Why these five neighbourhoods made it through the recession with flying colours and why everyone should keep a close eye on these hot Ottawa areas. Make sure to visit my blog next week to learn why the final of the five, will also stand strong for years to come.
The five Recession Proof Hoods:
The Glebe
New Edinburgh
TODAY’S FEATURED NEIGHBOURHOOD: ROCKCLIFFE PARK
Why:
Because it’s the standard by which all other real estate in Ottawa is measured. Land here can sell for up to $3 million an acre, and they are not making any more of it, which is why Rockcliffe’s astronomical prices are expected to hold steady. Houses in Rockcliffe may be worth up to $11.8 million. That’s the latest assessment on socialite Marlene Cowpland’s too-modern-for-some home. Prices are highest west of McKay Lake. There, average sale price on the Multiple Listing Service rose 10.4 per cent last year. To $1,447,714. East of the lake, average sale price fell 24.8 per cent to $838,154. But in Rockcliffe, such stats can be misleading because of the small number of houses sold.
Rothwell Heights
Westboro
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