OTTAWA--(Marketwire - Oct 29, 2012) - Calgary Herald reports that residents of Canada are, according to calculations made by Statistics Canada, in a higher degree of debt than originally presumed. These calculations "place household credit market debt in the second quarter at 163 percent of disposable income, well above the previously reported 152 percent, although the two levels are no longer a direct comparison." Despite this level of debt, residents in Canada, particularly in Ottawa, are continuing to purchase new homes. For many of Ottawa's homebuyers, condominiums have proven the perfect option due to their ability to offer luxury and convenience to unit owners at an affordable price. Qualicum Woods Crossing is a new condominium community that goes above and beyond the expectations of buyers by combining lush condo living with the beauty of nature.

Qualicum Woods Crossing features multiple low-rise buildings. Four stories tall, these structures are arranged around a unique garden that is as large as a football field. This is a major draw for many buyers, as condominiums seldom offer both luxury and the tranquility of a private outdoor space. In addition to the lush greenery, Qualicum Woods Crossing provides residents with a club house, home theater, fitness center, saunas, private club lounge, and game room. Furthermore, the community features a putting green, large dining room for private parties, and tai chi area.

The wide range of amenities that residents enjoy is available to buyers for a surprisingly low price. Marnie Bennett, real estate broker and founder of Bennett Property Shop Realty, is spearheading the sales of the community's units. She explains that condominiums are a particularly wise investment for buyers who carry debt but want to live in luxury.

"Condominiums are more affordable, in many cases, than single-family homes or even townhouses," asserts Bennett. "At Qualicum Woods Crossing, this is particularly true. The fees associated with this community are up to 50 percent less than those at comparable high-rises. Additionally, the units start at $189,000. As such, they are an affordable option for buyers who do not want to sacrifice luxury but may not want to take on more debt than necessary."

Bennett encourages buyers who carry debt to consider the value that Ottawa's condominiums offer. 

ABOUT:

Qualicum Woods Crossing is a condominium community in Ottawa, Canada, that provides residents with a tranquil living space that pairs the luxury of the condo lifestyle with the beauty of nature. By merging traditional and contemporary styles, the condominiums of Qualicum Woods Crossing have created a gorgeous garden and cherished outdoor area, allowing residents to enjoy the benefits of the condominium lifestyle while taking pleasure in a high degree of outdoor space within the heart of an urban village. With its central location, Qualicum Woods Crossing is near a variety of cultural events, entertainment venues, restaurants, retailers, and other fashionable destinations.

To learn more about Qualicum Woods Crossing, visit QWCrossing.com or call (613) 693-0808.