With the strong Public Sector backbone employing over 100,000 locals, Ottawa is also an international leader in Clean Technology, Aerospace Technology, and Digital Media. In partnership with local governments and corporate incubators, these economic growth hubs accommodate many innovative and stable companies that will continue to provide diversity and employment growth for the area. There are currently over 1,841 technology companies located in Ottawa making it a core Technology and innovation hub in Canada.
Stable Housing Market
For a large Metropolitan Area over 1 million people, the housing market in Ottawa offers excellent value. While average Toronto detached sales prices are over $1 million, average Ottawa home sales are $385,412 in 2015. Prices will trend upwards over the long term given the vital importance of this area for the continued success of the Nation on the world stage, highly educated workforce and its diverse and growing corporate sector.
Most Advanced in Higher Education
Home to over 73,000 full-time students at The University of Ottawa, Carleton University and Algonquin College – there is no shortage of highly educated and talented individuals, many of whom remain in Ottawa and support the local real estate market. But talent from many areas of Canada and the world are what have made Ottawa, Canada’s most educated workforce with over 120,000 graduate level employees working here. For graduates looking for an Ottawa mortgage broker and the lowest mortgage rates, contact Altrua Mortgage Brokers Ottawa for more information and an approval quote.
A community of Festivals and Activities
Entertainment and festivity are an ongoing part of the life here. Some of the festivities include skating on the Rideau Canal, Winterlude celebrations, Ottawa Wine and Food Festival, and Blues and Jazz festivals. Not to mention some of the biggest Canada Day celebrations you can find. Ottawa has been quoted as an ‘electric City’ and there’s never a shortage of fun!
Award-Winning Public Transportation
It is very easy to get around in Ottawa with one of the most diverse, clean and well planned public transportations systems in Canada boasting more bike and walking trail KMs per person than any other major Canadian City. A new $1 billion dollar rapid transit system and substantial rapid transit upgrades are underway to ensure an infrastructure capable of handling growth and providing excellent liveability. Ottawa is also home to its own International Airport.
Vibrant Culture, Parliment and Top Museums
As a major tourist destination catering to those who want to learn about Canadian History and Culture, Ottawa is offers several world class museums including the National Art Gallery, Canadian War Museum, Canadian Museum of Nature and The Canadian Air and Space Museum to name a few. Parliament Hill is home to the House of Commons and Supreme court – both of which are welcoming to the public. Everyone loves the Byward and Sparks St markets which provide an array of dining, shopping and nightlife all year round.
Close Proximity to Major Markets
Within a 3 hour drive to Greater Toronto and 1 hour drive to USA – Ottawa is close to major market economies that will continue to offer support for stability and growth.
Inventory of Serviced Development Sites
The area has an excellent inventory of serviced land that is ready for development by factories, offices, commercial and residential initiatives. This is an excellent local feature that will support long term economic growth and positively affect the real estate markets.
Voted Top Major City in Canada for Livability
For several years in a row, Ottawa has been voted the best City in Canada to live in by the Toronto Star and Money Sense Magazine. While other cities have risen and fallen over the years, Ottawa has most consistently stayed at the top of these lists.
Lowest Rate Mortgages in History
Owning a piece of this magnetic and rapidly developing city has never been more affordable with mortgage interest rates at all-time lows. Contact Altrua, Mortgage Brokers Ottawa for more information on your home purchase, mortgage refinance or investment in this exciting moment of opportunity.