Moving to a new area is more than just buying a place to call home. It’s an investment in a property, location, and lifestyle – and Ottawa offers some pretty great options.

So, let’s take a closer look at what makes the city such a great choice for Ourboro’s latest expansion, and why it deserves to be called your home.

Affordability

One of the biggest advantages of buying a home in Ottawa is its affordability. Ottawa offers a much more accessible housing market with an average home price of around $660,836, compared to $2,236,349 in Vancouver and around $1,450,112 in Toronto. This means you have a wider range of options when it comes to choosing your dream home, without breaking the bank. Plus, with lower housing costs, you can save more money on monthly mortgage payments, insurance, and maintenance.

From gas and food to goods and services, the cost of living is also significantly lower in Ottawa. This is why the area is a huge draw for new families, particularly neighbourhoods such as Stittsville, the Glebe, Westboro, Kanata, Barrhaven, Alta Vista and Orleans. Living in Ottawa means more money in your pocket to enjoy all the fun things in life, like vacations, dining out, and upgrading your home.

Stable Job Market

The federal government is one of the biggest employers in Ottawa, employing around 10% of the region’s population. This leads to a strong job market and, as a result, a more stable real estate market, protecting the investment you make in your home. While Ottawa is a government town, it’s also Canada’s 2nd biggest tech hub. With job opportunities in the public, tech, health, and education sectors, Ottawa sits at a lower unemployment rate of 5.3%, compared to the national average of 5.7%.

Ottawa’s steady job and real estate market make it an attractive option for first-time homebuyers and those looking to relocate. With a range of industries and geographic areas to choose from, you’ll have a wide range of options when it comes to co-buying with Ourboro.

Quality of Life

Ottawa is a hidden gem bursting with character, charm, and a vibrant culture that’s hard to match. It’s no wonder that it consistently ranks as one of Canada’s best places to live. One of the safest cities to live in Canada, Ottawa boasts impressive features, top-notch infrastructure, and world-class health care that’s hard to beat.

One of the best things about Ottawa is how easy it is to get around, with much less traffic congestion than other cities. In fact, a whopping 28% of the workforce uses public transit to get to work, which has also helped to keep CO2 emissions low and air quality high. Ottawa is known for its exceptional quality of life, regardless of which neighbourhood you choose to call home. Whether you’re a foodie, an art lover, or an outdoor enthusiast, there’s something for everyone.

Cultural and Recreational Activities

If you’re seeking a city that perfectly balances history, culture, and nature, then look no further. This stunning city is overflowing with cultural heritage, historic sites, museums, and natural beauty. Ottawa is home to several world-renowned museums, such as the Canadian Museum of History and the National Gallery of Canada, which attract visitors from all over the world. The city also hosts numerous events and live performances annually, including music festivals like FolkFest and Bluesfest. Meanwhile, neighbourhoods like Little Italy, Chinatown, and the ByWard Market are food lovers’ favourite hangouts, offering an array of delicious dishes that promise to tantalize the taste buds and keep you coming back for more.

Ottawa is also one of the country’s greenest cities, blessed with numerous parks and beautiful rivers that provide an outdoor experience and allow you to connect with nature, all within walking distance of your neighbourhood. The city’s bike paths are perfect for a leisurely ride on a sunny day, while the world’s largest skating rink on the Rideau Canal is a must-visit during the winter. For hikers and campers, Gatineau Park is just a few minutes away, offering a natural oasis at your doorstep where you can explore, relax, and enjoy the great outdoors at any time of the year. Ottawa’s unique cultural and lifestyle appeal makes it an ideal place to live and work.

Education

Do you know that Ottawa is considered the most educated city in Canada? This dynamic, youthful city – with 65% of its residents between 18 and 49 – is full of energy and determination. Boasting the highest number of engineers, scientists and Ph.Ds. in the entire country, Ottawa is a hub for innovation and growth. With two prestigious universities, the University of Ottawa and Carleton University, and numerous post-secondary, research and cultural institutions, Ottawa provides a wealth of educational opportunities.

Multicultural Community

Canada is a welcoming country known for its diverse culture and urbanism. Ottawa, the second-largest city in Ontario, is a prime example of this. With over one million inhabitants, Ottawa is truly a mosaic of cultures. What makes it even more special is that 24% of its population was born overseas, giving the city a unique cosmopolitan vibe. Being situated near the French-speaking province of Québec further adds to its diversity. If you want to benefit from a truly unique cultural experience that is unmatched anywhere else, it’s time to move to Ottawa.

The right mix of ingredients for a successful real estate investment

The bustling city of Ottawa is more than just Canada’s political heart. With the current demand for housing, cities like Ottawa are quickly becoming the perfect investment opportunity for those looking to buy a home and start building equity. After all, the factors that determine your property’s appreciation rate and how much you enjoy living in your new home will likely overlap. And a city like Ottawa, which is continuously expanding and evolving, has all the ingredients to offer you a great investment and a great place to call home.  

Co-owning with Ourboro is a new way to break into the Ottawa market and become a homeowner sooner. And we are here to support you throughout the entire journey, from buying, living in, and eventually selling your home. So, if you’re looking for a new option, why not consider moving to Ottawa like we did? You won’t regret it!

Join our waitlist today to be the first to hear when Ourboro launches in Ottawa.