The most popular neighbourhoods in Ottawa are Richmond, Stonebridge - Half Moon Bay - Heart's Desire and Portobello South. We isolate these neighbourhoods by looking at various factors that convey an area's desirability. Indicators include the average time a property spends on market, the average sale price, plus the percentage of homes that have sold over asking.

Ottawa's most priciest neighbourhoods are Airport - Ottawa, Rockcliffe Park and Woodroffe North. Neighbourhoods are ranked by assessing the average sold price during the past 12 months, and compared to all of the other neighbourhoods in the city. Buying in Ottawa's priciest neighbourhoods may not be ideal if you're seeking good value. Standherd Meadows, Riverside Park and Chapel Hill South could be much better options.

Ottawa's cheapest neighbourhoods are Britannia Heights, Kinburn and Nepean. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. In comparison, the average house in Ottawa is selling for about $839,559.

Property tax is one of the things you'll need to consider when estimating the cost of owning a house in Ottawa. This tax is crucial in providing local residents with essential services, including garbage collection, fire protection and policing. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. To determine how much property tax you'll pay, the city will multiply that tax rate by your home's current market value - which can fluctuate year-to-year depending on the value of neighbouring properties. This is why it's not necessarily correct when Ottawa homeowners assume that the bigger their house, the more they'll pay. Let's say your property's market value is $700,000 and the municipal property tax rate is 0.5%. This means you'd owe $3,500 in property taxes that year.

Strata.ca features all listings in Ottawa, updated multiple times daily - you won't ever miss a property when using this platform. Want more than just listings' Strata.ca also offers historical data and property-ranking capabilities that other sites don't have. From the average sale price to appreciation rates - Strata.ca gives you the power to learn every aspect of the neighbourhoods you're interested in.

Ottawa has a decent walk score of 54, meaning some errands can be done on foot, but many will likely require a car. Meanwhile, the transit score is 35 - indicating that only a few options exist when it comes to public transportation. For anyone with a bike, this neighbourhood offers more limited bike infrastructure, with a bike score of 43.

When looking for a house in Ottawa, many buyers will overlook the closing costs. It's important to be aware of what these costs are, so you can budget accordingly prior to making an offer. When searching for a house in Ottawa, buyers will typically take into account 1.5% - 2% of their budgeted purchase price for closing costs. For instance, 2% in closing costs on a $500,000 house would be $10,000. Because these charges cannot be lumped into your mortgage, it's crucial to have this money upfront upon closing. In Canada, regardless of where you purchase, all buyers must pay a land transfer tax. These amounts are set up by the individual provinces, with some municipalities imposing a second tax upon closing. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. A real estate lawyer is necessary to finalize any purchase in Ottawa, so you'll want to include their fees in your closing costs. A good rule of thumb is to set aside about $1,500 to $2,000 to pay out your real estate lawyer upon closing.