Lack of Affordable Housing in Ottawa and Growing Population

Ottawa has been seeing lots of demand for affordable housing and more so recently with our push to increase immigration to Canada.

With Canada's population growing by $1 Million in 2022 the prospect for affordable rentals across our country as well as in Ottawa and Ontario isn't looking great.

Where Are All the Multi-Family Properties at?
Roch St-Georges 4 years ago

Ottawa is known for its stable real estate market. This is why many investors choose to buy investment properties and multi-family residential properties in Ottawa. 

The strong job market and population growth have fuelled the demand for rental units. The low supply of rental properties has recently translated into an increase in average rents across the city.

Ottawa's overall vacancy rate in 2019 was 1.8% according to CMHC. The average rent at the end of 2019 was $1,281 which is an increase o...
How Much Does it cost to be Justin Trudeau's neighbour?
Roch St-Georges 6 years ago

With Vancouver and Toronto taxing foreign buyers who buy real estate, Ottawa has become an attractive Canadian city for foreign investors. Rockcliffe Park just east of downtown Ottawa is the home of Prime Minister Justin Trudeau.

The average home sold for 1.5 million last year and rented for about $8,000 to $20,000 according to the TheRealDeal. Prices in the area have also increased by more than 7% with high demand from diplomatic and elected officials.

If you are looking to buy in Canada's...
Percentage of Condominiums Units used for Rental
Roch St-Georges 6 years ago

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. Wit...
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