Percentage of Condominiums Units used for Rental
What portion of Ottawa condominiums are owned by investors and rented to tenants? The average varies depending on the size of the condo building where the units are located. CMHC provides us with an average for the City based on condominium building sizes. You can view the historical date below. Please note these are approximate figures and these would vary depending on the neighbourhood or area.
In Ottawa an average of 28.7% of condominiums are owned by investors and rented out to tenants. With an attractive vacancy rate and average rental rates buying a condominium as an investment can be attractive to many investors.
If you in the market to purchase a rental property in a condominium building and would like the guidance of a trustworthy and knowledgeable real estate broker, call Roch St-Georges at 613-889-7732.