Why these five neighborhoods made it through the recession with flying colours and why everyone should keep a close eye on these hot Ottawa areas.
The five Recession Proof Hoods:
TODAY’S FEATURED NEIGHBOURHOOD: The Glebe
Why:
Because by buying in, you get to live among like-minded people in a nice house near the canal, with good shops, schools, and restaurants close by. Sure, Glebites love to complain about how their property taxes keep going up and up. But what do they expect when their property values are always on the rise? Besides, they’re getting a break for the next three years as any increase to their tax share is phased in. Still, buying in is expensive. Average house sale price last year was $555,162 east of Bank Street (up 16 per cent ) and $587,232 west of Bank (up 5.4 per cent).
New Edinburgh
Rockcliffe Park
Rothwell Heights
Westboro
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