07/24/2023
Ottawa's Rental Market Heats Up: A Steep 14% Hike in One Year!
Buckle up, Ottawa renters!
The city's rental market is witnessing a rollercoaster ride with a striking 14.6% surge in the average rent in just a year, second only to Toronto among Canada's major cities.
This increase has impacted everything from bachelor pads to three-bedroom apartments.
So, what's driving this acceleration, and what does it mean for you?
Discover the full story and its implications in our comprehensive report https://ottawa.ctvnews.ca/average-rent-in-ottawa-increases-14-per-cent-in-last-year-1.6436001
The June 2023 Rent Report from Rentals.ca and Urbanation shows the average rent for all apartment and condo listings in Ottawa was $2,134 in May, a 14.6 per cent increase from May 2022.