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
Solar storm puts on brilliant light show across the globe, but no serious problems reported
A powerful solar storm put on an amazing skyward light show across the globe overnight but has caused what appeared to be only minor disruptions to the electric power grid, communications and satellite positioning systems.
'It was violent': Police tear down U of A pro-Palestinian encampment Saturday morning
Multiple people at the protest camp torn down at the University of Alberta campus Saturday say police's actions against protesters were "violent" and "disproportionate."
'I am angry': Alberta farmers will continue fight over world class motorsport resort
The rolling hills leading to the hamlet of Rosebud are dotted with sprawling farms and cattle pastures -- and a sign sporting a simple message: No Race Track.
'My family doctor just fired me': Ontario patients frustrated with de-rostering
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
Potentially toxic chemicals hide in our drinking water and countless household objects, and they're not going anywhere
For decades, North Bay, Ontario's water supply has harboured chemicals associated with liver and developmental issues, cancer and complications with pregnancy. It's far from the only city with that problem.
Suspect sought after fatal slashing in downtown Toronto
Police are searching for a suspect in a homicide investigation after a man was slashed in downtown Toronto on Sunday.
Canada Post cracks down on Nunavut loophole to get free Amazon Prime shipping
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
'Increased fire activity' expected for Fort Nelson, B.C., blaze
A wildfire near Fort Nelson, B.C., that forced thousands to flee their homes grew almost 800 hectares overnight Saturday, according to officials.
Blinken delivers some of the strongest U.S. public criticism of Israel's conduct of the war in Gaza
Secretary of State Antony Blinken on Sunday delivered some of the Biden administration's strongest public criticism yet of Israel's conduct of the war in Gaza, saying Israeli tactics have meant "a horrible loss of life of innocent civilians" but failed to neutralize Hamas leaders and fighters and could drive a lasting insurgency.