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...
Vacancy Rates Fall, Many Condos are Rentals in Ontario
Roch St-Georges 6 years ago

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...
Landlords Want to Prohibit Tenants from Growing Marijuana
Roch St-Georges 6 years ago

An increase number of landlords want to prohibit their tenants from growing marijuana plants in multi-family, condominiums and other rental units. Under the proposed Cannabis Act which was introduced in the House of Commons only last week people over the age of 18 would be able to grow up to 4 plants at home provided they are not taller than 100 centimetres.

The Canadian Federation of Apartments Associations believes people should only be able to grow marijuana in single-family homes that they...
Lower Your Expenses on Your Multi Family Property
Roch St-Georges 6 years ago

As landlords or property managers we always look to increase profitability of our Ottawa income properties. We tend to put a strong emphasis on increasing rents of our rental units while paying little attention to our expenses.

During the month of April Save On Energy has many printable coupons available directly from their website which will give you incredible savings on LED light bulbs. If you are a landlord that has been putting off switching over to LED lighting this could be the month to...
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