[homeles_ot-l] Ottawa, Ontario & Canada - Rental Market CMHC Spring 2012-Highlights

[Lynne Browne]

CMHC’s Rental Market Report April 2012 released today- Ottawa, Ontario & Canada information:

 

Ottawa (the Ottawa part of Ottawa-Gatineau)

2.1%                  Vacancy rate

$1,104               Average rent for a 2-bedroom apartment

 

Ottawa still has the 3rd highest rents in Canada:

Toronto            $1,210

Calgary             $1,113

Ottawa             $1,104

Victoria             $1,046

Edmonton       $1,036

Only these five 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. 

®     ATEH points out 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.

 

Ontario

The 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.

CMHC points out that in Ontario while the increase was in line with the general rate of inflation “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.”

 

Canada

Average apartment vacancy rate in Canada’s 35 major centres: 2.3% in April 2012, down from 2.5% in 2011. 

Average monthly rent for a 2-bedroom apartment in new and existing structures: $887 in April 2012. 

 

Lynne Browne

Executive Director, Alliance to End Homelessness Ottawa (ATEH)

613-241-7913 ext. 205, lbrowne at ysb.on.ca

 

-----Original Message-----
From: CMHC-SCHL [mailto:weborders at cmhc-schl.gc.ca] 
Sent: June-12-12 11:00 AM
To: webservice at cmhc-schl.gc.ca
Subject: Spring 2012 edition of CMHC's Rental Market Provincial Highlights - Ontario

 

Dear Subscriber,

 

Thank you for your continued interest in our electronic publications.

 

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.

http://www.cmhc-schl.gc.ca/odpub/esub/64507/64507_2012_B01.pdf <http://www.cmhc-schl.gc.ca/odpub/esub/64507/64507_2012_B01.pdf> 

 

For more CMHC housing market information or to find a Housing Market Outlook conference near you, visit http://www.cmhc.ca/housingmarketinformation <http://www.cmhc.ca/housingmarketinformation> .

 

If you want to unsubscribe, please click on the following link:

https://www03.cmhc-schl.gc.ca/?unsu=1&lang=en <https://www03.cmhc-schl.gc.ca/?unsu=1&lang=en> 

 

You will be prompted to enter your userid and password.

 

(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.)

 

If you have any questions, please contact our Call Centre at 1 800 668-2642.

 

Please do not reply to this e-mail.

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://list.web.net/pipermail/homeles_ot-l/attachments/20120612/5a67d62c/attachment-0001.htm>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: CMHC-CANADA Rental Market spring 2012.pdf
Type: application/octet-stream
Size: 363463 bytes
Desc: CMHC-CANADA Rental Market spring 2012.pdf
URL: <http://list.web.net/pipermail/homeles_ot-l/attachments/20120612/5a67d62c/attachment-0002.obj>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: CMHC-ONTARIO Rental Market Report spring 2012.pdf
Type: application/octet-stream
Size: 3002344 bytes
Desc: CMHC-ONTARIO Rental Market Report spring 2012.pdf
URL: <http://list.web.net/pipermail/homeles_ot-l/attachments/20120612/5a67d62c/attachment-0003.obj>