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...

Ottawa has seen a very busy real estate market this summer. Houses and condos have been selling a rapid paste and we've seen good price growth in most areas of the City. 

Another market that is very heated is Ottawa's rental market! It's a challenge for many to find a rental in our City. From August 1st 2016 to July 31st 2017 there was a total of 3,056 properties that rented through the Ottawa Real Estate Board's MLS. 

When we compare this time period with the one of August 1st 2017 to July 31...

Planning a real estate investment? Looking to buy a condominium in Ottawa to rent out to tenants?

Knowing market rents for your neighbourhood, building and property type is very important. You will also want to consider the vacancy rate for the type of property and area you are looking at.

In 2016 the vacancy rate for Ottawa was 4.7% in condo buildings with 3 to 19 units. The vacancy rates drop significantly as we move to larger condo buildings. You can expect a vacancy rate of 1.8% for units...