Single-detached homes announced for 29.5 per cent of all new housing starts in Ottawa, up from 26.4 per cent of all starts in 2020.
Staff say the larger Ottawa-Gatineau area ranked fifth in "absolute housing starts" among Canada's six largest metropolitan areas in 2021, with 13,280 units built. While Ottawa-Gatineau saw a 1.9 per cent increase in housing starts last year, Calgary saw a 62 per cent increase in housing starts, followed by Montreal at 18.6 per cent.
A total for 1,401 permits were issued around existing Rapid Transit Stations, while 1,181 units will be built around future LRT stations. Ottawa's Development Report shows the average resale price of a new home was $645,976 in 2021, up 22 per cent from the year before. Ottawa's rental vacancy rate was 3.4 per cent.
Sweet more over priced condos!!