditions: The city’s housing market is currently balanced, with a decrease in the average sale price by 8.1% from 2022 to 2023, stabilising the market and offering investment opportunities at more reasonable valuations.
- Increasing Sales Volume: The number of homes sold totalled 2,678 units in Q1 2024, marking a 13.1% increase from the same period 2023. This upward trend in sales volume demonstrates a vibrant market with ongoing transactions.
- Economic Stability: The city’s economy is characterised by stability, driven by the presence of government institutions and a burgeoning tech sector, which supports a strong employment rate and contributes to the housing demand.
These factors, combined with the city’s quality of life, extensive green spaces, and commitment to education, make buying investment real estate in Ottawa an attractive option.
Buying real estate in Ottawa
Navigating the dynamic Canadian housing market demands access to up-to-date and comprehensive listings, a need expertly fulfilled by Global Properties. This intuitive platform boasts an extensive database of houses and apartments in Canada. With just a few clicks, users can filter through a vast array of options tailored to their specific needs and preferences. Additionally, the platform provides the ability to view real estate prices in Ottawa in multiple currencies, streamlining the search process and making it easier than ever to find the ideal property. Global Properties also offers valuable insights and detailed unit descriptions, ensuring buyers are well-informed before making their investment decisions.