Hey there, folks! Let's take a friendly stroll through the Ottawa rental market as we dive into the data from the Ottawa Real Estate Board for the last quarter of 2023. We've got some interesting tidbits to share about inventory levels, average rental prices, and more!

Inventory Levels: First off, let's talk about the supply and demand balance in the rental market. In Q4 2023, things looked pretty steady, with just a slight uptick in available rental units towards the end of the year. Here's ho...

Rental rates in Ottawa have seen a significant increase in 2018. The vacancy rate for Ottawa according to CMHC's Rental Market Report released for 2018 had Ottawa at a 1.6% vacancy rate. The average rent for Ottawa was $1,174 up 5.6% over the previous year.

Vacancy rates across the City have been similar across different types of rental types. The lowest vacancy rate being for bachelors units which has a 1.3% vacancy rate while two bedrooms have a vacancy rate of 1.8%.

Rental demand continues...