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Alternative Home Ownership trends
in Ottawa
There is a significant increase in homebuyers, particularly Baby Boomers, relocating to Ottawa. They want to be closer to their kids and to their grandchildren, many of whom are either attending university or working in the region.
However, non-traditional home ownership accounts for a small portion of the market in the region due to the affordability of independent living and not a widespread trend. One of the draws for young families in the region is the dream of home ownership and independence. Ottawa is also a destination city for lifestyle, affordability and good-paying jobs.
Find an agent
Halifax property sellers have no concerns about accepting an offer from non-traditional homebuyers, so long as the buyers have a reliable plan for how they will finance the property.
Seller perceptions
1. Consult a professional broker to learn about your options and how to navigate the transaction.
2. Be patient. The ideal situation often requires weeks/months of looking and offering.
home-buying advice
Regional insights and advice provided by RE/MAX brokers and agents. Each RE/MAX office independently owned and operated.
home-buying advice
Speak to a realtor to understand what options would best suit you, and the associated opportunities and risks.
Looking ahead this year, and given affordability in the region, the first quarter of 2024 is expected to be the golden window for snagging the lowest house prices in Ottawa, a trend that is anticipated to continue for the next decade.
Regional insights and advice provided by RE/MAX brokers and agents. Each RE/MAX office independently owned and operated.
Speak to a realtor to understand what options would best suit you, and the associated opportunities and risks.
Looking ahead this year, and given affordability in the region, the first quarter of 2024 is expected to be the golden window for snagging the lowest house prices in Ottawa, a trend that is anticipated to continue for the next decade.
Home-buying advice