Tag: purpose-built rentals
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Ottawa Condo Construction Just Fell 49% As Developers Shift To Rentals

Ottawa’s new housing market is undergoing a major shift as condominium construction falls sharply and purpose-built rental apartments take over a growing share of development. According to the Canada Mortgage and Housing Corporation’s Fall 2026 Housing Supply Report, Ottawa condominium apartment starts fell 49% year over year. At the same time, purpose-built rentals now account…
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Canada’s Rental Prices Drop: March 2025 Rent Report & Trends

Canada’s Rental Market Sees Fifth Consecutive Monthly Decline The March 2025 Rentals.ca Rent Report reveals a continued decline in average asking rents across Canada. In February, rents dropped 4.8% year-over-year, bringing the average rent down to $2,088, the lowest since July 2023. This trend reflects a major shift from February 2024, when rents had surged…