Ottawa’s wealthiest neighbourhoods gets revealed

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.

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

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