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Ottawa’s wealthiest neighbourhoods

Map of average net worth per Ottawa-Gatineau household. Source: ©2012 Environics Analytics, WealthScapes 2012

Map of average net worth per Ottawa-Gatineau household.

Courtney Symons
Published on August 10, 2012
Published on August 10, 2012
Courtney Symons  RSS Feed

Ottawa's richest neighbourhoods are scattered across the city but lie mainly in the west, according to a survey of average household net worth prepared by Environics Analytics.

Topics :
Ottawa International Airport , Ottawa , Hwy , Ottawa River

Click here for a larger version of the map.

Update: Additional maps showing Kanata and Orleans are available here.

A large chunk of the city’s west end boasts an average net worth of more than $600,000, an enclave that begins west of Hwy. 416, south of the Ottawa River, east of March/Eagleson Road and north of Fallowfield Road.

Other well-off local neighbourhoods include the Glebe, Westboro, Rockcliffe Park, Billings Bridge and Alta Vista, the region surrounding and west of the Ottawa International Airport and Hull across the river.

East of Conroy Road, average net worth drops to between $300,000 to $600,000.

The downtown core – from Parkdale Avenue to Vanier Parkway and north of Hwy. 417 – predominantly features a range of less than $150,000 to $300,000.

The information was gathered using census dissemination areas.

The National Capital Region saw the second-highest jump in household net worth in the country last year, according to Environics’recent report.

Wealthscapes 2012, a financial database measuring the assets, liabilities and wealth of Canadians, says the net worth of the average Ottawa-Gatineau household grew 2.8 per cent between 2010 and 2011, climbing from $344,163 up to $353,765 per household.

The region was beat out only by Winnipeg, which saw growth of 3.1 per cent, and was followed by Manitoba with growth at 2.3 per cent.

Ottawa-Gatineau’s average net worth was less than both the provincial and federal averages (by 13.4 per cent and by 2.6 per cent respectively), but its average household income of $94,141 was much higher – 6.2 per cent higher than the provincial average, and 13.8 per cent than Canada as a whole.

 

Ottawa-Gatineau data:

Number of households: 509,966

Household income: $94,141

Net worth: $353,765

Assets: $477,802

Liquid assets: $191,110

Debt: $124,037

Savings (bank deposits): $79,097

Investments (stocks, bonds

and mutual funds): $112,012

Real estate (primary and other): $286,692

Mortgages: $84,194

Consumer debt: $39,843

Comments

  • Username
    Nick
    - August 13, 2012 at 16:24:49

    Is there a way to get freedom from Ottawa for Kanata. The only reason that we are sucked in Ottawa is to fund the rest of the city. Where are Kanata freedom fighters? Let's unite and leave Ottawa to Ottawans.

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  • Username
    CHRIS
    - August 13, 2012 at 13:49:16

    the map doesn't go east of Blackburn Hamlet ??? Orleans is part of Ottawa .... and would be interesting to compare ...

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  • Username
    George
    - August 13, 2012 at 11:23:43

    This makes no sense. Why? (1) A survey released this morning said 50% of Canadians have $0 in their emergency funds. Further, the average RRSP value is $60,000. That leaves a gap of $540,000, assuming you're in the $600k node. (2) The average value for a home in Ottawa is around $380,000. Assuming it's fully paid off, that still leaves a gap of $160,000 when RRSP's are added. Since $160,000 is an average, and 50% of Canadians have $0 savings, then do the other 50% have $320,000 ($320k + $0k divided by 2 = $160k) (3) The average mortgage debt of Canadians has increased 36% in the last 4 years. The average balance is $143k, so that means that the 50% of Canadians who are saving are actually saving $606,000 ($143k x 2) to create a true net wealth of $600,000 (assets minus liabilities). (4) As noted by other commenters, some of the most expensive real estate in Ottawa (downtown Ottawa, Glebe) are also some of the poorest areas. So this study shows that housing correlates negatively with total wealth (???) This doesn't include the average consumer debt of $25,000. I can say if I had average assets of $600k (or even $150k), I wouldn't have $25,000 in credit card debt. Again, the math on this sure seems funny.

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  • Username
    Margaret
    - August 13, 2012 at 10:35:18

    Looks like Kanata is left out not only by the Ottawa City Hall, but by the jurnalist as well. Nobody forgets Kanata when it comes to taxing their citizens though. Kanata should have remianed an independant city !!!

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  • Username
    Todd
    - August 11, 2012 at 00:31:13

    This map and the article it's based on leave out the majority, and dare I guess most affluent, areas of Kanata. The observation that the wealthy west end is "an enclave that begins west of Hwy. 416, south of the Ottawa River, east of March/Eagleson Road and north of Fallowfield Road.",,,,,well there is basically zero residential in that large area north of the Queensway. You are talking about Bridalwood south to Fallowfield. Not a very useful analysis I am afraid.

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