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Category: Housing

Affordability

Fate of downtown apartment building on hold as Ottawa council considers fate of tenants

Ottawa City Council has delayed a decision on a proposed development at 219-223 Bank St. and 178 Nepean St., requesting that the developer, Smart Living Properties, address concerns about the displacement of tenants. The council called for a “right to return” agreement, ensuring tenants would be allowed to return to the new units at below-market rates. The issue was raised...
Housing

Climbing rents in Ontario have tenants feeling stuck

With the cost of rent increasing in an already competitive market, tenants face mounting hurdles to secure shelter that fits their needs and budgets.  According to Capital Current’s data analysis from Statistics Canada’s Consumer Price Index (CPI), rent prices in Ontario rose by 7.1 per cent in August 2024, compared to the same time last year. The increase for all...
Community

Council approves demolition of heritage buildings in Lowertown

Ottawa City Council has approved the demolition of three heritage buildings on St. Patrick Street, which the local community association describes as “the poster children for demolition by neglect.” The decision means that the buildings, at 227-229, 231-233and 235-237 St. Patrick St., just west of Dalhousie, can be torn down and the property redeveloped. City staff supported demolition, noting the...
Housing

Canadians remain worried about increasing cost of living, despite inflation easing

New data from the Angus Reid Institute (ARI) shows Canadians remain concerned about the cost of living, despite inflation stabilizing.  Some 60 per cent of those surveyed rate inflation a top concern.  The poll shows 32 per cent of those surveyed are considered “Struggling” on the ARI Economic Stress Index which analyzes financial indicators and measures economic stress. This is...