One of Ottawa’s most popular and historic neighbourhoods, the Glebe is known for its variety of shopping and dining areas, as well as its entertainment in the area for Ottawans to enjoy.
We have broken down all aspects of the Glebe for you, from its history and current popularity all the way to the real estate aspect and what to expect when searching for your new home.
The naming of the neighbourhood "Glebe" originally came from the initial survey of land for Ottawa, which was 178 acres given to St. Andrew’s Presbyterian Church as a clergy reserve. The meaning of the word "Glebe" is church lands, for which it was first originally known as “the glebe lands of St. Andrews Presbyterian Church”. Since the area opened for development in 1870, real estate agents started to refer to it as simply “The Glebe”. The Glebe would then become one of Ottawa’s first suburbs.
Shopping and Dining
The Glebe is home to a variety of different cuisines for people of all ages to enjoy, whether they are interested in some of the best bakeries in town or fresh produce. Check out either La Brioche Pastry & Bakery or Wild Oat Bakery, Café & Farm. From fine dining to pub fare food or cuisines you have never tried before the Glebe has it all. It also is home to a wide selection of locally owned businesses and shops for residents to visit, as well as Ottawa’s Farmers Market. The only year-round, producer-only farmers’ market in Ottawa.
You will never run out of entertainment when in the Glebe. TD Place is in the south end of the Glebe offering plenty of opportunities to catch professional sporting events where the Ottawa Redblacks, Athletico Ottawa, and the Ottawa Aces all play. Right across the street from it is TD Place Arena, home to Ottawa 67’s an OHL hockey team and the newly founded Ottawa Blackjacks of the Canadian Elite Basketball League. Not into sports? No problem! TD Place offer a variety of events throughout the year.
Current Real Estate Market
Looking for homes for sale in the Glebe, Ottawa? Looking at the five-year historical averages for house pricing in the Glebe since 2015, the average price of a home was $703,442 compared to last year in 2020 where it was $997,407. In just five years the current market pricing for an average home has gone up approximately 42%. The current market in Ottawa is a sellers’ market with the average sale price on the rise, which makes conditions more complicated for buyers.
What to Expect
With it being a sellers’ market in Ottawa and the average sale price going up, it's great time for people looking to sell their home. But the complication buyers are having in Ottawa is that supply just cannot keep up with demand. The benefits for buyers in this market is that they will at least benefit from the low mortgage rates but will face a competitive market. For more information on real estate in the Glebe, contact a Right at Home Realty Ottawa agent using the link below.