Rental rates in Ottawa have seen a significant increase in 2018. The vacancy rate for Ottawa according to CMHC's Rental Market Report released for 2018 had Ottawa at a 1.6% vacancy rate. The average rent for Ottawa was $1,174 up 5.6% over the previous year.

Vacancy rates across the City have been similar across different types of rental types. The lowest vacancy rate being for bachelors units which has a 1.3% vacancy rate while two bedrooms have a vacancy rate of 1.8%.

Rental demand continues...

Housing starts in Ontario have increased to 205,925 units according to the latest report published by CMHC (Canadian Mortgage and Housing Corporation).

Economist had expected 200,000 units start in October but we saw an additional 5,925 units. The largest increase in housing starts was in the urban core which climbed 8.6% in October 2018 compared to the same period last year.

Single family urban starts have fallen as land increases in price builders are choosing to built condominiums, apartmen...

The Canadian Mortgage and Housing Corporation say that the demand for rentals outpaced supply. Across the country, the number has gone up to 23,000 in the last 12 month which is a 1.2% increase.

The demand was fuelled by migration to Canada, improving employment for young adults allowing them to move out of the family home as well as an aging population looking for low maintenance living.

Many condo units are being used as rental units. Between 22-38% of all condos in the province of Ontario...

Looking to rent a property but not quite sure where to move to? Here's how much a rental apartment or row unit would cost you per month depending on where you want to live in Ottawa. These figures are the latest figures from CMHC prepare in October of 2016.

The most expensive bachelor rental unit can be found in Nepean while the least expensive one can be found in Vanier. If you are looking for a 2 bedroom unit and want to spend the least amount of money you may want to check out the Eastern ar...

After many slow years for condominium starts in Ottawa and across the country new data from the Canadian Mortgage and Housing Corporation (CMHC) shows a increase in purpose built apartment buildings as well as condominiums starts.

Housing starts on the other hand soared 18% to 253,720 from 214,253 in February. Multi-unit starts are up by 30% in March of 2017.