Ottawa rental prices jump 18 per cent in 2022, report shows

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Ottawa rental prices jump 18 per cent in 2022, report shows
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Ottawa’s average cost of $1,939 a month is the 15th\u002Dhighest of the 35 cities included in the report by Rentals.ca.

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Home ownership rates have also decreased since 2011, increasing the amount of people looking to rent in the city.Article content The data includes all types of vacant rental units. It is different from data collected by the Canada Mortgage and Housing Corporation, which measures the entire rental market.Article content

Pomeroy said the report is “a little bit of a black box” because it does not say how many of each type of rental unit is included in the data each month. For example, last November, the data may have included primarily condos, but this November, it could have been made up mostly of basement suites.

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