Ottawa's apartment vacancy rate at 11-year high, rents also rise: CMHC + MORE Dec 19th

As 2016 approaches, Canadians may be seeking new careers, new haunts, and new communities.

They may want to buy new homes in different cities. Others are content with renting.

But how much does it cost to rent in another Canadian city? Rentseeker has some answers.

The Canadian website that advertises rentals in various cities has published a new infographic showing just how much it costs to rent across the country. It’s the second time this year that the website has released such a graphic.

Rentseeker came up with its numbers by looking at data from Canada Mortgage and Housing Corp. (CMHC) and its own site. And some of the numbers may surprise prospective renters.

While Vancouver is often recognized as Canada’s most expensive city in which to buy real estate, that isn’t always the case for renting. The average monthly rental rate for a one-bedroom apartment there is $1,079, while in Toronto, it’s $1,103.

That’s also cheaper than cities including Calgary ($1,122), Markham ($1,092), Richmond Hill/Vaughan/King ($1,148) and Burlington ($1,126), according to Rentseeker…

Company: Manulife Bank Position: Regional Director of Key Accounts, Mortgage Brokers Location: Vancouver, BC or Calgary, AB Regional Director of Key Accounts, Mortgage Brokers Years of Experience Required: 7-10 years Licences or registrations required: CFA, CFP, PFP, AMP, CIM) preferred How to apply: http://manulife.taleo.net/careersection/External_Global/jobdetail.ftl?lang=en&job=1510941&src=SNS-12700   It’s banking the way it should be.  At Manulife Bank, we believe banking products are an integral part of every Canadian’s financial plan. As an advisor’s bank, we help our clients integrate their banking into a broader financial plan, so that all their financial resources are working toward the same goals. As one of Canada’s READ MORE

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Canada Mortgage and Housing Corp. reports that vacancy rates in the City of Ottawa have hit an 11-year high, as more apartment units flood the market and fewer renters are looking for places to live. Yet, despite the high availability of apartments, average rents have also risen, according to the national housing market watcher. According […]