Real Estate in Ottawa, Canada
Last updated on Nov 13, 2024
Summary: The average cost of a nice 2 bedroom home in Ottawa, Canada is around $400,000 CAD. These properties typically include a living room, kitchen, two bedrooms, and one or two bathrooms. Amenities may include a backyard, a garage, and a finished basement. The average cost of a nice 3 bedroom home in Ottawa is around $500,000 CAD. These properties typically include a living room, kitchen, three bedrooms, and two bathrooms. Amenities may include a backyard, a garage, and a finished basement. There are no restrictions on foreign ownership for properties in Ottawa. An expat searching for a home to buy in Ottawa should research the local market, look for properties in desirable neighborhoods, and contact a real estate agent to help them find the right property. The most desirable neighborhoods in Ottawa include Westboro, Centretown, and the Glebe. These neighborhoods offer a variety of amenities, including restaurants, shops, parks, and easy access to public transportation.
How do I find a place to live in Ottawa?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"By location and building amenities (The Richlin) a great building for adults, not a good neighborhood for kids, Everything you can imagine is within 3 1/2 miles from here," remarked one foreigner who made the move to Ottawa.
"One of the best ways to find a place to live in Ottawa is to use online resources such as rental websites, classifieds, and real estate agents. You can also search for rental properties in the local newspapers or on bulletin boards in the area. Additionally, you can ask friends and family who live in the area for recommendations. Once you have identified potential properties, you should visit them in person to get a better sense of the neighbourhood and the amenities available," explained one person living in Ottawa, Canada.
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What is a typical expat home or apartment like in Ottawa?
"Expat homes and apartments in Ottawa are typically modern and spacious, with plenty of natural light. Many of the apartments are located in the downtown core, close to amenities such as restaurants, shops, and entertainment. Expats can also find homes and apartments in the suburbs, which offer more space and a quieter atmosphere. Most homes and apartments come with basic amenities such as a kitchen, bathroom, and living area. Many also have access to outdoor space, such as a balcony or patio," explained one person living in Ottawa, Canada.
What is the average cost of housing in Ottawa?
If you are thinking about moving to Ottawa, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Ottawa is generally considered to be quite high. Prices for homes in the city range from moderately priced condos to luxury homes, with the average price for a detached home in the city being around $500,000. Renting is also an option, with the average cost of a one-bedroom apartment in Ottawa being around $1,400 per month," remarked one member in Ottawa.
Should I buy or rent a home in Ottawa?
If you have not spent a lot of time in Ottawa, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Ottawa can be a great investment. It can provide you with a stable place to live and the potential for long-term appreciation. However, it is important to consider the costs associated with buying a home, such as closing costs, mortgage payments, and maintenance costs. Renting a home in Ottawa can also be a great option, as it can provide you with flexibility and the ability to move quickly if needed. Additionally, renting can be a more affordable option in the short-term, as you will not have to pay for closing costs or a down payment. Ultimately, the decision to buy or rent a home in Ottawa will depend on your individual needs and financial situation," explained one expat living in Ottawa, Canada.
What do I need to know when buying property in Ottawa?
When we asked expats what advice they would give a foreigner before buying a property in Ottawa, they said:
"When buying property in Ottawa, it is important to research the local market and understand the current trends in the area. It is also important to consider the local amenities, such as schools, parks, and public transportation, as well as the proximity to major highways and other transportation routes. Additionally, it is important to understand the local zoning regulations and any restrictions that may apply to the property. It is also important to consider the cost of living in the area, including taxes, insurance, and utilities. Finally, it is important to work with a qualified real estate agent who is familiar with the local market and can provide advice and guidance throughout the process," said one in Ottawa.
Are foreigners allowed to own property in Ottawa?
When we asked expats what advice they would give a foreigner before buying a property in Ottawa, they said...
"Yes, foreigners are allowed to own property in Ottawa. Non-residents of Canada are able to purchase property in the country, however, they must obtain approval from the Canadian government before doing so. Additionally, they must provide proof of their financial ability to purchase the property and must pay a non-resident tax on the purchase," explained one person living in Ottawa, Canada.
What appliances are typically included in a rental?
We asked foreigners in Ottawa what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Ottawa typically include a refrigerator, stove, dishwasher, washer, and dryer. Some properties may also include a microwave, window coverings, and air conditioning," explained one foreigner living in Ottawa, Canada.
Additional Information about Searching for a Home in Ottawa:
We asked foreigners in Ottawa what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats looking for homes in Ottawa can search online for real estate listings, or contact a local real estate agent for assistance. They can also search for rental listings on websites such as Craigslist or Kijiji, or look for rental postings in local newspapers. Additionally, expats can join online forums and ask for advice from other expats who have already settled in Ottawa," remarked one foreigner who made the move to Ottawa.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.