With a population of more than 1 million, Ottawa is one of the largest metropolitan areas in Canada and North America, and is rapidly emerging as a powerful economic and technological centre. As modern and advanced this town might be, it hasn’t turned into an unbearable urban area, where the air is difficult to breathe and you can’t have a nap because of the dreadful car noise. On the contrary, Ottawa remains very family friendly and there are several peaceful residential neighborhoods that are a pleasure to live in. If you are thinking about buying a house here, you are making a wise decision. However, before starting to look at ads, you should know the basics about the most popular residential neighbourhoods and get acquainted with the topic of Ottawa mortgage rates. The west wing of Ottawa stands out through Alta Vista, a residential neighbourhood that was built in the 1960’s. During that time, houses were considerably larger than they are now, so if you have a large family and you need plenty of space, this is a good choice. Alta Vista is made up of several enclaves, some of which being East Carlington and Graham Park. Each enclave has its own characteristics but, as a whole, the area can be described as quiet and charming, perfect for families with small children. Doctors often settle here, because the Ottawa Hospital is only a few minutes away. Ottawa’s east wing, which includes neighbourhoods such as Rothwell Heights and Blackburn Hamlet, looks great in pictures: it is quite picturesque, with beautiful houses, nice gardens and plenty of cyclists. Although calm and civilized, this area is like a trip back in 1970’s Ottawa, so it’s not surprising that a lot of the people who settle here are senior citizen. The only downside is that the properties can be quite expensive, so do make sure you talk to professional Ottawa mortgage brokers in advance. Young couples also have an interesting option: the Bridlewood - Emerald Meadows area. This is one of the newest built residential neighbourhoods, so the houses are in top notch condition. Also, unlike the first two optioned mentioned above, this is one has mostly young families and also plenty of traffic. If you want to live somewhere safe and nice and at the same time still get a bit of the urban feel, then you’ll find that this is an nice option for you. Last, but not least, Orleans Village is the area that many real estate agents nominate as a great balance between cost and living standards. Properties here are somewhat more affordable than the ones in the other areas, so if you want to save some money you could consider it. No matter what your dream home looks like, remember that you should not take into account only the price of the house, but also the level of daily expenses. If you buy a home for a bargain price, but the cost for living in that area is too high, you could have problems with your mortgage. For best results, tell a professional broker about your plans and find the best decision together. For more information about Ottawa mortgage or about Ottawa mortgage brokers, please click here.
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