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.

Regional Group, an Ottawa based developer has bought the properties located along Montreal Road in Ottawa's Vanier neighbourhood located just East of Downtown Ottawa.

Regional Group is banking on the revitalization of the neighbourhood of Vanier in the coming years which in their opinion will make Vanier an attractive area to live and work.

In November we have seen some movement on the demolition of the two current buildings found at 234 and 240 Montreal Rd. Regional Group now owns many buildi...

Ottawa's summer is coming to an end and this means students from Ottawa's Universities and Colleges are back in Ottawa looking for apartments for the school year to come.

Those who were able to secure apartments before the summer started are feeling a sigh of relief as they will not have to compete with those looking for spaces for September 1st. The latest CMHC data from October 2017 shows Ottawa's vacancy rate at 1.7%. Average rent for the City at that time was $1,136.

According to PadMapp...

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 31...

With the opening of the Ottawa LRT Confederation Line opening later this year the topic surrounding Ottawa LRT stations and what it all means for the Ottawa Real Estate Market is often talked about.

Although living close to a light rail train station in our beautiful City can bring more noise from commuters using the LRT station it is viewed as a benefit by most. Often the convenience of public transit will outweigh the negative points.

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Homes and Condos on the Confederation Line

Tu...

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...