Wednesday, September 20, 2006

Ottawa Housing Most Affordable in Canada

Housing in Ottawa is more affordable than in most other major cities, including Calgary and Vancouver.

Housing in Ottawa remains among the most affordable in the country in all categories.

Owning a detached bungalow in Ottawa would consumer 30.3 % of income, compared to 68.2 % in Vancouver, 43.9 % in Toronto and 34.6 % in Calgary.

A standard Ottawa townhouse is on a par with Calgary, while a standard condo or two-storey home is slightly less affordable.

All classes of homes in Ottawa experienced a mild deterioration to affordability that was largely fuelled by slightly higher mortgage rates. Prices declined in the detached bungalow and condo segments, but year-over-year price appreciation remains healthy.


Blogger David Ashley Gilbert said...

Your blog entry was very interesting. I am a realtor specializing in Tampa Bay Florida Real Estate .

9:47 AM  

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