Ottawa's Vertical Communities: A Tale of Rentals and Condos
Ottawa, the heart of Canada's political landscape, is also home to a diverse array of residential buildings, each with its own unique flavor. Among these, the tall structures that pierce the skyline hold a special place. They are the high-rise apartment buildings and condos that offer a blend of living spaces. But what sets these two apart?
Let's start with rental apartment buildings. These are typically owned by a single entity, be it...
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...
