Ottawa one of the least expensive capital cities for homebuyers, report suggests
Ottawa one of the least expensive capital cities for homebuyers, report suggests
File photo of downtown Ottawa. (Photo by Robbie Palmer of Unsplash)
Ottawa is one of the least expensive capital cities for homebuyers, according to numbers crunched by a UK-based insurance company.
The CIA Landlords Insurance study, published Jan. 3, 2023, ranked average house sizes in 30 of the UK's most populous cities and compared the figures globally.
Using price per square metre data from Numbeo.com, a crowd-sourced data aggregator, the agency reported that Ottawa has one of the lowest prices per square metre compared to 22 other global capitals.
Ottawa ranked third for price per square metre to buy a house in the city core at 4,227 GBP, or just under $7,000 CAD (around $650 per square foot). The cheapest homes, of the cities listed in the report, are found in Athens, Greece, which come in at just over $3,700 CAD per sq. m. Brussels, Belgium was second at around $5,600 CAD per sq. m.
London, UK, by comparison, costs nearly $20,000 CAD per sq. m., according to the cited data, while Washington, D.C.'s price came in at around $10,600 per sq. m.
The Numbeo figure used for the report is cited on the page as "price per square meter to buy an apartment in city centre" and is based on the higher end of a range between $4,700 and $8,300. It says data compiled for Ottawa was based on 228 entries from 43 contributors in the past 18 months and was last updated this month.
Canadian homes are also some of the largest, CIA Landlords Insurance claimed.
Using data on Canadian home sizes from ShrinkMyFootprint.com (which itself cites the Canadian Home Builders' Association as a source), the CIA Landlords UK report said the average home in Ottawa is around 181 sq. m., or 1,948 sq. ft., more than double the size of the average London, UK home at just 72 sq. m. (around 775 sq. ft.).
Canadian homes ranked fourth among global capitals for home size, behind Australia at 214 sq. m. (2,303 sq. ft.), New Zealand at 202 sq. m. (2,174 sq. ft.) and the U.S. at 201 sq. m. (2,163 sq. ft.)
The 2023 federal budget includes a 'grocery rebate' that will be offered to Canadians with lower incomes who may be struggling with the rising cost of food, CTV News has confirmed.
Flying over the Grand Canyon was a highlight for the Gellisen family during their trip to Phoenix, but their flight home to Toronto was a much different experience, with several family members forced off of the flight over tensions related to a teen's wheelchair.
Lettuce prices are likely to rise next month and could stay high into the summer, agriculture experts say, as flooding in a key California farming area becomes the latest example of extreme weather's effect on the food chain.
Police have identified a teenager who died after being stabbed in an ‘unprovoked’ attack at a Toronto subway station Saturday night, and have charged an adult male suspect with his murder.
An organizer with a group advocating for the rights of migrants in Canada is urging the federal government not to penalize potentially hundreds of international students facing possible deportation over fake school admission letters.
In France, a country that taught the world about people power with its revolution of 1789 -- and a country again seething with anger against its leaders -- graduating from bystander to demonstrator is a generations-old rite of passage.
A Royal Canadian Navy frigate departed Halifax today as part of the federal government's wider strategy of boosting its presence in the Indo-Pacific region.
As the Prince Edward Island election approaches its final week, the Green Party is fighting to hold onto its historic gains from the last provincial vote -- a battle some experts say could result in lost seats.
Police have identified a teenager who died after being stabbed in an ‘unprovoked’ attack at a Toronto subway station Saturday night, and have charged an adult male suspect with his murder.
The 2023 federal budget includes a 'grocery rebate' that will be offered to Canadians with lower incomes who may be struggling with the rising cost of food, CTV News has confirmed.
Montreal police say a fifth body has been extracted from the rubble of a heritage building that caught fire nine days ago, leaving two others still missing.
The 2023 federal budget includes a 'grocery rebate' that will be offered to Canadians with lower incomes who may be struggling with the rising cost of food, CTV News has confirmed.
Flying over the Grand Canyon was a highlight for the Gellisen family during their trip to Phoenix, but their flight home to Toronto was a much different experience, with several family members forced off of the flight over tensions related to a teen's wheelchair.
Damage is estimated at $50,000 after a residential fire in London on Sunday. Crews were called to the scene on Rideout Street early Sunday morning that temporarily displaced several people from their units.
The 2023 federal budget includes a 'grocery rebate' that will be offered to Canadians with lower incomes who may be struggling with the rising cost of food, CTV News has confirmed.
Nearly five years after the legalization of marijuana in Canada, one local cannabis retailer feels Manitoba should be more proactive and flexible when it comes to regulating pot sales in our province.
A 49-year-old man has been charged with attempted murder and assault with a weapon in connection to injuries suffered by a 50-year-old woman in Cambridge.
Worries of a recession in 2023 got another jolt this weekend with former Bank of Canada governor Stephen Poloz warning the country’s economy is at a greater risk of a “hard landing” – a rapid economic slowdown following a period of growth and approaching a recession. For small businesses, it's a prediction that brings concern.
The appreciation and respect shown by the public after two Edmonton Police Service officers were killed in the line of duty has not gone unnoticed, their families said in a statement ahead of the regimental funeral on Monday.
The Saskatoon Blades' last two home games of the season have been against the Regina Pats, and with top NHL prospect Connor Bedard drawing big crowds wherever he's playing, almost 30,000 fans have come through the turnstiles at Sasktel Centre.
City administrators are calling for a design change on Main Street and Clarence Avenue that would prevent vehicles from using Main Street as a thoroughfare rather than 8th Street.
The appreciation and respect shown by the public after two Edmonton Police Service officers were killed in the line of duty has not gone unnoticed, their families said in a statement ahead of the regimental funeral on Monday.
The procession for two Edmonton police officers who were killed in the line of duty is scheduled to leave the Alberta Legislature grounds toward Rogers Place at approximately 11:45 a.m.
Lettuce prices are likely to rise next month and could stay high into the summer, agriculture experts say, as flooding in a key California farming area becomes the latest example of extreme weather's effect on the food chain.
A temporary foreign worker from the Philippines who was fired from her job as a caregiver after a cancer diagnosis has been awarded over $45,000 by the BC Human Rights Tribunal.
File photo of downtown Ottawa. (Photo by Robbie Palmer of Unsplash)
