Ottawa Housing and Economic Overview

Ottawa’s housing market continues to be shaped by steady population growth, ongoing demand for rental housing, and longer-term development trends.

Multi-unit and rental construction remain an important part of the market landscape, helping to address housing supply while also influencing inventory levels. At the same time, rental demand remains strong, supporting continued pressure on rents despite new construction coming online.

Ottawa’s economy continues to benefit from a strong technology sector, government stability, and ongoing domestic and international migration. These factors support long-term housing demand, even as affordability and supply remain key issues to watch.

Ottawa’s economy continues to benefit from a strong technology sector, government stability, and ongoing domestic and international migration. Together, these factors support long-term housing demand, while affordability and supply remain important issues to watch.