On November 5th, 2015 the Canadian Mortgage and Housing Corporation (CMHC) hosted its housing outlook conference. While many of the presenters had invaluable insight and knowledge to share, Team Elder Real Estate wanted to specifically relay news regarding Ottawa’s Westboro and Hampton Park neighbourhoods.
Ottawa’s Local Housing Market
Getting the sales stats and facts on Ottawa’s local housing market is always interesting. Right off the top, it should be noted the following sales statistics do not include condominiums.
As expected, the Glebe, Rockcliffe, Manor Park and New Edinburgh hold stong on the title for highest home prices in Ottawa. The lowest home prices are found in Rockland and Clarence.
Between 2006 and 2014, the highest rate of pricing growth was inside the Ottawa Greenbelt – at a shocking 90%. Outside the Ottawa Greenbelt boundaries, the pricing increase during the same period was 35%. Clearly we are seeing a home’s location and community remain prime decision factors.
Now for the piece de resistance. During the eight year period between 2006 and 2014, the highest price growth was in Westboro and Hampton Park, specifically for two-storey single homes. It goes to show a welcoming community mixed with modern redevelopment and scenic views of the Ottawa River makes a great place to call home.
If you want to learn more about real estate opportunities in Ottawa’s Westboro Village, Hampton Park, Wellington Village or anywhere else in the Ottawa region – give Team Elder a call at 613.236.5959. We would love to show you around.