Highlights — Ottawa

New Housing Construction

Seasonally Adjusted Total Housing Starts

Housing Starts by Market Type

Housing Starts by Dwelling Type

Sep-26 Chg YTD Chg
Single 240 +158.1% 1,416 +52.1%
Semi-detached 24 -25% 132 -16.5%
Row 308 +118.4% 1,616 +31.6%
Apartment 342 +64.4% 5,004 +3.2%
Total 914 +92.8% 8,168 +14%
Notes:
  • Arrows: indicate the variation from the same period last year
  • YTD: sum of housing starts between January and this month

Under Construction by Dwelling Type

Sep-26 Chg
Single 1,530 +46.1%
Semi-detached 259 +33.5%
Row 1,922 +3.7%
Apartment 14,671 +10.7%
Total 18,382 +12.4%
Notes:
  • Arrows: indicate the variation from the same period last year

Completed and Unabsorbed by Dwelling Type

Sep-26 Chg
Single 146 +18.7%
Semi-detached 33 -2.9%
Row 236 +9.3%
Apartment 27 -44.9%
Total 442 +4.7%
Notes:
  • Arrows: indicate the variation from the same period last year

Historical Inventory of Completed and Unabsorbed Units

Average Absorbed Single-Detached Unit Prices

Due to data suppression in one of the time periods, this infographic cannot be generated.

Composition of Average Absorbed Single-Detached Unit Prices

January - September
2025 982 99 % 4 0 % 3 0 % 0 0 % 1 0 % 2026 746 98 % 5 1 % 4 1 % 1 0 % 2 0 % < $350,000 $350,000 - $449,999 $450,000 - $549,999 $550,000 - $599,999 $600,000+

Rental Market

Vacancy Rates (Apartment)

Primary Rental Market2025
Studio 3.5%
1 Bedroom 3.0%
2 Bedroom 2.9%
3 Bedroom + 2.6%
Total 3.0%
Secondary Rental Market2025
Condominium 0.6%

Purpose Built Rental Universe (Apartment)

Average Rent (Apartment)

2025
1 Bedroom $1,594
2 Bedroom $1,926

Percentage Change of Average Rents from Fixed Sample (Apartment)

2025
1 Bedroom 3.3%
2 Bedroom 3.4%
Notes:
  • Existing Structures Only
  • The Percentage Change of Average Rent is a measure of the market movement, and is based on those structures that were common to the survey for both years.

Economics and Demographics

Population

2025
1,325,788
up
+2.7%
Notes:
  • Arrows: indicate the variation from the previous year
Source: Statistics Canada

Total Net Migration

walking Men
2025
Total:
31,613 persons
-28.3%
Source of Migration 2025
(persons)
Trend
Net International 22,754 -33.9%
Net Interprovincial 3,581 +102.8%
Net Intraprovincial 5,278 -12.9%
Source: Statistics Canada

Total Employment

Q2-2026
706,200
up
+0.9%
Notes:
  • Total Employment of last month in quarter.
  • Arrows: indicate the variation from the same period last year
Source: Statistics Canada

Employment Gains/Losses ('000s)

Notes:
  • Current Year: Changes in Employment between the last month of the quarter, and the annual data for the previous year.
  • Annual: indicates the variation from the previous year
Source: Statistics Canada

Mortgage Rates

Nov-25
1 year 5.84% 5 year 6.09%
Source: Bank of Canada

Notes

Note 1: Colour codes indicate the degree of market vulnerability. The HMA reflects a comprehensive framework that not only tests for the presence or incidence of signals of imbalances (that is, how far the indicator is from its historical average), but also considers the intensity and the persistence of these signals over time. Generally, low intensity and persistence are associated with a lower vulnerability. As the number of persistent signals increases, the evidence of an imbalance increases. Note 2: Results at the CMA level are not segmented by housing type or neighbourhood. They represent an assessment of the entire CMA. However, specific CMA reports provide further detailed analysis of these markets. Note 3: The colour scale extends to red only for those factors that have multiple indicators that can identify imbalances. As a result, only overvaluation and overbuilding can receive a red rating, since they are assessed using more than one indicator. Note 4: To ensure the framework is as current as possible, on a regular basis, we undertake a model selection process whereby our house price models for overvaluation are tested for statistical significance at the national and CMA level. The result of this process may change the number of indicators showing vulnerability from the previous assessment.

<a class="newWindow" href="/hmip-pimh/en/TableMapChart/ScsMasMethodology" target="_blank">CMHC Starts and Completion Survey</a>