Is Ottawa Ontario the safest residential real estate market to invest in right now due to a high number of their workforce being afforded the ability to work from home at high salaries and stable government jobs

Is Ottawa Ontario the safest residential real estate market to invest in right now due to a high number of their workforce being afforded the ability to work from home at high salaries and stable government jobs

You are too late.Investors realized months and months ago that Ottawa would be largely COVID-recession-free because tens of thousands of federal employers aren’t working, but unlike private sector employees, they are on full pay.Many have taken outside jobs, or are consulting, because they have a full time income already, but nothing to do, nowhere to be.

All of which means the prices soared several months ago.That said – Ottawa is normally a good investment market, because there is a very stable, well paid workforce.You will rarely see huge leaps, and it’s equally rare to see huge downs.

A steady 2.5–3.5% annual gain.