Ottawa Real Estate

Real Estate Market

The East End, as previously mentioned, is home to some of the most expensive properties in the city. In particular, Rockliffe Park and New Edinburgh contain a majority of said properties. It is no surprise to see that high-profile ambassadors, scientists, and wealthy business owners tend to occupy these homes. All of the homes are detached, with each holding multiple bedrooms and bathrooms. It is not uncommon to see amenities such as tennis courts and pools being a part of these homes due to the thousands of square feet that these properties occupy.

The West End is primarily composed of suburban communities that are extremely dense in the number of homes that are available. These are primarily townhomes that are aggregated within a few feet of each other, mixed with a few detached properties that are larger in size. With nearby access to major roads, residents can commute to their workplace without any problems. These neighbourhoods only contain a few chain retail stores due to the high population density.

The South End contains the least amount of real estate development, yet contains one of the most difficult real estate markets to break into. One of its most notable neighbourhoods is the Alta Vista area. Due to the old age of these properties – at least half a century – and the convenient location that provides nearby access to all of the city’s main services, residents will very rarely put their homes up for sales and they are bought just as quickly as they are advertised. Homes here include detached homes, semi-detached homes, bungalows, and apartments. The properties here contain a large amount of free space and vegetation in relation to the size of the home.

• Average Home Price: $398,608
• Average Rent Price: $1,173.93
• Average Condo Price: $311,964
• Average Detached Home Price: $350,000

The following table, based on data taken from the Canadian Real Estate Association (CREA’s) National MLS® Report for April 2016 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centres.

Education

As one of the most educated cities in Ottawa, it is no stranger to offering education at the highest level. There is0. a wide range of universities and colleges that each offers their own specialities. For example, the University of Ottawa places a heavy focus on innovative scientific research. Algonquin College, on the other hand, excels in the fields of contemporary arts and trade work.

When it comes to elementary schools in the K-8 range, Ottawa has an impressive 220 public schools and 75 private schools that provide children with a very high level of education. Amongst the highest-ranked in reading, writing and math include Edouard-Bond, Elmdale, Mutchmor, and Hopewell Avenue. Many of these schools are home to international academic competitions and initiatives that provide students with opportunities to advance their knowledge and skills beyond what is taught in the classroom.