Ottawa is a diverse city offering a variety of rental options in different types of neighbourhoods all over the city. Whether you want to be close to schools downtown or in a family-friendly neighbourhood in the suburb, you won't have trouble finding a rental to suit your needs. Due to a large government workforce and growing tech sector, there is a steady demand for apartments in both urban and suburban areas.
The good news is, despite increasing rental prices in recent years, Ottawa remains more affordable compared to larger Canadian cities like Toronto or Vancouver. With a range of housing options and a city full of shopping and entertainment, Ottawa is an appealing place to rent.
Here is a comparison of monthly rental prices for one bedroom apartments in major cities across Canada as of April 2024 (Source: CIC News):
Vancouver: $2679
Calgary: $1885
Winnipeg: $1349
Toronto: $2507
Ottawa: $1909
Montreal: $1775
Quebec City: $1353
Halifax: $1971
While you might find some great deals on rent in Quebec or the Prairies, Ottawa rentals are fairly low in comparison to large cities with similar employment opportunities, such as Vancouver and Toronto.
Ottawa’s housing market has several distinctive features compared to other cities in Canada, influenced by factors such as government employment, the city’s slower population growth, and relatively affordable housing options. Here are some key ways it differs:
Rental properties in Ottawa are just as diverse as any other city but there are some considerations to make as well.
Downtown Rentals
Living in the heart of Ottawa is a great option if you want to be close to popular entertainment spots, great restaurants, or even within walking distance of your government job. However, Ottawa University is also located downtown (with Carleton University fairly close by) so the rental demographic is quite mixed between students and young professionals. The cost of renting downtown can be quite expensive but might be worth it if suits your lifestyle.
Suburban Areas
In areas like Kanata, Nepean, and Orleans, apartment buildings are generally larger, with more parking and green space, making them attractive for families or retirees looking to be close to their families. These neighborhoods offer more affordable rentals compared to downtown and are often close to schools and shopping centers.
Transit-Oriented Areas for the Commuter
Ottawa's light rail transit (LRT) system has influenced apartment construction near major stations. Areas like Lebreton Flats, Hurdman, and Blair have seen the development of new apartment buildings catering to professionals who prioritize easy access to public transportation. These are good options for government workers who want a quick and easy commute.
A rental property is essential, so you must know all your options and potential pitfalls. Before you start looking for a rental property, you must consider a few things, such as:
Location
First and foremost, location is vital when looking for a rental property. You should consider the neighbourhood, crime rate, schools, access to public transportation, and nearby amenities. You should also consider the distance to places of employment or recreational activities.
Amenities
Before signing a lease, you should ensure the rental property includes the necessary amenities like laundry facilities, parking, and storage. You may also want to ask about secure entry, common areas or special amenities like gym or pool access.
Condition
The property's condition must be checked before signing a lease. Look for any damages, such as water damage, mould, pest infestations, and structural issues. Ensure the property has been properly maintained and all appliances and fixtures are in good working order. Inquire about whether or not there will be painting or maintenance taking place before you move in. Many landlords will ensure a new coat of paint and a full cleaning before your move-in date.
Property Management
Property management is a critical aspect to consider when signing a lease. Ask the landlord or property manager about their policies for handling tenant complaints and maintenance requests. Find out how they handle tenant screening, rent collection, and evictions. You should also ask for previous tenants' references and their experiences.
Cost
Naturally, the lease cost should be a crucial factor in your decision. You should ask the landlord about the associated costs, such as any deposits or utilities. You may also want to inquire about how often in the recent past rental rates have increased.
Tenancy Agreement
Above all else, ensure you read and understand the tenancy agreement before signing it. This document will outline the terms of the contract, including the length of the tenancy, the rent amount and payment schedule, and other essential details. Ask questions if there is anything you need clarification on, and make sure everything is clear before signing.
Ottawa's rental market definitely has high and low periods due to the number of universities and colleges in the area.
September - October is when the rental market is the least competitive but if you are looking for student housing, you might have some trouble with reduced availability. If you are looking for a higher end apartment, this is probably a great time to start your search.
If you start your search in July or August you will find the market is quite competitive but you might be able to grab a good deal on a place that graduating students are trying to let go of. This is a good time to look for downtown properties.
April - June is peak rental season as students, as well as families with children generally try to time their moves around the end of the school year. While there will likely be a lot of selection, you will have to move quickly.
Organize Everything for the Application Process
Applying for a rental property takes time, so you must have all your documents to make it as smooth as possible. This includes having a valid ID, proof of income, references, and other documents required by the landlord. It’s also important to be prepared to answer any questions the landlord might have about your rental history.
Check your Credit
Use a free website like Borrowell to check your credit score. If you have a great score, make sure to include this with your application even if it isn't being asked for. It can go a long way to show you are responsible with your finances.
Prepare for the Interview
Arrive on time and make sure that you dress professionally. Ask relevant questions about the property and show genuine interest.
Look for Incentives and Discounts
Many landlords offer incentives to attract tenants, such as discounts or bonus months. If you’re looking to save money, it’s worth asking the landlord if such incentives are available. You may also want to inquire about any special offers or deals for long-term leases.
On a related note, you shouldn't be afraid to negotiate. The rental market can be competitive, and landlords may be willing to negotiate on rent, pet fees, and other fees. In short, don’t be afraid to ask for a better deal because it could make the difference between signing a lease and not.
Do Not Be Afraid to Ask Questions
Above all else, do not hesitate to ask questions before signing a lease. Ask about any essential details, such as the lease length, rental amount, and any rules or regulations regarding the property. You should also ask about additional costs, such as utilities, maintenance, or pet fees. Asking questions will help ensure that you are fully aware of all the details before signing the lease.
If you are reading to start your search for a rental, we have a number of luxury apartment rentals available that you should check out.
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