Ottawa Real Estate Trends and Information
Ottawa, the capital city of Canada, is situated in southeastern Ontario and covers an area of 2790 km². Despite covering a massive piece of land, the population density of this city is merely 334/km². Ottawa is situated on the south bank of the Ottawa River, which played a significant role in the settlement and development of the city.
History Of Ottawa
Ottawa was designated as capital Province in 1857 and retained the status when Canada became a dominion within the British Commonwealth in 1867. Situated on the boundary between English-speaking Ontario and French-speaking Quebec, Ottawa enjoys the perquisites of a bilingual city in Canada.
Ottawa - The Capital City of Canada
Choosing a capital city is not easy. A lot is considered while choosing the capital of a country. Many factors such as the location and size of the city are checked before allocating the title. In 1857, a few cities were competing to be the capital city. To settle the issue, Queen Victoria chose Ottawa because it was centrally located between Montreal and Toronto and was along the border of Ontario and Quebec (the center of Canada at the time). Besides, it was distant from the American border, protecting it from attacks. Nowadays, it continues to grow as a major administrative centre.
Houses For Sale in Ottawa
Dwellings in Ottawa can be characterized by various structural types such as Single-detached houses, Semi-detached houses, rowhouses, apartments, condominiums, etc. The following list of houses depicts the total figures for different housing types as listed in the 2016 Census: Distribution (Property Type)
- Single-detached house: 158,235
- Apartment in a building: 68,645
- Other attached dwelling: 146,085
- Semi-detached house: 20,140
- Apartment | Condos: 7,055
- Other single-attached houses: 465
The median value of dwellings remained ($)400,148 in the year 2016.
The average value of dwellings was ($)444,589 at the time of the Census.
Housing Market Transaction Trends:
- The average rent for a 1-bedroom apartment in Ottawa, ON is currently $1,500. Compared to last year, the average rent price has remained flat.
- The average rent for a 2-bedroom apartment in Ottawa, ON is currently $1,800. It was a 1% increase compared to the previous year.
- Ottawa's housing market returned to regular levels in line with typical summer sales
- Average sold prices for all property types was $607k
- Single-family home prices increased by 14% year-over-year to $674k
- The average household size is 2.5.
- Condo home prices increased by 6% year-over-year to $407k
Ottawa Real Estate (Prices)
- Avg. Sold Price: $606,943
- All Property Types: $606,943
- Condo Apartment: $407,148
- Transactions (Buy/Sell): 1,572
- All Property Types: 1,572
Home Prices in Ottawa
- Price Change: 13.8% Increase
- Sold Percentage: 25.4% Decrease
Condo Prices in Ottawa
- Price Change: 6.1% Increase
- ** Sold Percentage:** 10% Decrease
Ottawa Housing Market Statistics
- Average Sold Price: $606,943
- Percentage Annual Change: 11% Increase
- Transactions (Buy/Sell): 1572
- Annual change: 22% Decrease
Brampton Population Demographics
In 2016, the total number of residents of Ottawa was 934,243. The population density was 334.8/km².
- Age: The data published in the Census of 2016 provides data about the average age of the city's residents. The age group ranging from 15 to 64 years came out as the major one, with 67.9% of total residents falling in this category. This age group was followed by 0 to 14 years (16.7%), slightly more than the percentage of 65 years and over (15.4%). The average and the median age were the same, i.e. 40.1 years.
- Diversity: As of the 2016 census report, 20% of the city's population is non-indigenous, with the most common non-Canadian countries of origin being China (8.0% of those foreign-born), the United Kingdom (7.3%), and Lebanon (5.1%). About 6.8% of residents are not Canadian citizens.
- Religion: Around 65% of Ottawa residents describe themselves as Christian as of 2011, with Catholics accounting for 38.5% of the population and members of Protestant churches 25%. Non-Christian religions are also very well established in Ottawa, the most significant being Islam (6.7%), Hinduism (1.4%), Buddhism (1.3%), and Judaism (1.2%). Those with no religious affiliation represent 22.8%.
- Education: Ottawa has many schools to choose from. The city offers high-quality English and French education in public (non-religious), Catholic and private school systems. The Ontario government pays for public elementary and secondary school education. School bus transportation is also provided free of charge to students depending on their grade level. The different educational institutions in Ottawa are:
- The University of Ottawa: The largest bilingual university globally !
- The Dominican University College
The Federal government is the city's largest employer, employing over 110,000 individuals from the National Capital Region. Tourism: Ottawa, being the capital city of Canada, enjoys income from the tourism sector. The National Capital Region annually attracts an estimated 7.3 million tourists, who spend about 1.18 billion dollars.
Ottawa received the title of "Silicon Valley North" because of the concentration of tech-based companies in the region. Below are the companies incorporated in the city:
The region, being a technology center, employs 63,400 people through its 1800 companies.
- Health Sector: Health Sector is another major employer that employs over 18,000 people. Four active general hospitals are in the Ottawa area:
- Queensway Carleton Hospital
- Children's Hospital of Eastern Ontario
Finance, insurance, and real estate account for 10% of Ottawa's GDP. Talking about agriculture, it alone accounts for $400 million, $136.7 million of which is farm-gate sales. In 2016, the unemployment rate in Ottawa was 7.2%, which was below the national unemployment rate of 7.7%.
- Transportation: The estimated total number of commuters:439,850
- Car, truck, van - as a driver: 275,620
- Car, truck, van - as a passenger: 25,250
Community Safety and Crime Rate
- In 2014, two in five (40%) Ottawa residents aged 15 and older were delighted with their safety from crime, on par with Ontario residents (40%) and Canadians living in the provinces overall (38%).
- Half (50%) of Ottawa residents felt very safe when walking alone after dark, similar to the proportion in Ontario (51%) and Canada's provinces (52%).
- One in four (26%) Ottawa residents said they had a solid sense of belonging to their community, on par with Ontario (25%) and Canada's provinces (25%).
- The large majority (77%) of Ottawa residents thought crime levels in their neighbourhood were lower than the rest of Canada, similar to Ontario (76%) and Canada's provinces (74%).
- The vast majority (95%) of Ottawa residents reported having confidence in police in 2014, significantly higher than the proportion in Ontario (91%) and Canada's provinces (91%).
Events and Recreation
Ottawa hosts various annual seasonal activities—such as Winterlude, the largest festival in Canada and Canada Day celebrations on Parliament Hill. Top tourist attractions include:
- National Gallery of Canada
- Canadian Museum of Nature
- Diefenbunker, Canada's Cold War Museum
- Notre-Dame Cathedral Basilica
- Canada Aviation and Space Museum
Major nearby cities:
Accomplishments of Ottawa
- It is the second-largest city in Ontario, the fourth-largest city in the country, and the fourth-largest CMA.
- In 2019 Mercer ranked Ottawa with the third-highest quality of living of any Canadian city and 19th highest globally.
- In 2010, Ottawa's Festival industry received the IFEA "World Festival and Event City Award" for the category of North American cities with a population between 500,000 and 1,000,000.
- Education in public elementary and secondary schools is free of cost.
- The schools in Ottawa provide quality education, with Ottawa students on average scoring higher than provincial averages in most reading, writing, and mathematics.
- Ottawa also has the world's largest bilingual university, the University of Ottawa.
Ottawa Real Estate (Top Concerns)
How much does a condo apartment cost on average in Ottawa ?
The average price of a condo apartment is $407,148.
What is the mean monthly rent for a 1-bedroom apartment in Ottawa ?
The average rent for a 1-bedroom apartment in Ottawa, ON, is currently $1,500.
What is the percentage share of condo apartments in all house types in Brampton ?
The condo apartments account for a 25% share in all house types in August 2021.
On average, what is the rent paid by tenants for two-bedroom apartment in Ottawa ?
The average rent for a 2-bedroom apartment in Ottawa, ON, is currently $1,800.
What is the average cost of a house in Ottawa ?
The average price of a house in Ottawa is $606,943.