Ottawa rent prices drop 3 per cent in November, report shows
A new report from Rentals.ca and Urbanation shows the average cost to rent an apartment in Ottawa was $2,171 a month in November, down from $2,207 in October and $2,220 in September.
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.
Ashcroft Homes receives court-ordered protection as it deals with $284 million in debt
Ottawa's Ashcroft Homes has received court-ordered protection from its creditors, as it owes banks and other lenders $284.5 million.
Ottawa home prices jump 4.6 per cent in November, report shows
Ottawa home sales cooled in November, but the price of buying a new home increased 4.6 per cent last month.
Here's how much you need to earn to buy a home in Ottawa
The income required to purchase a new home in Ottawa dropped $2,300 in October, as interest rates continued to fall, and the average cost of a home dropped.
New home construction down 14% in Ottawa so far in 2024, CMHC statistics show
New statistics from the Canada Mortgage and Housing Corporation (CMHC) show there were 636 housing starts in October, down from 1,106 housing starts the year before. Ottawa saw 1,510 housing starts in September.
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.
'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.
More Real Estate Videos
Mortgage Minute
Frank Napolitano from Mortgage Brokers Ottawa answers some frequently asked questions about mortgages and the housing market.
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More Real Estate News
What to know about Canada's new mortgage rules, according to a broker
Canada's new federal mortgage rules are coming into effect Sunday. A broker says this is what would-be buyers need to know.
Housing unaffordability still rising despite billions in government measures: PBO
The number of Canadians in need of affordable housing is still rising despite billions in federal spending to tackle housing affordability, the parliamentary budget officer said in a new analysis published Thursday.
Thanks to peace, two unexpected words are echoing across Afghanistan's capital: Luxury housing
In Kabul, a curious thing is happening to fuel the high-end real estate market. Peace, it seems, is driving up property prices.
This is how much money you need to make to buy a house in Canada's largest cities
The average salary needed to buy a home keeps inching down in cities across Canada, according to the latest data.
CMHC reports annual pace of housing starts up eight per cent in October
Canada Mortgage and Housing Corp. says the annual pace of housing starts in October rose eight per cent compared with September.
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.
LISTEN: Open House - The Real Estate & Mortgage Show on 580 CFRA
National Real Estate Videos
Rental Market
What Canadian landlords are charging for rent, according to a just-released report
A new report says average asking rents fell nationally on a year-over-year basis to $2,139 in November, marking a 15-month low.
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.
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
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Canada
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Norad crew waiting for Santa to fly over Canada as annual holiday track underway
Departing from the North Pole while we were all sleeping, Santa Claus' journey around the world bringing presents and Christmas cheer for all of the good boys and girls who believe is underway.
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How Christmas shopping could help support adults with development disabilities
Members of Adults in Motion have been busy making keychains, cards and more for the holidays.
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Ontario First Nation challenging selection of underground nuclear waste site in court
A First Nation in northern Ontario is challenging the selection of a nearby region as the site of a deep geological repository that will hold Canada's nuclear waste, arguing in a court filing that it should have had a say in the matter as the site falls "squarely" within its territory.
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Indigenous family faced discrimination in North Bay, Ont., when they were kicked off transit bus
Ontario's Human Rights Tribunal has awarded members of an Indigenous family in North Bay $15,000 each after it ruled they were victims of discrimination.
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OPP and Ottawa firefighters help remove vehicle wedged into Highway 417 overpass
Ottawa firefighters and local Ontario Provincial Police officers were called to a bizarre scene Tuesday morning along Highway 417, where a driver managed to wedge his vehicle under an overpass.
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Her son needed help with addiction. Instead, he's spending Christmas in N.L. jail.
As Gwen Perry prepares for a Christmas without contact from her son, who is locked inside a notorious St. John's, N.L., jail, she wants people to understand that many inmates need help, not incarceration.
World
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Syria's new foreign minister tells Iran not to spread chaos in Syria
Syria's newly appointed foreign minister, Asaad Hassan al-Shibani, told Iran on Tuesday not to spread chaos in Syria but to respect the Syrian people's will and the country's sovereignty.
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On Christmas Eve, Pope Francis appeals for courage to better the world
Pope Francis said the story of Jesus' birth as a poor carpenter's son should instill hope that all people can make an impact on the world, as the pontiff on Tuesday led the world's Roman Catholics into Christmas.
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Legendary drug lord Fabio Ochoa is deported to Colombia and walks free after 20 years in U.S. prisons
One of Colombia's legendary drug lords and a key operator of the Medellin cartel has been deported back to the South American country, after serving 25 years of a 30-year prison sentence in the United States.
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Two arrested in Egypt after attempting to steal hundreds of ancient artifacts from the bottom of the sea
Egyptian authorities have arrested two men for attempting to steal hundreds of ancient artifacts from the bottom of the sea, the country’s interior ministry said in a Monday statement.
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Saudi executions rose sharply in 2024
Saudi Arabia executed 330 people this year, the highest number in decades, despite de facto ruler Mohammed bin Salman's 2022 assertion that the death penalty had been eliminated except for murder cases under his vision for a new open kingdom.
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Bill Clinton is out of the hospital after being treated for the flu
Former U.S. President Bill Clinton was discharged from a Washington hospital on Tuesday and will be home for Christmas after he was admitted the day before with a fever.
Lifestyle
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The Santa Awards: Ranking the best (and most ridiculous) Father Christmases ever to grace our screens
Behold, for your festive perusal, some of the most beloved, cherished and out-there onscreen renditions of dear old Saint Nick.
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Why couples in Japan treat Christmas like a second Valentine's Day
One of Sumire Sekino’s most memorable Christmases involved spending the day hopping around some of Tokyo’s best date spots with her boyfriend.
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B.C. friends nab 'unbelievable' $1M lotto win just before Christmas
Two friends from B.C's lower mainland are feeling particularly merry this December, after a single lottery ticket purchased from a small kiosk landed them instant millionaire status.
Sports
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Ottawa welcomes new Team Canada fans with citizenship ceremony ahead of the World Juniors
Ottawa is welcoming the world as it hosts the IIHF World Junior Hockey Championship. But first, some new Team Canada fans were sworn in at a citizenship ceremony at the Canadian Tire Centre on Monday.
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Packers clinch playoff berth with 1st shutout in NFL this season, 34-0 over Saints
With a dominant defence leading the way, the Green Bay Packers clinched a playoff berth by producing their most lopsided win in a decade.
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Embiid ejected after drawing 2 technicals in game against Wembanyama and Spurs
Philadelphia 76ers star Joel Embiid was ejected in the first half of Monday night's 111-106 victory over the San Antonio Spurs after drawing two technical fouls.
Business
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Heavy travel day starts with brief grounding of all American Airlines flights
American Airlines briefly grounded flights nationwide Tuesday because of a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive.
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Starbucks strike to expand to over 300 U.S. stores on Christmas Eve, union says
A strike at Starbucks will expand to over 300 U.S. stores on Tuesday, with more than 5,000 workers expected to walk off the job before the five-day work stoppage ends later on Christmas Eve, the workers' union said.
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Toyota is donating US$1 million to Trump's inauguration
Toyota Motor of North America is donating US$1 million to U.S. president-elect Donald Trump's Jan. 20 inauguration, a company spokesman said on Tuesday, a day after Detroit's Ford Motor and General Motors, said they would give the same amount.
Autos
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More drivers opt for personalized plates in Sask. — and behind every one there's a story
You may have noticed a few more vanity plates on Saskatchewan roads in recent years, and every one of them comes with a personal story.
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Nissan and Honda to attempt a merger that would create the world's No. 3 automaker
Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world's third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels.
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Ford Motor donates US$1 million and fleet of vehicles to Trump's inauguration
Ford Motor Co F.N is donating US$1 million and a fleet of vehicles to U.S. president-elect Donald Trump's January inauguration, a company spokesperson said on Monday.
Entertainment
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Justin Baldoni's 'Man Enough' podcast co-host Liz Plank announces her departure
Justin Baldoni's 'Man Enough' podcast co-host Liz Plank announced she's stepping away from the show after actress Blake Lively accused the actor and director of sexual harassment and a smear campaign in a civil rights complaint last week.
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'I became fluent in Bob': How the costume designer of 'A Complete Unknown' transformed Timothee Chalamet
If fashion is a language, Arianne Phillips, costume designer on James Mangold's latest film 'A Complete Unknown,' is a polyglot.
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Christopher Nolan's next film is based on 'The Odyssey'
Christopher Nolan is following his Oscar-winning "Oppenheimer" with a true epic: Homer's "The Odyssey." It will open in theaters on July 17, 2026, Universal Pictures said Monday.
Health
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How much is too much alcohol over the holidays? A doctor explains
The holidays are here, as are the parties, happy hours and other get-togethers that often offer abundant mixed drinks, beer and wine.
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Oysters distributed in B.C., Alberta, Ontario recalled for norovirus contamination
The Canadian Food Inspection Agency has issued a recall due to possible norovirus contamination of certain oysters distributed in British Columbia, Alberta and Ontario.
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Back on air: John Vennavally-Rao on reclaiming his career while living with cancer
'In February, there was a time when I thought my career as a TV reporter was over,' CTV News reporter and anchor John Vennavally-Rao writes.
Politics
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Canada condemns China's steps against Canadian institutions over Uyghurs, Tibet
The Canadian government condemned China on Tuesday for taking steps against two Canadian institutions and 20 people involved in human rights issues concerning the Uyghurs and Tibet.
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Trudeau could stay or go. Either way, Canadians should brace for a spring election
Canada appears to be barrelling toward a spring election now that the NDP is vowing to vote down the government early next year -- whether Prime Minister Justin Trudeau stays on or not.
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What is flagpoling? A new ban on the practice is starting to take effect
Immigration measures announced as part of Canada's border response to president-elect Donald Trump's 25 per cent tariff threat are starting to be implemented, beginning with a ban on what's known as 'flagpoling.'
Sci-Tech
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Young mammoth remains found nearly intact in Siberian permafrost
Researchers in Siberia are conducting tests on a juvenile mammoth whose remarkably well-preserved remains were discovered in thawing permafrost after more than 50,000 years.
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Multiple OnlyFans accounts featured suspected child sex abuse, investigator reports
An experienced child exploitation investigator told Reuters he reported 26 accounts on the popular adults-only website OnlyFans to authorities, saying they appeared to contain sexual content featuring underage teen girls.
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Dutch discover rare 500-year old wooden shoe
The Dutch are known worldwide for their wooden shoes, but the recent rare discovery of a 500-year-old one in the city of Alkmaar has shown just how widespread their use once was.