Why You Should Invest In Ottawa

1. Stable Real Estate Market

Ottawa is known to have one of the most stable real estate markets due to its excellent economy, employment abilities, stable levels of housing appreciation and housing infrastructure. As the capital of Canada, the government plays a large role it this stability and employment, with the tech industry, construction, and manufacturing also being top industries of employment. Canada’s current unemployment rate currently stands at a very low rate of 4.5% compared to Canada’s overall rate of 6.0% as of December 2021.

2. Fast Growing Expansion and Diverse Areas

Ottawa is a beloved multicultural city that is fast growing and rated #3 for the “Best places to live in Canada in 2022” https://creditcardgenius.ca/blog/best-places-to-live-in-canada. Due to its many trendy areas, including, Westboro, Hintonburg, The Glebe, Little Italy, Chinatown, Byward Market, and more, Ottawa is known for its great food, amenities, transportation networks, safety, entertainment, nature/trails, and overall quality of life. The Ottawa suburban areas are steadily expanding with home builders continuously selling out at their lot release date and other more central areas going through stages of growth and renewal with many investors or corporations renovating or demolishing existing run down properties to raise the value of that street or area.

The Light Rail Transit (LRT) is an above ground railway and one of Ottawa’s newest and most infamous projects. The LRT development has been set in stages throughout the city and is incredibly beneficial to public transit goers and can increase your property value being near it.

3. Low Initial Investment for Great Profit

4. Stable Rental Market and Low Vacancy Rates

5. Variety of Real Estate Investments