Students Arriving in Ottawa Finding Few Rental Options

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 PadMapper, a popular rental website says property prices saw double digits growth in 13 of the 25 Canadian cities last year. The median price one-bedroom apartment in the City of Ottawa in July was $1,250 up 15.7% from last year.

Investors looking to purchase condos or houses for investment purposes call Roch St-Georges at 613-889-7732 to discuss your real estate needs in Ottawa. I also provide on-going property management services and tenant placement services.