New housing construction in Ottawa hit 50-year high in 2021: CMHC
The Canada Mortgage and Housing Corporation (CMHC) says Ottawa saw a boom in the housing market in 2021, with the highest number of new starts in nearly 50 years.
A new report shows there were more than 10,000 housing starts in the city last year, marking a three per cent increase over 2020, which was also a historically high year for housing starts.
CMHC figures show 3,276 new single-detached units, 255 semi-detached units, 2,824 rowhouses, and 3,866 apartments were started in 2021.
Two-thirds of new builds were in the suburbs, with Barrhaven, Sittsville, western Orleans and Gloucester outside the Greenbelt leading the charge.
South Keys, Westboro North, Hampton Park, and Little Italy saw 25 per cent of the city’s new apartments and condos. The CMHC notes these neighbourhoods are all close to O-Train expansion areas. In the past year, 2,702 condominiums were started, compared to 1,196 rental units, the CMCH said.
Nearly 40 per cent of housing starts last year were apartments. In 2000, that number was closer to 10 per cent.
The CMHC notes that Ottawa’s population growth is outpacing new housing construction, which is contributing to higher prices in the market. Of the new starts in 2021, only 200 new units had not found buyers, a nearly 20-year low.
CTVNews.ca Top Stories
BREAKING Parents of infant who died in wrong-way crash on Ontario's Hwy. 401 were in same vehicle
Ontario’s Special Investigations Unit has released new details about a wrong-way collision in Whitby on Monday night that claimed the lives of four people.
Loblaw leaders call criticism 'misguided,' say they aren't to blame for high food prices
Loblaw chairman Galen Weston and the company's new CEO are pushing back against critics who blame the grocery giant for soaring food prices, as a month-long boycott of the retailer gets underway.
Three Quebec men from same family father hundreds of children
Three men in Quebec from the same family have fathered more than 600 children.
B.C. mayor stripped of budget, barred from committees over Indigenous residential schools book
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.
'Giant-killer' Kazushi Kimura to race in Kentucky Derby this weekend: 'I'm representing Canada and Japan'
Six years ago, at age 18, Kazushi Kimura left his home and family behind in Hokkaido, Japan to chase a dream. This weekend, he'll ride in the Kentucky Derby.
Quebec premier asks police to dismantle camp at McGill University
Quebec Premier Francois Legault has called on the police to dismantle the pro-Palestinian protest encampment on the lower field of McGill University's downtown campus in Montreal.
Orangutan observed treating wound using medicinal plant in world first
Scientists working in Indonesia have observed an orangutan intentionally treating a wound on their face with a medicinal plant, the first time this behavior has been documented.
TD Bank hit with $9.2M penalty after failing to report suspicious transactions
Canada’s financial-crime watchdog has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.
Doctors concerned about potential spread of bird flu in Canada
H5N1 or avian flu has been detected at dozens of U.S. dairy farms and Canadian experts are urging surveillance on our side of the border too.