Hello All,

A little note from our friend Francis at CMHC. You heard him speak to the market data last year. The CMHC Rental Market Report is out early this year and Francis has pointed out the highlights for Ottawa. Follow the link above for the full report including other regional markets.

Summary 2024 Rental Market Report for the City of Ottawa

• Vacancy rate increased from 2.1% to 2.5 % between 2023 and 2024: important increase in the supply, and possibly a slower population growth.
• Rent increase of 5.4% in 2024, a little bit higher than in 2023.
• Rent increase was higher for rental units that were turned over (+24%). Rent increase was +2.5% if the unit was not turned over.
• Turnover rate decreased a little bit in 2024.