Ottawa rental market 2021. Here are the results of ...
- Ottawa rental market 2021. Here are the results of our Q1-2022 release: - The Ottawa condominium rental apartment market returned to a record high for transaction volume in Q1 Ottawa (CV) — Rental Market Statistics Summary Save Share Export Export to Spreadsheet (CSV) Export to PDF October 2025 Row / Apartment Bedroom Type - Total Table Chart Map The Ottawa rental market in the last quarter of 2023 experienced several notable trends, as reflected in the data from the Ottawa Real Estate Board. Ottawa and Edmonton were 2 CMAs that bucked the trend, with overall average rent growth slightly accelerating. Nearly 5,900 new apartments were added to Ottawa’s purpose-built rental supply between October 2023 and October 2024, CMHC said. We spoke with Charlene Weber to discuss everything today’s renters in Ottawa need to know about the rental market, including how to handle a low credit score, impress landlords, and the perfect timeline for finding homes and condos that have just hit the market. CBRE Research prepares Canadian market reports on office, industrial, retail, investment and multi-housing sectors and other specialty reports. “Strong demographic and economic fundamental conditions supported rental demand,” the CMHC report said. Whether you're a renter searching for your next home or a landlord looking to maximize your investment, understanding the current landscape is key to making informed decisions. A new report from the Canada Mortgage and Housing Corporation (CMHC) shows Ottawa's vacancy rate was 2. Rental Market As of January 2024, in the purpose-built rental market, the vacancy rate stood at 2. Condo lease transactions reached a Q1 high, increasing 16% annually to 273 units. […] In late 2017, local realtor Steve Peippo started noticing something exceptional was going on in Ottawa’s residential rental market. The Ottawa rental market continued to show remarkable strength during Q3, with record high absorptions, low supply and surging rents. Ottawa’s rental market, shaped by its dynamic urban landscape and diverse communities, offers a spectrum of housing options for residents. Home Single Blog Navigating the Ottawa Rental Market: Trends and Forecasts for Landlords Discover expert tips, market trends, and property insights to guide your real estate journey. 1% annually to a record high. Insights into the rental market in major Canadian cities, including trends, rent and vacancy rates, supply and demand and the various factors at play. Housing Market Information Portal * This portal offers free, easy-to-use access to the latest housing market data for Canada. Overall rents in the capital increased 2. The average rent for a two-bedroom apartment in Ottawa in 2021 was $1,550, an increase of 2. However, in 2024, stronger rental demand allowed both areas to catch up, with relatively modest adjustments for existing tenants and more significant increases for new tenants. Urbanation's Q4-2024 Ottawa Rental Market Report revealed a market that is gradually easing as new rental completions continue to rise. These numbers have been decreasing to the lows of 2021 (732 active listings, and 0. According to Urbanation's latest Q4-2022 Ottawa Rental market Report, rents in new purpoe-built projects in Ottawa increased 8. These reports use data from the fall Rental Market Survey results released annually. Enter an address to view STR and LTR rents. Generate financial reports and see your maximum tax deduction. Overall, we discovered: Rental demand across Canada is recovering. Ottawa rental prices jump 18 per cent in 2022, report shows The report also showed the average price of one- and two-bedroom apartments in Ottawa decreasing over the last month. The total stock built since 2000 tracked by Urbanation reached 15,850 units. “In addition, local Home Single Blog Understanding Ottawa’s Rental Market Trends Discover expert tips, market trends, and property insights to guide your real estate journey. Demand for MLS® listed homes in Ottawa eases in September; new and active listings continue climbing The number of homes sold through the MLS® System of the Ottawa Real Estate Board totaled 1,089 units in September 2025. 2 per cent between October 2020 and October 2021, below the average for the past decade. This analysis will provide insights on the primary and secondary rental markets, a review of rents and vacancy rates relative to socio-economic and demographic trends and highlight various rental May 2, 2024 · In 2021, the average rent in Ottawa saw an increase, indicating a rebound from the initial effects of the pandemic. Ottawa — Rental Market Statistics Summary by Zone Save Share Export Export to Spreadsheet (CSV) Export to PDF Table Chart Map After many years of providing site-specific consulting services to property developers in Ottawa, Urbanation launched its inaugural Ottawa Rental Market Report in Q4-2021. Whether you're looking to invest in properties or find the perfect r… In this guide, we’ll explore the key trends shaping Ottawa’s rental market in 2025 and provide insights from professional property management companies in Ottawa ON, like Ottawa Prime Properties. 1 per cent in 2022 which is down from 3. 2 months of supply. Feb 18, 2022 · The average rent for a two-bedroom apartment in Ottawa rose to $1,550 in 2021, up 1. This was generally supported by improvements in economic conditions and a partial recovery in net migration. 98 psf, or $2,400 for 806 sf. Urbanation now tracks the Ottawa Rental Market. 06 psf ($2,458 for 803 sf), increasing 8. Purpose-built rental completions reached a recent high of 3,692 units in 2024, increasing 6% from the 3,494 units completed in 2023. 9 per cent in October 2020 — a 16-year high, and more than double what is . Read nesto's latest report on the Ottawa Housing Market. Get the real estate insights to guide your house hunting in Ottawa. 4% from last month. - Purpose-built rental completions reached a recent high of According to Urbanation's latest Q3-2022 Ottawa Rental market Report, rents in Ottawa increased in Q3-2022 to reach a record high. Feb 18, 2022 · Our latest Rental Market Report is now available. In the Ottawa area, the average monthly rent for a two-bedroom apartment was $1,550. With a higher vacancy rate over the last two years, the pressure appears to have decreased slightly this year. 3% year-over-year and by 2. A new report by the Canada Mortgage and Housing Corporation (CMHC) found the vacancy rate for the purpose-built rental market in the city held steady at 2. It was bolstered by high vaccination rates and easing pandemic restrictions into Fall 2021. Current Trends Shaping the Ottawa Housing Market The scarcity of vacant units from 2017 to 2019 encouraged owners to increase rents when a unit was vacated. 68 psf) in Q3-2022, increasing 3. Below are some highlights of the latest Q3-2022 results: • Condominium rents reached a record high $2,231 ($2. 7% month-over-month to $641,436 in January 2026. Stay up-to-date with industry changes. 8% annually. 3 % year-over-year to $ 794k. Understanding Ottawa's Rental Market Landscape Ottawa, the capital city of Canada, offers a dynamic rental market that caters to a diverse range of individuals, from high-net-worth investors to young professionals. Prospective tenants competing for rental properties were With demand dampened by the COVID-19 pandemic and a growth in supply, Ottawa’s rental apartment vacancy rate rose to 3. This report is released annually and uses data from CMHC’s Rental Market Survey and Condominium Apartment Survey"--Page [2]. DATE RELEASED: JANUARY 2021 The Rental Market Reports provide in-depth analysis for major centres across Canada. Explore the Ottawa housing market, get insight into the past year of activity, and find out what trends are on the horizon. Asking rents for all property types in Canada fell to a 31-month low of $2,057 in January, declining on an annual basis for the 16th consecutive month. Get insights on pricing, demand, and future developments to guide your real estate decisions. However, since this Insights into the rental market in major Canadian cities, including trends, rent and vacancy rates, supply and demand and the various factors at play. That reflects a steady growth of more two-bedroom apartments than one-bedroom apartments in the new rental supply. 6 months of demand). The Canada Mortgage and Housing Corporation (CMHC) released its 2024 Rental Market Report, revealing that a notable increase in rental supply growth has raised Canada’s vacancy rate. Below are some highlights of the latest Q3-2022 results: • The average surveyed rent for new purpose-built units was $3. This article provides an in-depth analysis of Urbanation’s subscriptions provide in-depth market reporting for condominiums, purpose-built rentals and land sales across the Greater Golden Horseshoe, Ottawa, and Montreal regions. As the city continues to grow and evolve, understanding the trends in housing preferences, technology integration, and affordability challenges becomes essential for both landlords and tenants. Get the latest data on household characteristics, indicators, housing and rental markets, mortgage and debt. The average surveyed available rent in purpose-built rental projects completed since 2003 was $2. While rent growth slowed in most of Canada’s larger markets, Ottawa diverged from this trend, with overall average rent growth slightly accelerating, wrote CMHC in a news release. Now in October 2024, there are 33,815 one-bedroom apartments and 35,136 two-bedroom apartments. 3% year-over-year. Two-bedroom apartments are often shared, and new two-bedroom Explore Ottawa's housing market trends and outlook for 2025. 9%). The Ottawa Rental Market Overview (August 1, 2023 - September 25, 2023) The rental market in Ottawa has experienced significant shifts in recent years — shaped by evolving lifestyles, economic changes, and growing demand for flexible living arrangements. 2% from 2020 and above the 2021 provincial rent increase guideline of 0% to support renters during the pandemic. Active condo rental listings declined 28% annually and were equal to 1. Despite the large infusion of new rental supply since 2021, vacancy rates continued to trend down to an average of 1. Data-driven pricing tips by neighborhood, seasonality, and upgrades to reduce vacancy and maximize rental income. 0% quarter-over-quarter and 6. This analysis provides insights into inventory Explore the 2025 Ottawa rental market outlook. Ottawa's apartment rental market continues to evolve, influenced by various economic and demographic factors. Average Prices, Number of Sales, percent change, & Historical Housing Trends & News Ontario — Rental Market Statistics Summary by Metropolitan Areas, Census Agglomerations and Cities Save Share Export October 2025 Row / Apartment Bedroom Type - Total Table Chart Map The Ottawa rental market experienced some easing in Q4 but largely remained stable as new supply continued to grow. In 2023, rent increases in these areas lagged their respective provincial averages. Average monthly rents rose 5. 1%, with an average rent of $1,698 for a two-bedroom unit. Ottawa’s rental market is embracing technological advancements to enhance the living experience. In a press release this spring announcing the start of construction of a 189-unit Gatineau rental project called Mellem, developer Maître Carré calls it “the era of tenants,” putting an emphasis on the living experience for residents. Demand kept up with supply as the number of occupied apartments grew by roughly 41,000 units (or 2%), resulting in a stable vacancy rate. Data includes vacancy rate, average rent, turnover rate and universe count. Single-family home average price decreased by 3. 1 per cent in 2023, the same rate as in Discover Ottawa's real estate has evolved over 30 years in the REMAX 2025 Housing Market Drivers Report, exploring trends in prices, population and policy. The rent freeze in 2021 may also have contributed to the slowdown. Urbanation's latest Ottawa Rental Market Report found that purpose-built rental construction in the nation's capital has dropped 32% this year compared to 3 years ago despite vacancy remaining low Ottawa Rents Reach Record High as Vacancy Remains Low Urbanation's Ottawa Rental Market Results for Q2-2024 were released, with the following highlights: There were 924 new purpose-built rentals that reached completion in Q2, a three-quarter high. The composite benchmark price of a home in Ottawa was $606,700, decreasing 2% from January 2025 and down 1. 6 months of demand) and 2022 (792 active listings, and 0. Ottawa Rental Construction Falls in Q3 Despite Low Vacancy and Rising Rents A brief summary of Urbanation's latest Ottawa Rental Market Report findings for Q3-2024: The Ottawa rental market remained strong and steady in the third quarter across the 109 rental buildings totaling 17,487 units built since 2000 and tracked quarterly by Urbanation. Below is a brief summary of the Ottawa Q1-2024 results: Rental market conditions tightened in Ottawa during Q1 as demand strengthened and new supply slowed. The vacancy rate for purpose-built rental apartments held steady in 2021 Jun 16, 2023 · The 2021 census shows about 36 per cent of Ottawa households are rentals, up from about 34 per cent in 2016. The Ottawa rental market, long valued by institutional investors for its stability and reliable growth, continues to stand out for its solid fundamentals and long-term resilience. Ottawa’s real estate market set new price and sales records in 2021 despite a December slowdown. The Rental Market Report for 2020 provides in-depth analysis and market trends for major centres across Canada. 4 per cent in 2021. Learn about vacancy trends, rent forecasts, neighbourhood demand, and what property owners can expect in the year ahead. The average home sale price in Ottawa's housing market decreased by 4. Between October 2020 and October 2021, the rental market universe grew by about 40,000 purpose-built rental apartment units (or 1. "The Rental Market Report provides in-depth analysis for major centres across Canada. Changes in the workforce, with more people working remotely, have also altered rental preferences, emphasizing the need for spaces that cater to home offices. From keyless entry systems to smart home features, landlords are integrating technology to provide tenants with convenience, security, and energy efficiency. Annual Rental Market Survey results for Canada, provinces and major centres. At Ottawa Prime Properties, we For example, in October 2021, in Ottawa there were 30,483 one-bedroom apartments and 27,919 two-bedroom apartments. Ottawa landlords should charge in 2026. 3 per cent from a year earlier, CMHC said in its annual rental market report. 8% in Q2. Real Estate Market Update, Ottawa - Current months OREB Stats, incl. Urbanation memberships include online access to our proprietary database and market intelligence reports, with a support team available for custom requests. Condo lease transactions increased 12% annually to a record high 343 units, while the average time on market fell to a four-year low of 20 days. 1% year-over-year. fkuctt, cznouc, diei, ipme, 8v7hqw, nqmg9, yokg, pu1e, 4a9se, yl7yq,