About Ottawa Home Insurance
Ottawa is Canada’s capital city. It is the fourth largest in the country with well over 1 million residents living in the region. There is a diverse need for home insurance of all types. Home and condo owners, renters, short term tenants, students, and many others all have unique insurance needs to protect their property and personal belongings.
Whether you live in downtown Ottawa, Nepean, Kanata, Orleans, or Gloucester, we can help you get home insurance. Our team can help you get coverage for whether it is in an urban area, the suburbs, rural area outside of Ottawa or anywhere else in the Ottawa-Gatineau region.
The city is known for being one of the best cities in which to live in terms of quality of living and cleanliness. Fortunately for you, the city typically has lower insurance when compared to other large cities in Ontario.
It is also one of the youngest and most educated cities. As a result, there are many new home and property owners. If you’re one of them, always make sure that you consider insurance as part of the buying process. Speak with an advisor before making a final purchase decision to get the best home insurance in Ottawa.
The type of dwelling you choose has an impact on how much you will pay for insurance. Here’s an overview of the number and types of dwellings in Ottawa :
| Type Of Dwelling |
Percentage |
| Number of Private dwellings |
535,500 |
Single detached houses (%) |
44.80% |
| Apartment buildings 5+ stories (%) |
14.00% |
| Apartment buildings with less than 5 stories (%) |
14.10% |
| Duplex (%) |
2.90% |
| Other dwellings (%) |
24.10% |
Ottawa Home Expenses Can Affect Insurance Premiums
The overall price of your home will affect your premiums. Here is a glimpse of some of the estimated expenses and some information about owning a property in the city.
| Item |
Amount |
| Average Home Cost |
$545,000 (Dec 2020) |
Property Taxes on $500K House |
$4,798 |
| Residential Property Tax |
0.96% |
| Unemployment |
8.1% (Oct 2020) |
| Homeownership |
66.60% |
| Average Household Income |
$86,579 (2016) |
