The cost to rent an apartment in these two Ottawa neighbourhoods decreased this summer
As rents continue to rise for one-and-two bedroom apartments in Ottawa and Gatineau this summer, a new report shows rents are decreasing in the Ottawa neighbourhoods of Nepean and Gloucester.
The average cost to rent a one-bedroom apartment in Ottawa increased 9.7 per cent in July from July 2021 to $1,767, according to the new report from Rentals.ca. A two-bedroom apartment in Ottawa cost $2,206 – up 8.5 per cent from a year ago.
In Gatineau, the average rent for a one-bedroom apartment in July was $1,551, up 20.3 per cent from July 2021. A two-bedroom apartment costs an average of $1,810, up 10.6 per cent from a year ago.
The monthly rentals report from Rentals.ca shows the average rent in Canada for a one-bedroom was $1,640 in July, up 10.68 per cent from July 2021. The average cost of a two-bedroom apartment was $2,098 in July, up 14.20 per cent from July 2021.
If you are looking for a place to rent in Ottawa this summer, you may want to look in the neighbourhoods of Nepean and Gloucester. Rentals.ca says the average cost to rent an apartment in those areas dropped between six and 10 per cent in July.
In Gloucester, the cost to rent a one-bedroom apartment was $1,564 in July, down 9.7 per cent from a year ago. Rent for a two-bedroom apartment in the east end neighbourhood was $1,992 last month, down 10.2 per cent from July 2021.
Rents for a one-bedroom apartment in Nepean dropped 6.2 per cent to $1,454 in July. It cost $1,850 to rent a two-bedroom apartment in July, down 0.2 per cent from a year ago.
The report from Rentals.ca shows the average monthly rent for all property types in Ottawa increased from $1,928 in July 2021 to $2,090 in July 2022.
Vancouver has the highest monthly rents for a one-bedroom and a two-bedroom apartment, followed by North Vancouver, Richmond, B.C. and Toronto. The average monthly rent in Vancouver in July was $2,500 for a one-bedroom and $3,630 for a two-bedroom.
In Kingston, the average rent for a one-bedroom apartment was $1,467 in July, up 17.9 per cent from a year ago.
Average rent for a one-bedroom apartment in Canada in July
1. Vancouver, B.C. $2,500
2. North Vancouver $2,411
3. Richmond, B.C. $2,292
4. Toronto $2,257
5. Victoria $2,107
6. Burnaby, B.C. $2,010
7. Etobicoke, Ont. $2,007
8. Guelph, Ont. $1,983
9. North York, Ont. $1,913
10. Mississauga $1,862
14. Ottawa $1,767
22. Gloucester, Ont. $1,564
23. Gatineau, Que. $1,551
25. Kingston, Ont. $1,467
26. Nepean, Ont. $1,454
CTVNews.ca Top Stories
Chants of 'shame on you' greet guests arriving for the annual White House correspondents' dinner
An election-year roast of U.S. President Joe Biden before journalists, celebrities and politicians at the annual White House correspondents' dinner Saturday.
What is a 'halal mortgage'? Does it make housing more accessible?
The 2024 federal budget announced on April 16 included plans to introduce “halal mortgages” as a way to increase access to home ownership.
Here's where Canadians are living abroad: report
A recent report sheds light on Canadians living abroad--estimated at around four million people in 2016—and the public policies that impact them.
Deadly six-vehicle crash on Highway 400 sparked by road rage incident
One person was killed in a six-vehicle crash on Highway 400 in Innisfil Friday evening.
Opinion I just don't get Taylor Swift
It's one thing to say you like Taylor Swift and her music, but don't blame CNN's AJ Willingham's when she says she just 'doesn't get' the global phenomenon.
Invasive and toxic hammerhead worms make themselves at home in Ontario
Ontario is now home to an invasive and toxic worm species that can grow up to three feet long and can be dangerous to small animals and pets.
Harvey Weinstein hospitalized after return to New York from upstate prison
Harvey Weinstein’s lawyer said Saturday that the onetime movie mogul has been hospitalized for a battery of tests after his return to New York City following an appeals court ruling nullifying his 2020 rape conviction.
'We are declaring our readiness': No decision made yet as Poland declares it's ready to host nuclear weapons
Polish President Andrzej Duda says while no decision has been made around whether Poland will host nuclear weapons as part of an expansion of the NATO alliance’s nuclear sharing program, his country is willing and prepared to do so.
Central Alberta queer groups react to request from Red Deer-South to reinstate Jennifer Johnson to UCP caucus
A number of LGBQT+2s groups in Central Alberta are pushing back against a request from the Red Deer South UCP constituency to reinstate MLA Jennifer Johnson into the UCP caucus.