House and condo buyers in Canada’s capital are getting more home for their real estate dollar, a new survey has found.
Century 21 Canada recently found that the price per square foot of a detached Ottawa home is among the lowest in the country at $215. Condos are slightly higher at $347 per square foot.
That puts the city in the same league as Red Deer, Alta., and below North Calgary, the real estate firm says.
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To put the number in context, the comparable figure for a detached home in West Vancouver is $1,210 per square foot, according to Century 21. It also found that condo buyers in downtown Toronto can expect to pay slightly less than $819 per square foot.
Local economic development officials are increasingly using Ottawa’s relative housing affordability when marketing the city to skilled workers from other Canadian urban centres.
