Best Deals in Real Estate: Gatineau - MoneySense

Best Deals in Real Estate: Gatineau

Gatineau’s population is on the rise, but its housing prices are still low.

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If you thought that only Ottawa profited from being home to thousands of secure government jobs, then you haven’t been to Gatineau. The federal government’s long-standing policy of distributing public service positions on both sides of the Ottawa River has led to the construction of several massive office towers to house federal civil servants in downtown Gatineau. As a result, Gatineau’s population has grown steadily over the last few years and unemployment remains very low—only 5.9%. Thanks to those government incomes, it takes most residents just 2.6 years’ worth of household income to buy a home, and the average price is a very affordable $199,400. Prices climbed a respectable 2.5% last year, and Gatineau has the makings of a dependable growing market for years to come.