WHY SHOULD FIRST-TIME HOMEBUYERS CONSIDER BUYING A HOME IN CORNWALL?
Cornwall can be an excellent location for first-time homebuyers who work in Ottawa. One of the biggest advantages you’ll find is significantly lower prices for homes in Cornwall , which means that you can get more for your money compared to looking in Ottawa. According to the Canadian Real Estate Association (CREA) in February 2021, the average price of a house in Ottawa was $599,005 while home prices in Cornwall were approx $400,000 on average. WHAT IS THE REAL ESTATE MARKET LIKE IN CORNWALL? The real estate market in Cornwall is a bit more relaxed compared to Ottawa, with fewer bidding wars in the past year or so. This can be an advantage for first-time homebuyers who may find themselves going up against more eager buyers in a more competitive market. However, it can also mean that there are fewer options available, so it’s essential to work with a real estate agent who knows the Cornwall area well. WHAT ARE SOME POTENTIAL CHALLENGES OF MOVING TO CORNWALL? Some residents of