Why Buy a Home



Did you know that two out of three Canadian families own a house? That is one of the highest rates of home ownership in the world. And for good reason. Real estate is a great investment in Ottawa.

And with increasing housing prices, it's all the more important for first-time buyers to get a foot on the first rung of the property ladder. 80 per cent of millionaires made their first million in real estate!


So what are some of the advantages of becoming a homeowner today?


(as opposed to renting, where your money goes to the landlord).

Unlike other investments that can be volatile, the average price of a house for sale in Ottawa has increased every year since 1996. Prices have decreased only five times in the last 50 years and by less than 4.1%. If you would've purchased a home in 1960 for $16,791, it would now be worth $332,536.

In Canada, there has not been a recorded 10-year period where average house prices have not increased.

It gets you into the housing market, keeps you in touch with increasing house prices, and puts you in a good position to trade up to bigger and better homes as your needs change.

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