From the blog...


Posted on: June 6th, 2018 by Chris Scott

Everyone knows that Toronto prices are crazy but it is always hard to put it in context in terms of what something similar here in Ottawa would sell for. I decided to dig a bit deeper and figure this out. I wanted to find something in a similar suburban-style community in each city. The easiest way to accomplish this was to find something built by the same builder, in this case, Mattamy Homes.

I used the suburban communities of Milton in the GTA and Stittsville in Ottawa.
VERDICT: The price gap between these properties was even more than what I was expecting. I really think that if a buyer in Toronto is willing to pay those prices right now it is only a matter of time before Ottawa gets to that level. I have said it for years and I believe now people are starting to realize that Ottawa is a very undervalued real estate market. Just this week we were named the #7 city in the world for quality of life. Number 1 in North America (Wellington NZ was #1 in the world).  If you want some assistance with your real estate needs our team is always happy to help!

Leave a Reply