Ottawa

Canada’s national capital is a safe investment choice

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Discover Ottawa's Real Estate

While Ottawa is not nearly as famous as other Canadian cities, such as Vancouver or Toronto, it is the nation’s capital and has a wealth of enticing qualities for investors. Regularly ranked as one of the cleanest and best cities to live in in the world, Ottawa has an extremely stable economy, plenty of things to see and do, and a healthy real estate market. As the national capital, it is also a major tourist destination with world-class attractions and museums.

Culture, History, and Business

Ottawa is a relatively young city. Originally known as Bytown, the community was first established in 1826 during the construction of the Rideau Canal. The canal was built as a way for ships to bypass a section of the St. Lawrence River that bordered the US and which had become vulnerable to American attacks in the War of 1812. In 1857, Queen Victoria chose the town—which had by then been renamed Ottawa—to be the capital of Canada. The choice was a compromise since the town was located halfway between Kingston and Toronto to the west and Montreal and Quebec City to the east, all of which had vied to become the new nation’s capital.

Today, Ottawa’s status as national capital is still the main driving force behind its economy. The government is the largest employer in the city, which has resulted in a local economy that is highly stable. However, Ottawa is more than a government town. It is nicknamed “Silicon Valley North” due to its thriving tech sector and tourism plays a major role in the economy, thanks to its numerous historic sites, excellent museums and major international festivals.

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Real Estate Appeal

Ottawa has one of the most robust and stable real estate markets in all of Canada. Because the economy is dominated by the federal government, the city is far more protected from economic downturns than others. As a result, housing prices remain at healthy levels and generally don’t go through the dramatic fluctuations seen in other major Canadian cities.

Furthermore, as a tourist destination, the city has exceptional potential for short-term rental properties. While the weather does get very cold in the winter, the presence of Winterlude—one of the largest winter festivals in the world—ensures visitor numbers remain high throughout the year. As a result, Airbnbs and other short-term rentals can generate good yields regardless of the season.

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