site image

    • Ottawa rental market 2021. As a result, apartment rentals increased by 7.

  • Ottawa rental market 2021 Greater Ottawa-Gatineau Area population, year-end 2022: 1,606,327 - up 2. A Ottawa (CV) — Rental Market Statistics Summary . 3% in Q4 2021. demand surging in many markets May 14, 2025 · The average home sale price in Ottawa’s housing market increased by 0. 64 per-square-foot and has risen to $2. Jul 20, 2023 · A Snapshot of the Ottawa Rental Market. 5 per cent, while houses and townhomes dropped 8. 8 per cent. Bay Area market reports. ca and Bullpen Research and Consulting, the average rent in the country increased by 11. 6 months of demand). 1% year-over-year. As of 2021, Ottawa boasts a population of over 1 million people, with a significant portion of them being renters. 9 % Vacancy Rate . (Rents were frozen for existing tenants. Save. 5). 7% of residents live in single detached homes. In addition, Ottawa is capitalizing on the burgeoning technology, telecommunications, and software companies that are springing up in Kanata, and has a lower Mar 2, 2023 · According to Urbanation's latest Q3-2022 Ottawa Rental market Report, rents in Ottawa increased in Q3-2022 to reach a record high. 1%, with an average rent of $1,698 for a two-bedroom unit. Canada Overview. “I wanted to understand why we got to where we are because a lot of the policies I see our various levels of government doing look like they were largely Band-Aids to current Feb 24, 2025 · The Ottawa housing market hit its highest point in 2021, with 10,426 homes sold, reflecting strong demand and favourable mortgage rates. • According to Urbanation’s Q2-2022 Ottawa Rental Market Report (which surveys 48 new purpose-built rental apartment projects completed in Ottawa since 2016), vacancy within stabilized rental Feb 6, 2025 · Rental declines, according to the report, are being spurred on by the secondary market with asking rents for condo apartments falling 6. 1,046,440 . May 2, 2024 · In 2021, the average rent in Ottawa saw an increase, indicating a rebound from the initial effects of the pandemic. In fact, on a national basis, rates fell annually for the first time in over three years, according to a new report from Rentals. 📍 Downtown Ottawa – In the heart of Ottawa perfect, for professionals, in government and tech industries. Understanding the Ottawa Rental Market Landscape. partial recovery in net migration, bolstered by high vaccination rates and easing pandemic restrictions into Fall 2021, supported RENTAL MARKET REPORT — JANUARY 2023 . Mar 15, 2024 · These numbers have been decreasing to the lows of 2021 (732 active listings, and 0. Between 2016-2018, the Ottawa rental market grew in supply by approximately 1%, yet the population requiring rental accommodations was three times this figure. In fact, about 33% of households in Ottawa are rentals. 34. 83 psf, or $2,288 for 809 sf. Multifamily residential is expected to remain stable. Ottawa saw positive net absorption of 20,561 square feet. Urbanation's Ottawa Rental Market Results for Q2-2024 were released, with the following highlights: - There were 924 new purpose-built rentals that reached completion in Ottawa during Q2, a three Jan 28, 2021 · At the national level, 14. 0% from 2021. increase from 2016 . Ottawa Real Estate Board reports MLS® home sales down year over year in April The number of homes sold through the MLS® System of the Ottawa Real Estate Board totaled 1,306 units in April 2025. The average transacted condo rent reached a record high $2. 7% in 2019 (table 1. Close. 3 per cent from a year earlier, CMHC said in its annual rental market report. Rental Market. This tool does not validate postal codes OM In Ottawa, the CMHC said over the past 12 months, the same-sample average rent for a two-bedroom apartment rose by 4. less than 30%. Houses for rent in Ottawa, ON are more expensive, with an average monthly cost of $2,699. 2% from 2021. 98 per-square-foot in December 2021, which is a market-high level. These conditions are expected to persist in 2021. Average monthly condo rents were up 5. Market Summary for Vanier, Ottawa, ON $1,295 Median Rent 0. 1. Feb 1, 2023 · The vacancy rate in Ottawa's rental market dropped from 3. UP by 3%. 4 per cent in 2021 to 2. 4% to $1,988). 8 per cent since reaching it's recent low of $1,676 per month in April 2021. 3 per cent),” the CMH said. md at main · Rozapz/Ottawa-Rental-Market- MARKET INSIGHTS PURPOSE BUILT RENTAL MARKET Vacancy Rate 3. 67 % (1/150) up to $500 . 68 psf) in Q3-2022, increasing 3. This decrease from 2019’s turnover rate of 17. This was a decline of 11. , Ontario, Alberta, and Quebec, plus predictions for 2025 and direct opinions from both landlords and renters on the state of the current rental market in Canada. Changes in the workforce, with more people working remotely, have also altered rental preferences, emphasizing the need for spaces that cater to home offices. 9% rental rate increase from the previous year. Nov 13, 2023 · 🏠 Discover the best of Ottawa’s rental market in our latest video guide! As seasoned property management experts, we bring you the essential tips and insights for renting in Ottawa. 3% . Three-bedroom apartment rents posted annual growth in Vancouver (+2. 0% overall, down from 4. rent Rental Market Trend Report. As of January 2024, in the purpose-built rental market, the vacancy rate stood at 2. Nov 27, 2023 · Key Takeaways about Improving Occupancy Rates in Ottawa Properties Property managers focus on tenant satisfaction and implementing thorough screening procedures for maximizing property appeal to encourage long-term residency, significantly impacting revenue and profitability in Ottawa’s rental market. You must be logged in to save or subscribe. Aug 10, 2022 · After many years of providing site-specific consulting services to property developers in Ottawa, Urbanation launched its inaugural Ottawa Rental Market Report in Q4-2021. • 10% Affordable model assumes that rents for only 10% of units is based on CMHC January 2021 Rental Market Reports and the remaining 90% of units are based on current market rental rates. Rental affordability is also set to fall from increasing rental demand and low stocks of rental housing. 1 per cent annually and rose 16. I have access to this information through *Last data point March 2024 Source: CMHC Windsor 1,250 to 1,600 London 2,500 to 3,200 Hamilton 3,200 to 3,800 Toronto 32,000 to 39,000 KCW 3,200 to 4,400 CBRE Research prepares Canadian market reports on office, industrial, retail, investment and multi-housing sectors and other specialty reports. 5% to $4,384), Montreal (+1. 6%. Jan 28, 2025 · According to Urbanation's latest Q4-2022 Ottawa Rental market Report, rents in new purpoe-built projects in Ottawa increased 8. Getting Familiar with Ottawas Rental Market. households in 2021 of households rent* Average Market Rent (AMR) For households with RENTAL MARKET REPORT – DATE RELEASED – JANUARY 2021 Pace of rent increase slows with increased competition, pandemic response measures Same-sample average rents for apartment units in the Vancouver CMA primary rental market increased 2. Two-Bedroom Rents Fall 9% Annually in Toronto and Calgary. Some high rent central Jan 26, 2023 · HIGHLIGHTS FROM THE OTTAWA RENTAL MARKET REPORT RELEASED TODAY BY CMHC: #HousingMarket #OttawaGatineauCMA #OntarioRealEstate #RentalMarket #Migration City of Ottawa population, year-end 2022 (City estimate): 1,067,310 - up 2. Data contained in these tables include: After many years of providing site-specific consulting services to property developers in Ottawa, Urbanation launched its inaugural Ottawa Rental Market Report in Q4-2021. ca and Urbanation. Check out our Q1 2025 Cap Rate Report to learn more. However, rental inflation is slowing and varies by market. com, believes predicting what will happen in the rental market in 2021 with COVID-19 resurging is “ anybody’s guess. - Purpose-built rental completions reached a recent high of Ottawa’s Rental Housing Market . Industry leading research empowers you with actionable insights and the latest trends in the condominium, rental and property investment markets. 3%. Net migration to Ottawa-Gatineau increased 160. Let’s kick things off by painting a picture of the current state of the Ottawa rental market. Rental demand tends to fluctuate with seasons, with summer usually seeing higher turnover. 1 Population Growth . UP by 5. Background . 3% year-over-year and by 3. 7% annually, averaging 5- and 10-year annual growth of 3. Average Two-Bedroom Rent $ 1,771 “Improving economic conditions and . According to the latest figures from rentals. 3% Average Two-Bedroom Rent $1,818 1 Ontario portion of the Ottawa-Gatineau census metropolitan area (CMA). Feb 16, 2022 · The price has bounced off a low of $2. 2 per cent decrease month-over-month and 2. Purpose-built rental completions reached a recent high of 3,692 units in 2024, increasing 6% from the 3,494 units completed in 2023. Date Published: January 15, 2025. The City of Ottawa, in collaboration with 53 partner agencies, conducted a Point-in-Time (PiT) Count during a 24-hour period, from noon on Wednesday, October 27 until noon on Thursday, October 28, 2021. RENTAL MARKET REPORT – DATE RELEASED – JANUARY 2021 Pace of rent increase slows with increased competition, pandemic response measures Same-sample average rents for apartment units in the Vancouver CMA primary rental market increased 2. ca and Urbanation, released Thursday. Facts about Housing in Ottawa Ottawa offers a range of housing options. As such, the condo rental vacancy rate held steady. Jan 31, 2025 · According to Urbanation's latest Q3-2022 Ottawa Rental market Report, rents in Ottawa increased in Q3-2022 to reach a record high. Long-Term Slowdown While typical seasonal fluctuations usually bring periods of cooling in the real estate market, Ottawa has seen consistently tepid demand throughout 2024 Find the results from CMHC’s 2024 Rental Market Survey (presented in Microsoft Excel tables). . 1% month-over-month at $707,180 in April 2025. 1% year-over-year in 2022, according to data from Rentals. • The 100% affordable model assumes that rents for all units are based on average market rent from CMHC Rental Market Reports released January 2021. 1% overall with the turnover of units to new tenants. Feb 18, 2022 · The average rent for a two-bedroom apartment in Ottawa rose to $1,550 in 2021, up 1. Providing important context to a year characterized by Jun 16, 2023 · In March 2021, real estate investor Szpilfogel took a deep dive into the history of Ottawa’s rental market and created a series of six articles exploring the topic. Rishi Sondhi, Economist | 416-983-8806. 5. This implies that the majority of tenants can expect an uptick, in their lease extensions. 9% to $2,200) and Edmonton (+0. Urbanation released its Q3-2023 Ottawa Rental Market Report. Feb 18, 2022 · Our data shows that lower-income households face significant challenges finding units that they can afford. City of Ottawa construction & infrastructure projects here. C. 8 % CONDOMINIUM APARTMENT MARKET. RENTAL MARKET REPORT — JANUARY 2023 . Rents increased 2. “The increase wasn't as strong in 2021 (1. To set effective rent prices, property managers must analyze Ottawa’s rental market landscape in detail. 06 psf ($2,458 for 803 sf), increasing 8. 1% annually to a record high. High performing, in demand office properties in prime locations continue to lead the pack. 1% compared to April 2024 and increasing by 0. 9 per cent Feb 14, 2025 · About the liv. Data tables from the Rental Market Survey and the Condominium Apartment Canada's average rent prices have increased over the last three years according to a recent report. Affordability. Average Two-Bedroom Rent $ 1,258. 3% over the same period. The average one bedroom apartment in Ottawa is listed for $2,012, a 0. Key Highlights of the latest Q2-2022 Report include: • Urbanation tracked 48 new purpose-built rental apartment projects completed across Ottawa since 2016, totaling 7,556 Nov 27, 2023 · The Ottawa rental market showed a 1. This report gives a retrospective analysis of key rental market data for B. These data tables complement the analysis found in the Rental Market Report . 8% CONDOMINIUM APARTMENT MARKET Average Two-Bedroom Rent $1,550 UP by 1. 3 % 447,210 . Below are some highlights of the latest Q3-2022 results: • Condominium rents reached a record high $2,231 ($2. Below are the stats for both freehold, condominium and rental properties over the past several days in Ottawa. 6% increase in the average asking price of a rental unit in 2021, monthly payments surged 12. As of 2021, personalized customer experiences have led to a 50% increase in brand loyalty, according to a study by Epsilon. 3. Provide one or more visualizations explaining how rental costs have changed in the Ottawa-Gatineau area over the last 10 years. High-rise developments under way here. 2% year-over-year) due to rising interest rates, inflation concerns, and economic uncertainty. Feb 23, 2021 · Rich Danby, founder of Rich Ottawa Investments and OttawaHousePainters. Nov 8, 2024 · Following a sluggish September, October was another remarkably slow month for the Canadian rental market. Adapted from Statistics Canada Postal Code OM Conversion File (June 2013) which is based on data licensed from Canada Post Corporation. 3% is the largest variation since this data was first compiled in 2016. That’s a pretty hefty chunk! 📊 Nov 1, 2024 · The Ottawa rental market remained strong and steady in the third quarter across the 109 rental buildings totaling 17,487 units built since 2000 and tracked quarterly by Urbanation. Whether you’re new to the city or a long-term resident, our comprehensive guide covers everything from average rental prices to avoiding scams. 0% of rental dwellings welcomed a new household between the last two rental market surveys. 8% and house rentals by 11. 4% Vacancy Rate 0. 0% quarter-over-quarter and 6. In Ottawa, the average rent per-square-foot has generally remained constant, with no clear trends moving in either direction. 9 % A rental unit is generally considered to be affordable if the household spends . Latest update - Jan 13, 2021 at 9:15a m. ) Meanwhile, small annual increases in apartment rents were seen in Ottawa (+1. EXECUTIVE SUMMARY – 2021 OTTAWA POINT IN TIME COUNT . ” But the real estate investor, coach and speaker is confident in the stability of the Ottawa rental market. OK. Worthwhile local real estate news here. Key Highlights of the latest Q2-2022 Report include: • Urbanation tracked 48 new purpose-built rental apartment projects completed across Ottawa since 2016, totaling 7,556 Jan 28, 2025 · In the condo rental market, lease activity remained near a record high while completions fell to a 22-year low, resulting in tightened market conditions. 7%, while the overall availability rate increased by 87 bps to 12. of its gross annual income on rent. 9% to $2,806), and Edmonton (+2. 5 per cent decrease year-over-year. “It had likely been slowed by the rent freeze in Ontario and the high vacancy rate that year. Mar 18, 2025 · Interest in Ottawa’s retail leasing market has softened but remains robust due to low construction starts, rising real retail sales per capita, and a strong public administration sector. Category: Jan 11, 2025 · The City of Ottawa is ranked 13th for cost of rent nationwide. Jan 31, 2025 · Urbanation released its Q4-2024 Rental Market Results for Ottawa: The Ottawa rental market experienced some easing in Q4 but largely remained stable as new supply continued to grow. The Ottawa housing market currently favours sellers, thanks to low housing inventory and high demand. Prices followed a steady upward trend until 2018, and since then, there has been a noticeable shift in growth patterns, reflecting the dynamic nature of the market. 8. 6 % CONDOMINIUM APARTMENT MARKET. But the slight rent relief is not enough to help those in most need of housing. Regarding office, the market is far from uniform, presenting a diverse and complex landscape. Average Two-Bedroom Rent $ 1,167. Major Cities In 2022, the Ottawa-Gatineau Census Jan 31, 2025 · Rising Costs of Rent. New purpose-built completions totaling 1,218 units were surpassed by net absorptions totaling 1,235 units as demand continued to outpace supply. Some high rent central Nov 7, 2024 · Total sales remain 3. 1 per cent in 2022, according to the latest rental market survey from the Canada Mortgage and Housing 3 days ago · The monthly rent for an apartment in Ottawa, ON is $2,079. 2% from April 2024. demand surging in many markets Jan 15, 2025 · Canadian Rental Market Outlook Rent Growth to Continue Cooling in 2025. Urbanation's Q4-2024 Ottawa Rental Market Report revealed a market that is gradually easing as new rental completions continue to rise. The Ottawa rental market continued to show remarkable strength during Q3, with record high absorptions, low supply and surging rents. As a result, apartment rentals increased by 7. Export. Vacancy Rate . Comparing rental market of Ottawa to the rest of the market - Ottawa-Rental-Market-/README. The PiT Count provides the City with a snapshot of its homeless population May 16, 2022 · A significant number of condo apartments entered the GTA’s long-term rental market in 2021 — nearly seven times the number of purpose-built apartments added — likely drawing demand away from the purpose-built apartment market and contributing to higher vacancy rates. “It is a rare occurrence fo Jan 26, 2025 · After a 4. 3% year-over-year. 3% from the year before. Nov 26, 2024 · Ottawa housing market to favour sellers in 2021, average price expected to rise 7%. AI offers advanced property management software that helps landlords streamline May 22, 2024 · To truly stand out in Ottawa’s competitive rental market, offer personalized experiences like ‘first-look’ events for new Ottawa rentals or custom move-in packages curated by companies like Moving Wiz. Low inventory has been a common trend across many Ontario housing markets, putting upward pressure on prices. Save to My Data Library Close. PURPOSE BUILT RENTAL MARKET. However, sales plummeted in 2022 to 7,801 transactions (-25. Some of the areas, in Ottawa . Overall rents in the capital increased 2. In 2021 the rent increase limit, in Ontario is determined to be 2%. partial recovery in net migration, bolstered by high vaccination rates and easing pandemic restrictions into Fall 2021, supported Ottawa Real Estate Board December market report here. 6 months of demand) and 2022 (792 active listings, and 0. As per the 2021 census data 31% of occupied dwellings in Ottawa are apartments while approximately 41. Below are some highlights of the latest Q3-2022 results: • The average surveyed rent for new purpose-built units was $3. Leasey. Share. 2 per cent between October 2020 and October 2021, below the average for the past decade. A 1-bedroom apartment in Ottawa, ON costs about $1,975 on average, while a 2-bedroom apartment is $2,450. The overall vacancy rate increased by 42 basis points (bps) to 9. Average Two-Bedroom Rent $ 1,930 “National rental market conditions tightened in 2022 due to rental . ; The composite benchmark price of a home in Ottawa was $631,200, increasing by 1. 8% from last month. 3% to $1,519). Feb 27, 2021 · These vacant homes are a potential source of housing supply. 1 % Vacancy Rate . Then in 2023, asking rents increased by an average of 8. 1. 9% below Ottawa’s five-year average, with persistent demand and supply imbalances, fluctuating prices, and evolving conditions in the rental market. Population in 2021 . Nov 12, 2023 · How they can assist you in finding your perfect rental in Ottawa. Condo lease transactions increased 12% annually to a record high 343 units, while the average time on market fell to a four-year low of 20 days. 9%. jag hujphj jtasiz yly odsz gkot oubw bbf qgnw uubgwoxn