Economics of Ottawa’s Real Estate Market

Economic of Ottawa’s Real Estate Market in the current year. 

• Affordable housing; prices in Ottawa are below the National average.

• Demand for housing is up and supply is low with long lead times for new construction.

• Ottawa has a lower than average unemployment rate and it is forecasted to improve in 2010.

• The Average Income is the highest in the country and has been since 2000.

• Economic trends in the city are on the rise.

• Ottawa has a highly educated workforce and is a destination city for quality jobs.

• The population growth is fuelled by upscale immigration, the allure of the Capital City and the “Baby Boomers” are on the move.

• The Ottawa “Real Estate Market” is stable, showing modest growth year after year for the past 10 years.

• Attractive mortgage options with low cost of borrowing.

The Hamre Real Estate Team understands the real estate market in Ottawa and we drive to achieve results for our clients every day. “This is not a hobby for us. It is our profession and inspiring dreams is our passion.”