Here's how much it costs to rent an apartment in Ottawa this fall
The cost of renting an apartment in Ottawa dropped in October, with lower rental rates for bachelor and two-bedroom apartments.
Real Estate | CTV News Ottawa
Market Updates
Bennett Real Estate Rundown: Stittsville
Taylor Bennett joined us in studio this morning to show us a bit of what is on the market this morning.
'Positive movement' in Ottawa's real estate market in October with home sales up nearly 50%
Ottawa home sales increased nearly 50 per cent in October, as "consumer confidence is getting stronger' following a fourth cut in interest rates this year.
Here's what you can buy for $729,000 in 8 Ottawa neighbourhoods
CTVNewsOttawa.ca looks at what you can buy for the average Ottawa home price of $729,000 in eight Ottawa neighbourhoods.
'It is significant': Ottawa residents react to interest rate cut
Homeowners with a variable rate mortgage in Ottawa can expect to see some savings thanks to a significant rate cut by the Bank of Canada.
Income required to buy a home in Ottawa drops $6,000 over the summer
A new report from Ratehub.ca shows homebuyers needed an average income of $126,100 in September to buy the average priced home for sale in Ottawa, down from $127,830 in August.
Ottawa housing starts down 10 per cent in 2024, CMHC report shows
The City of Ottawa saw a boost in housing starts in September, but the number of new homes under construction in the capital is still 10 per cent lower than last year's numbers.
Ottawa home prices increase slightly as buyer demand remains weak, report shows
Home prices increased an average of 1.6 per cent in Ottawa over the summer, as buyer demand remained weak and sellers "stick with their listing strategy," according to a new report. However, the Royal LePage House Price Survey is forecasting the aggregate price of a new home increases 4.5 per cent in the final three months of the year as interest rates drop.
Average cost to rent an apartment in Ottawa drops in September
A new report from Rentals.ca and Urbanation shows the average cost to rent an one-bedroom apartment was $2,042 a month in September, down from $2,044 a month in August.
More Real Estate Videos
Mortgage Minute
Frank Napolitano from Mortgage Brokers Ottawa answers some frequently asked questions about home financing and the housing market.
LISTEN: Bennett Real Estate and Wealth Show
More Real Estate News
Canada rent report: What landlords are asking tenants to pay
Average asking rents declined nationally on a year-over-year basis for the first time in more than three years in October, said a report out Thursday.
CMHC says mortgage risks remain as delinquencies creep up, alternative lending grows
Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being issued by alternative lenders.
Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million
Conservative Leader Pierre Poilievre has written to the provinces' premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.
Where should Canada look to improve its housing situation? The answer may shock you
Housing experts argue widespread adoption of government-supported affordable housing, the growth of alternative models like co-operatives and co-housing, and the increased use of advanced building techniques could all play a role in improving Canada's housing system.
With condos not selling, Canada faces worsening home ownership crisis
Canada's home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically low levels, stalling the funding needed for construction, half a dozen economists and realtors told Reuters.
StatCan latest wealth survey shows stark disparity between homeowners, renters
Statistics Canada's latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what's owned by Canada's richest families.
Fewer young Canadians own homes but majority planning to buy within five years: poll
A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five years.
High cost of groceries, rent squeezing Canadians: poll
High grocery and rental costs are squeezing lower-income Canadians even as inflation trends downward, a new survey suggests.
LISTEN: Open House - The Real Estate & Mortgage Show on 580 CFRA
National Real Estate Videos
Rental Market
Feds seek to convert dozens of government properties for affordable housing
The federal government has added 56 properties to a new public lands bank of locations that are suitable for long-term leases so developers can build housing, a move the Housing Minister says will help boost the supply of homes Canadians can afford.
Rent in Canada now averaging $2,201 per month, with some markets seeing big jumps
Rents are still rising in Canada but the year-over-year pace of growth has slowed, according to a new report.
Canada's landlords now asking an average of $2,185/month for rent
A new report says the average asking rent for a home in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months.
More rental housing development needed despite recent rise: RBC economist
Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report.
Skyrocketing rent: Some Canadians saying goodbye to half their paycheque
A significant number of Canadian renters are spending more than half their paycheque putting a roof over their head, according to a new Royal LePage report.
Average asking rental price in Canada reaches record high: report
The average asking rental price in Canada surpassed $2,200 to reach a record high in May, according to a new report.
Here's what Trudeau says the upcoming federal budget will offer renters
The federal government will create a new 'Canadian Renters' Bill of Rights,' which would require landlords to disclose their properties' rental price history to prospective tenants.
Rental demand from international students will slow this year, but won't fall: RBC
RBC says the recently announced cap on new study permits won't lead to an outright decrease in demand for rental housing from international students this year.
EXPERT CORNER
High stakes for homeowners facing choice between fixed- or variable-rate mortgage
Deciding between a fixed- or variable-rate mortgage has always been a challenging choice for borrowers looking to buy a home or renew a loan, but with interest rates sitting at levels not seen in decades, the stakes are especially high.
OPINION
OPINION New to Canada? Here's your guide to purchasing or renting your first home
Navigating Canada's real estate market can be daunting for new immigrants, especially amid an affordable housing crisis. Personal finance columnist Christopher Liew outlines the documentation newcomers will need to rent or purchase a home in Canada, and some key expenses to budget for.
WATCH
WATCH Canada on 'the razor's edge' of a recession, warns economist
After the Bank of Canada held its key interest rate at five per cent, an economist says that inflation will be the key factor in determining whether more rate hikes are coming, and warns that a recession is a real possibility.
Home ownership got a tiny bit more affordable at start of 2023 — but housing crisis still raging: RBC report
It recently got a tiny bit more affordable to own a home in Canada — but according to RBC economists, the affordability crisis is still raging in many parts of Canada.
From an aggregate price of $809K to the market correction, report looks at real estate trends in Canada
A new report has found that buyer demand for homes is remaining strong in Canada despite borrowing rate hikes — and the market may be stabilizing after the pandemic boom.
opinion
opinion Canada can dodge a recession, but it could still happen; here's why
In his column for CTVNews.ca, personal finance contributor Christopher Liew outlines how Canada might avoid a recession, as well as some risks that could contribute to one.
What happens if you only pay interest on your home?
As elevated interest rates hit the housing market, some people have been extending their amortization period out several decades and are only paying interest on their homes.
opinion
opinion Should you take advantage of the First Home Savings Account?
Personal finance contributor Christopher Liew explains how First Home Savings Accounts work, who’s eligible for the program, and outlines the contribution rules.
GTA Housing Market
STAY CONNECTED
Canada
-
2-year-old gorilla 'Eyare' dies unexpectedly at Calgary Zoo
A young gorilla at the Calgary Zoo has died. The Wilder Institute/Calgary Zoo announced a member of its western lowland gorilla troop passed away unexpectedly, in a news release Tuesday.
-
'A man of genuine warmth and integrity': Condolences pour in for former B.C. premier John Horgan
The news Tuesday morning that former B.C. premier John Horgan had died at age 65 set off an outpouring of grief and condolences from across the province's political spectrum.
-
Body found in Montreal park identified as cryptocurrency influencer
The body of a man that was found in a park in the Ahunstic-Cartierville borough last month has been identified as cryptocurrency influencer Kevin Mirshahi.
-
Ottawa provides $9 million to fight homelessness among veterans in B.C., Yukon
The federal government is providing more than $9 million in funding for programs in British Columbia and Yukon to combat homelessness among veterans.
-
Ottawa high school principal apologizes for song played during Remembrance Day assembly
The principal of an Ottawa high school is apologizing to students, parents and guardians after an Arabic-language song was played during the school's Remembrance Day service. The Ottawa-Carleton District School Board is conducting a "thorough investigation" to ensure it "is addressed appropriately and meaningfully."
-
History in Halifax is slowly being wiped off the map: study
Saint Mary's University archeologist Jonathan Fowler is sounding an alarm with a new study. According to Fowler, the centuries-old architecture that adds to Halifax’s heritage and historic vibe is slowly being wiped away as the city grows.
World
-
Peanut, the social media star squirrel euthanized after being taken from home, tests negative for rabies
Peanut, the social media star squirrel at the center of a national furor after it was seized from its owner in upstate New York and euthanized, has tested negative for rabies, a county official said Tuesday.
-
Investigators believe Wisconsin kayaker faked his own death before fleeing to eastern Europe
A Wisconsin man apparently faked his own drowning this summer so he could abandon his family and flee to eastern Europe, investigators say.
-
Pentagon secrets leaker Jack Teixeira sentenced to 15 years in prison by a federal judge
A federal judge on Tuesday sentenced a Massachusetts Air National Guard member to 15 years in prison after he pleaded guilty to leaking highly classified military documents about the war in Ukraine.
-
U.S. prohibits airlines from flying to Haiti and UN suspends flights after plane was shot by gangs
The Federal Aviation Administration announced Tuesday that it will prohibit U.S. airlines from flying to Haiti for 30 days after gangs shot a Spirit Airlines plane and the United Nations will temporarily suspend flights to Port-au-Prince, limiting humanitarian aid coming into the country.
-
Trump picks ex-Arkansas Gov. Huckabee to be ambassador to Israel, Witkoff to be Middle East envoy
President-elect Donald Trump will nominate former Arkansas Gov. Mike Huckabee as ambassador to Israel, Trump announced Tuesday.
-
Israeli strikes kill 46 people in the Gaza Strip and 18 in Lebanon, medics say
Israeli airstrikes killed at least 46 people in the Gaza Strip in the last 24 hours, including 11 in an Israeli-declared humanitarian zone. Meanwhile, further strikes in Beirut's southerb suburbs killed 18.
Lifestyle
-
My Little Pony finally hits the Toy Hall of Fame, alongside Phase 10 and Transformers
My Little Pony finally made it to the winner's circle.
-
'I get in this workshop and everything disappears': N.B. man creates whimsical birdhouses in spare time
Four years ago, Phill Hebb started up "Phil’s Unique Birdhouses" and since then, they’ve made their way all across Canada and into the United States.
-
Thousands in Australia line up to see stinking 'corpse flower' that only blooms once a decade
In the Australian city Geelong, just south of Melbourne, thousands are lining up for the rare chance to see – and smell – an unusual plant.
Sports
-
Canada's privacy commissioner to launch investigation into World Anti-Doping Agency
Canada's privacy commissioner is launching an investigation into the World Anti-Doping Agency. The move comes after Philippe Dufresne's office received a complaint about the Montreal-based agency's handling of biological samples collected from athletes.
-
Bev Priestman out at Canada Soccer in wake of Olympic drone-spying scandal
Bev Priestman is out as coach of the Canadian women's soccer team in the wake of an independent report into the Olympic drone-spying scandal.
-
Jets take their game on the road as they prepare to do battle with the New York Rangers
After a homestand that featured two shutouts and four straight wins, the Winnipeg Jets are looking to channel that success on the road, as they have one game on home ice for the rest of November.
Business
-
KFC sues Church's Chicken over 'Original Recipe'
KFC accused Church's Texas Chicken of violating its trademark rights when its fried chicken competitor began using the words 'Original Recipe' in its advertising and promotions.
-
Labour minister pushes for 'deal at the table' after Canada Post union issues strike notice
Labour Minister Steven MacKinnon says the federal government currently has no plans to intervene in negotiations after the union representing Canada Post workers issued a 72-hour strike notice.
-
Here's why thieves may be stealing butter in Canada
The case of the missing butter remains a mystery, but some have ideas on what's behind the unusual crimes.
Autos
-
Porsche recalls 300+ Canadian cars at risk of losing wheels
Select Porsche owners in Canada have been told to stop driving their cars immediately and to seek repairs after an issue was identified that could cause wheels to separate from vehicles.
-
Driver's road trip in grandpa's vehicle to visit girlfriend ends in traffic stop for speeding on Ottawa's Hwy. 417
A driver's trip from London, Ont. to Ottawa to visit their girlfriend ended in a traffic stop for speeding on Highway 417, according to police.
-
Volkswagen models recalled for airbag safety precaution
Recall notices have been issued for some Volkswagen models from 2006 to 2019 for airbag safety issues.
Entertainment
-
Film, TV unions want Telefilm to only fund productions with collective agreements
Canada's major film and TV unions are pressuring Telefilm to only fund productions that sign collective agreements.
-
Eminem, Alanis Morissette, Sheryl Crow, N.W.A. and Janet Jackson get Songwriters Hall of Fame nods
Eminem, Boy George, George Clinton, Sheryl Crow, Janet Jackson, the Doobie Brothers, N.W.A. and Alanis Morissette are among the nominees for the 2025 class at the Songwriters Hall of Fame, an eclectic group of rap, rock, hip-hop and pop pioneers.
-
Timothee Chalamet says he was told he didn't 'have the right body' for some big roles
Timothee Chalamet has shared a story that makes clear women in Hollywood aren't the only ones being judged for their physical appearances.
Health
-
B.C. teen with Canada's first human case of avian flu in critical condition, Dr. Bonnie Henry says
The teenager who is sick with the first-ever human case of avian influenza acquired in Canada is in hospital in critical condition, provincial health officer Dr. Bonnie Henry said Tuesday.
-
Proposed assisted dying bill for England and Wales rekindles debate over choice and ethics
Details of a proposed law to legalize assisted dying in England and Wales have been published, rekindling debate on the controversial topic ahead of a vote in Parliament later this month.
-
Dr. Ronald Weiss, Ottawa's 'Wayne Gretzky' of vasectomies, dies
Dr. Ronald Weiss, who performed nearly 60,000 vasectomies on Ottawa men, establishing him as the "Wayne Gretzky" of the procedure, has died.
Politics
-
Union says it will challenge Ottawa's intervention in B.C. port work stoppages
The union representing locked-out port workers in British Columbia says it plans to challenge the federal government's intervention in the ongoing labour dispute.
-
Labour minister pushes for 'deal at the table' after Canada Post union issues strike notice
Labour Minister Steven MacKinnon says the federal government currently has no plans to intervene in negotiations after the union representing Canada Post workers issued a 72-hour strike notice.
-
Canada cancels automatic 10-year multiple-entry visas, tightens rules
Canada has announced changes to their visitor visa policies, effectively ending the automatic issuance of 10-year multiple-entry visas, according to new rules outlined by Immigration, Refugees and Citizenship Canada.
Sci-Tech
-
Federal government launching research institute for AI safety
The federal government is opening a research centre that will study risks posed by artificial intelligence technology.
-
AI means anyone can be a victim of deepfake porn. Here's how to protect yourself
Artificial intelligence tools can now superimpose a person’s face onto a nude body, or manipulate existing photos to make it look as if a person is not wearing clothes. Here's how to protect yourself.
-
Researchers document huge drop in African elephants in a half century
African elephants are Earth's largest land animals, remarkable mammals that are very intelligent and highly social. They also are in peril.