Where are the Ottawa Rentals at?

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 31st 2018 there were only 2,765 rentals that transacted on the MLS. This is a 9% decrease year over year. 

The average rental price has gone from $1,775 to $1,939 which is a 9.2% increase year over year!

Landlords are smiling but tenants are finding it harder and harder to secure affordable places to live for their family and loved ones.

If you are in the market to buy an investment property please contact Roch St-Georges at 613-889-7732. We can help with the purchase as well as the tenant placement and the ongoing management of your property.