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</o:shapelayout></xml><![endif]--></head><body lang=EN-CA link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><i><u><span style='color:#0F243E;background:yellow;mso-highlight:yellow'>Correction</span></u></i><i><span style='color:#0F243E;background:yellow;mso-highlight:yellow'>:</span></i><i><span style='color:#0F243E'> note Ottawa has 4<sup>th</sup> highest rents.<u><o:p></o:p></u></span></i></p><p class=MsoNormal><span style='font-family:"Arial","sans-serif";color:#0F243E'><o:p> </o:p></span></p><p class=MsoNormal><b><i>CMHC’s Rental Market Report April 2012 released today- Ottawa, Ontario & Canada information:<o:p></o:p></i></b></p><p class=MsoNormal><b><i><o:p> </o:p></i></b></p><p class=MsoNormal><b><span style='font-size:14.0pt;color:red;text-transform:uppercase'>Ottawa</span> </b><i>(the Ottawa part of Ottawa-Gatineau)</i><o:p></o:p></p><p class=MsoNormal style='margin-left:36.0pt'><b>2.1% Vacancy rate<o:p></o:p></b></p><p class=MsoNormal style='margin-left:36.0pt'><b>$1,104 Average rent for a 2-bedroom apartment<o:p></o:p></b></p><p class=MsoNormal><b><o:p> </o:p></b></p><p class=MsoNormal><b>Ottawa has the <span style='color:#0F243E'>4<sup>th</sup> </span>highest rents in Canada:<o:p></o:p></b></p><p class=MsoNormal style='margin-left:36.0pt'>Vancouver $1,210<o:p></o:p></p><p class=MsoNormal style='margin-left:36.0pt'>Toronto $1,210<o:p></o:p></p><p class=MsoNormal style='margin-left:36.0pt'>Calgary $1,113<o:p></o:p></p><p class=MsoNormal style='margin-left:36.0pt'>Ottawa $1,104<o:p></o:p></p><p class=MsoNormal style='margin-left:36.0pt'>Victoria $1,046<o:p></o:p></p><p class=MsoNormal style='margin-left:36.0pt'>Edmonton $1,036<o:p></o:p></p><p class=MsoNormal>Only these major centres in Canada have rents over $1,000 per month for a 2-bedroom apartment. Ottawa’s vacancy rate was 1.8% in the spring of 2011. CMHC notes that rents in new structures will be higher. <o:p></o:p></p><p class=MsoListParagraph style='margin-bottom:0cm;margin-bottom:.0001pt;mso-add-space:auto;text-indent:-18.0pt;line-height:normal;mso-list:l0 level1 lfo2'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>®<span style='font:7.0pt "Times New Roman"'> </span></span></span><![endif]><u><span style='font-family:"Calibri","sans-serif"'>ATEH points out</span></u><span style='font-family:"Calibri","sans-serif"'> that those Ottawa renters who have low to modest incomes are likely to continue facing challenges since new rental housing is found mainly in newly built condo buildings. These units are being rented by individual investors at the higher cost end of the rental market.<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><b><span style='font-size:14.0pt;color:red;text-transform:uppercase'>Ontario</span></b><span style='font-size:14.0pt;color:red;text-transform:uppercase'><o:p></o:p></span></p><p class=MsoNormal><span style='text-transform:uppercase'>T</span>he average vacancy rate in Ontario is now 2.3% down from 2.5 in the spring of 2011. Ontario’s average rent for a 2-bedroom apartment is $1,014.<o:p></o:p></p><p class=MsoNormal>CMHC points out that in Ontario while the increase was in line with the general rate of inflation <b>“units that experience turnover in Ontario are not subject to rent controls. Lower Ontario vacancy rates over the past year alongside more units turning over supported stronger rent increases in the spring of 2012.”<o:p></o:p></b></p><p class=MsoNormal><b><o:p> </o:p></b></p><p class=MsoNormal><b><span style='font-size:14.0pt;color:red;text-transform:uppercase'>Canada<o:p></o:p></span></b></p><p class=MsoNormal><b>Average apartment vacancy rate</b> in Canada’s 35 major centres:<b> 2.3% in April 2012</b>, down from 2.5% in 2011. <o:p></o:p></p><p class=MsoNormal><b>Average monthly rent for a 2-bedroom apartment</b> in new and existing structures: <b>$887 in April 2012. <o:p></o:p></b></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>Lynne Browne<o:p></o:p></p><p class=MsoPlainText>Executive Director, Alliance to End Homelessness Ottawa (ATEH)<o:p></o:p></p><p class=MsoPlainText>613-241-7913 ext. 205, <a href="mailto:lbrowne@ysb.on.ca">lbrowne@ysb.on.ca</a><o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText><span lang=EN-US style='mso-fareast-language:EN-CA'>-----Original Message-----<br>From: CMHC-SCHL <a href="mailto:[mailto:weborders@cmhc-schl.gc.ca]">[mailto:weborders@cmhc-schl.gc.ca]</a> <br>Sent: June-12-12 11:00 AM<br>To: <a href="mailto:webservice@cmhc-schl.gc.ca">webservice@cmhc-schl.gc.ca</a><br>Subject: Spring 2012 edition of CMHC's Rental Market Provincial Highlights - Ontario</span><o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>Dear Subscriber,<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>Thank you for your continued interest in our electronic publications.<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>The Spring 2012 edition of CMHC's Rental Market Provincial Highlights - Ontario is now available and can be accessed by clicking on the link below.<o:p></o:p></p><p class=MsoPlainText><a href="http://www.cmhc-schl.gc.ca/odpub/esub/64507/64507_2012_B01.pdf"><span style='color:windowtext;text-decoration:none'>http://www.cmhc-schl.gc.ca/odpub/esub/64507/64507_2012_B01.pdf</span></a><o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>For more CMHC housing market information or to find a Housing Market Outlook conference near you, visit <a href="http://www.cmhc.ca/housingmarketinformation"><span style='color:windowtext;text-decoration:none'>http://www.cmhc.ca/housingmarketinformation</span></a>.<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>If you want to unsubscribe, please click on the following link:<o:p></o:p></p><p class=MsoPlainText><a href="https://www03.cmhc-schl.gc.ca/?unsu=1&lang=en"><span style='color:windowtext;text-decoration:none'>https://www03.cmhc-schl.gc.ca/?unsu=1&lang=en</span></a><o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>You will be prompted to enter your userid and password.<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>(If any of the links do not open, you can copy and paste the URL into the address box of your browse and press Enter.)<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>If you have any questions, please contact our Call Centre at 1 800 668-2642.<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p><p class=MsoPlainText>Please do not reply to this e-mail.<o:p></o:p></p><p class=MsoPlainText><o:p> </o:p></p></div></body></html>