Here's how much it costs to rent an apartment in Ottawa this fall
The cost of renting an apartment in Ottawa dropped in October, with lower rental rates for bachelor and two-bedroom apartments.
Real Estate | CTV News Ottawa
Market Updates
Bennett Real Estate Rundown: Stittsville
Taylor Bennett joined us in studio this morning to show us a bit of what is on the market this morning.
'Positive movement' in Ottawa's real estate market in October with home sales up nearly 50%
Ottawa home sales increased nearly 50 per cent in October, as "consumer confidence is getting stronger' following a fourth cut in interest rates this year.
Here's what you can buy for $729,000 in 8 Ottawa neighbourhoods
CTVNewsOttawa.ca looks at what you can buy for the average Ottawa home price of $729,000 in eight Ottawa neighbourhoods.
'It is significant': Ottawa residents react to interest rate cut
Homeowners with a variable rate mortgage in Ottawa can expect to see some savings thanks to a significant rate cut by the Bank of Canada.
Income required to buy a home in Ottawa drops $6,000 over the summer
A new report from Ratehub.ca shows homebuyers needed an average income of $126,100 in September to buy the average priced home for sale in Ottawa, down from $127,830 in August.
Ottawa housing starts down 10 per cent in 2024, CMHC report shows
The City of Ottawa saw a boost in housing starts in September, but the number of new homes under construction in the capital is still 10 per cent lower than last year's numbers.
Ottawa home prices increase slightly as buyer demand remains weak, report shows
Home prices increased an average of 1.6 per cent in Ottawa over the summer, as buyer demand remained weak and sellers "stick with their listing strategy," according to a new report. However, the Royal LePage House Price Survey is forecasting the aggregate price of a new home increases 4.5 per cent in the final three months of the year as interest rates drop.
Average cost to rent an apartment in Ottawa drops in September
A new report from Rentals.ca and Urbanation shows the average cost to rent an one-bedroom apartment was $2,042 a month in September, down from $2,044 a month in August.
More Real Estate Videos
Hot Properties: Pilon Real Estate Group
Sab Taylor shows us three of the hottest properties available to buy in the Ottawa region.
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More Real Estate News
Canada rent report: What landlords are asking tenants to pay
Average asking rents declined nationally on a year-over-year basis for the first time in more than three years in October, said a report out Thursday.
CMHC says mortgage risks remain as delinquencies creep up, alternative lending grows
Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being issued by alternative lenders.
Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million
Conservative Leader Pierre Poilievre has written to the provinces' premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.
Where should Canada look to improve its housing situation? The answer may shock you
Housing experts argue widespread adoption of government-supported affordable housing, the growth of alternative models like co-operatives and co-housing, and the increased use of advanced building techniques could all play a role in improving Canada's housing system.
With condos not selling, Canada faces worsening home ownership crisis
Canada's home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically low levels, stalling the funding needed for construction, half a dozen economists and realtors told Reuters.
StatCan latest wealth survey shows stark disparity between homeowners, renters
Statistics Canada's latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what's owned by Canada's richest families.
Fewer young Canadians own homes but majority planning to buy within five years: poll
A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five years.
High cost of groceries, rent squeezing Canadians: poll
High grocery and rental costs are squeezing lower-income Canadians even as inflation trends downward, a new survey suggests.
LISTEN: Open House - The Real Estate & Mortgage Show on 580 CFRA
National Real Estate Videos
Rental Market
Feds seek to convert dozens of government properties for affordable housing
The federal government has added 56 properties to a new public lands bank of locations that are suitable for long-term leases so developers can build housing, a move the Housing Minister says will help boost the supply of homes Canadians can afford.
Rent in Canada now averaging $2,201 per month, with some markets seeing big jumps
Rents are still rising in Canada but the year-over-year pace of growth has slowed, according to a new report.
Canada's landlords now asking an average of $2,185/month for rent
A new report says the average asking rent for a home in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months.
More rental housing development needed despite recent rise: RBC economist
Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report.
Skyrocketing rent: Some Canadians saying goodbye to half their paycheque
A significant number of Canadian renters are spending more than half their paycheque putting a roof over their head, according to a new Royal LePage report.
Average asking rental price in Canada reaches record high: report
The average asking rental price in Canada surpassed $2,200 to reach a record high in May, according to a new report.
Here's what Trudeau says the upcoming federal budget will offer renters
The federal government will create a new 'Canadian Renters' Bill of Rights,' which would require landlords to disclose their properties' rental price history to prospective tenants.
Rental demand from international students will slow this year, but won't fall: RBC
RBC says the recently announced cap on new study permits won't lead to an outright decrease in demand for rental housing from international students this year.
EXPERT CORNER
High stakes for homeowners facing choice between fixed- or variable-rate mortgage
Deciding between a fixed- or variable-rate mortgage has always been a challenging choice for borrowers looking to buy a home or renew a loan, but with interest rates sitting at levels not seen in decades, the stakes are especially high.
OPINION
OPINION New to Canada? Here's your guide to purchasing or renting your first home
Navigating Canada's real estate market can be daunting for new immigrants, especially amid an affordable housing crisis. Personal finance columnist Christopher Liew outlines the documentation newcomers will need to rent or purchase a home in Canada, and some key expenses to budget for.
WATCH
WATCH Canada on 'the razor's edge' of a recession, warns economist
After the Bank of Canada held its key interest rate at five per cent, an economist says that inflation will be the key factor in determining whether more rate hikes are coming, and warns that a recession is a real possibility.
Home ownership got a tiny bit more affordable at start of 2023 — but housing crisis still raging: RBC report
It recently got a tiny bit more affordable to own a home in Canada — but according to RBC economists, the affordability crisis is still raging in many parts of Canada.
From an aggregate price of $809K to the market correction, report looks at real estate trends in Canada
A new report has found that buyer demand for homes is remaining strong in Canada despite borrowing rate hikes — and the market may be stabilizing after the pandemic boom.
opinion
opinion Canada can dodge a recession, but it could still happen; here's why
In his column for CTVNews.ca, personal finance contributor Christopher Liew outlines how Canada might avoid a recession, as well as some risks that could contribute to one.
What happens if you only pay interest on your home?
As elevated interest rates hit the housing market, some people have been extending their amortization period out several decades and are only paying interest on their homes.
opinion
opinion Should you take advantage of the First Home Savings Account?
Personal finance contributor Christopher Liew explains how First Home Savings Accounts work, who’s eligible for the program, and outlines the contribution rules.
GTA Housing Market
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Canada
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Father, 2 children missing from northern B.C may be travelling to Alberta: RCMP
Mounties in B.C. are asking the public for help locating a father and his two children who have not been seen since Friday.
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Ottawa family heartbroken after being scammed over $22K on fake Taylor Swift tickets
A few weeks ago, they learned the tickets they booked last August were never real.
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Careless driving charge laid against Ottawa bus driver after Hwy. 417 crash
Ontario Provincial Police say an OC Transpo bus driver was charged with careless driving after a three-vehicle crash on Highway 417 in Ottawa.
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Two people killed in boating accident near Walpole Island First Nation
OPP have confirmed that two people were pronounced dead at the scene of a single vessel collision, which took place at 5:55 p.m. Saturday evening.
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Military says more Canadians enlisting as second career amid recruitment struggle
Working on a military truck, within the logistics squadron of CFB Kingston, Private Charlotte Schnubb is elbows deep into an engine with a huge smile on her face.
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Winnipeg man charged with biting police officer during investigation
Winnipeg police have charged a man after an officer was bit during an investigation earlier this year.
World
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Trump names Brendan Carr, senior GOP leader at FCC, to lead the agency
U.S. President-elect Donald Trump on Sunday named Brendan Carr, the senior Republican on the Federal Communications Commission, as the new chairman of the agency tasked with regulating broadcasting, telecommunications and broadband.
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2 killed, 9 wounded in shootings in New Orleans near parade route
New Orleans police were investigating after two people were killed and nine others were wounded in two separate shootings Sunday along a parade route, authorities said.
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Biden authorizes Ukraine's use of U.S.-supplied long-range missiles for deeper strikes inside Russia
U.S. President Joe Biden has authorized Ukraine to use U.S.-supplied long-range missiles to strike deeper inside Russia, easing limitations on the weapons.
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Trump's Pentagon pick paid woman after sex assault allegation but denies wrongdoing, his lawyer says
Pete Hegseth, U.S. president-elect Donald Trump's pick for defense secretary, paid a woman who accused him of sexual assault to head off the threat of a baseless lawsuit, according to Hegseth's lawyer.
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A gold pocket watch given to the captain who rescued Titanic survivors sells for record price
A gold pocket watch given to the ship captain who rescued 700 survivors from the Titanic sold at auction for nearly US$2 million, setting a record for memorabilia from the ship wreck.
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Biden becomes the first sitting U.S. president to visit Amazon rainforest
Joe Biden toured the drought-shrunken waters of the Amazon River’s greatest tributary Sunday as the first sitting American president to set foot in the legendary rainforest.
Lifestyle
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Canadian baby and toddler sleepwear recalled, risk of catching fire: Health Canada
Hundreds of organic baby- and toddler-sized rompers sold by an Ontario-based sustainable clothing company have been recalled over concerns they could catch fire and injure children, according to Health Canada.
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National Park badges surface at Point Pelee after nearly 100 years
A piece of national park history surfaced at Point Pelee National Park this week – a pair of parks badges from 1939 and 1940.
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Seniors face unique hurdles in finding love. These Canadians want to help.
The four women sipping tea around an antique wooden table in rural Newfoundland said they weren't looking for much in a mate: kindness, humour, a good sense of fun and, ideally, a full set of teeth.
Sports
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Toronto Argonauts defeat Winnipeg Blue Bombers to win 2024 Grey Cup
The Toronto Argonauts defeated the Winnipeg Blue Bombers 41-24 in the 111th Grey Cup at B.C. Place in Vancouver on Sunday.
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Prince Harry makes surprise Grey Cup appearance in Vancouver
Prince Harry surprised football fans Sunday, appearing at the Grey Cup in Vancouver before the Toronto Argonauts took on the Winnipeg Blue Bombers.
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WNBA corporate sponsorship deals are growing. But not every athlete is getting their due
In a banner year for women's professional sports, athletes who dominate their game are reaping the financial benefits.
Business
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New Indigenous-owned mining royalty company a first in Canada
In June of this year, a new company called Nations Royalty Corp. began trading on the TSX Venture Exchange.
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October inflation expected to show mild bump up despite longer-term downward trend
The latest inflation reading due out Tuesday from Statistics Canada is expected to show a slight uptick for the month of October — but economists say the measure is still on a longer-term downward trend.
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Boeing issues layoff notices to 400-plus workers as it begins drastic cuts
Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned.
Autos
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W5 InvestigatesW5 Investigates Car security investigation: How W5 'stole' a car using a device we ordered online
In part two of a three-part series into how thieves are able to drive off with modern vehicles so easily, CTV W5 correspondent Jon Woodward uses a device flagged by police to easily clone a car key.
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'You couldn't open the door': Concerns over awareness of and access to Tesla emergency latch after 4 killed in Toronto, 5 killed in Wisconsin
When a Tesla crashed on Lakeshore Boulevard in Toronto last month, the first people on scene knew there were occupants inside but couldn't immediately get them out.
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Nearly 80 per cent of Canadians use winter tires: survey
Almost four out of five Canadian drivers switch to winter tires when the weather calls for them, according to a new survey.
Entertainment
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Taylor Lautner hilariously reignites the Edward vs. Jacob debate from 'Twilight'
Actor Taylor Lautner is reviving the 'Twilight' saga love triangle debate of the late aughts in a very 2024 way.
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Apparent Taylor Swift ticket scam targets hundreds who claim to be out $300K
An apparent scam allegedly targeting roughly four hundred people, many of whom based out of Burlington, Ont., claim to be out approximately $300,000 in total after believing they were purchasing Taylor Swift tickets in Toronto, but never receiving them.
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Dwayne Johnson's US$200 million+ Christmas pic opens to US$34.1 million
Moviegoers were not exactly feeling the Christmas spirit this weekend, or at least what 'Red One' was offering. The big budget, star-driven action comedy with Dwayne Johnson and Chris Evans sold US$34.1 million in tickets in its first weekend in theaters, according to studio estimates Sunday. It easily topped a box office populated mostly by holdovers.
Health
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E. coli outbreak linked to organic carrots leaves 1 dead and dozens sickened across the U.S.
The US Centers for Disease Control and Prevention is investigating an E. coli outbreak in at least 18 states linked to some organic carrots, which has led to at least one death.
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Doctors say RFK Jr.'s anti-Ozempic stance perpetuates stigma and misrepresents evidence
Robert F. Kennedy Jr. has pledged to tackle high rates of chronic diseases such as diabetes and obesity as President-elect Donald Trump's pick to lead the US Department of Health and Human Services. They’re goals that many in the public health world find themselves agreeing with — despite fearing what else the infamous anti-vaccine activist may do in the post.
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How a decades-old unsolved murder case changed the way we consume medicine
Mary Kellerman, a 12-year-old girl from Illinois, told her parents she was feeling sick on the morning of Sept. 29, 1982. She wanted to stay home from school. After taking one Tylenol capsule, Mary collapsed on the bathroom floor. She died shortly after.
Politics
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Trudeau says he could have acted faster on immigration changes, blames 'bad actors'
Prime Minister Justin Trudeau says the federal government could have acted faster on reining in immigration programs, after blaming 'bad actors' for gaming the system.
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Danielle Smith '1,000 per cent' in favour of ousting Mexico from trilateral trade deal with U.S. and Canada
Alberta Premier Danielle Smith says she agrees it could be time to cut Mexico out of the trilateral free trade agreement with Canada and the United States.
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Parliament on the road to an unprecedented confidence crisis, but there are off-ramps
If no political party is willing to say uncle, the drawn-out stalemate in the House of Commons is heading for an unprecedented situation that could amount to a tacit lack of confidence in the government, without anyone in Parliament casting a vote.
Sci-Tech
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Thinking about quitting social media? There may be another option, B.C. researcher says
Strategies for mitigating the negative mental health effects of social media tend to focus on reducing time spent scrolling, according to a B.C. researcher, who says there may be a way to limit the harm without logging off.
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What is Bluesky, the fast-growing social platform welcoming fleeing X users?
While it remains small compared to established online spaces such as X, Bluesky has emerged as an alternative for those looking for a different mood, lighter and friendlier and less influenced by Musk.
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Long-lost ocean worms photobomb tiny seahorses, surprising scientists
A species of marine worm that scientists lost sight of for almost 70 years has finally resurfaced, thanks to some eagle-eyed sleuthing and a seahorse less than an inch long. When researchers analyzed images of tiny seahorses taken by scuba divers, they found evidence of photobombing worms in the hundreds, living alongside the seahorses in coral colonies from Japan to Australia.