5 Reasons to Invest in Ottawa Today

In all honesty, it’s not surprising that real estate listings Ottawa aren’t getting as much love as those available in Toronto and Vancouver. These two major cities are considered as some of the hottest locales in Canada right now, so they tend to attract a lot more immigrants and “transplants” compared to other cities.

All of this doesn’t mean that Ottawa is a bad choice. While it dropped from last year’s top spot to number two this year, it’s still one of the best places to live in Canada.

But is it good enough reason for you to actually invest in the city? Will it be a good idea to purchase a piece of property here? Many experts say yes.

Why? Here are five reasons that might just convince you that Ottawa can be a better choice than Toronto or Vancouver.

Housing prices are more affordable here.

If you’ll compare the real estate prices in Toronto, Vancouver, and Ottawa, you’ll see that the capital city has the lowest prices of the three. In fact, its real estate prices are lower than the national average. So if you want to make the most out of your budget, this city might just let you find your dream home at a reasonable price range.

Aside from the lower prices, the local real estate market is also deemed to be one of the strongest and steadiest in the country. Both Toronto and Vancouver have been struggling to meet the high housing demands for years but things are cooling as of late. Ottawa might not have the same amount of demand but the sales are steadily rising over the years. This makes it a good place to invest now as it can promise profits later on.

The local economy is pretty stable.

Unlike other provinces in Canada, Ottawa is not reliant on a singular industry. It has the government, technology, and military trades to count on so even if one of them hits a wall, the entire city won’t fall into a depression because of it.

This also promises various career paths for workers. As a result, it’s a great place to move to for those who are looking for a brighter future.

There are tons of things to see and enjoy in this city.

Despite some people’s claims that Ottawa is ‘boring’, there are actually tons of things that you can enjoy around here. There are lots of museums in the area as well as green spaces so you won’t run out of ways to entertain yourself. The nightlife might need some improvement but its dining options are already growing so that’s a good start.

It has a small town feel with big city amenities.

One of the things that locals will tell you is that it feels like everyone knows everyone in Ottawa. With its size, it shouldn’t be surprising as the city is small. However, with its modernity and big city amenities, new folks don’t always expect this to be the case. It’s nice, though, because it will make you feel like you belong in a tight-knit community without missing out on the comforts that the big cities have to offer.

The traffic isn’t as bad as other major cities.

This isn’t to say that Ottawa’s traffic isn’t bad because the local rush hour can be brutal. However, it’s nothing compared to what you’ll experience in other major cities. With some adjustments, you’re sure to find this concern easier to live with.

These are just a handful of reasons why you should give Ottawa a shot. Pay the city a visit and experience its culture and you might find yourself falling in love with the locale all the more.