Market Report
Ottawa Multifamily Market Report
3Q 2026
Demographic and Employment
Headwinds Shape Near-Term Rental Outlook
Rental demand facing hurdles. Ottawa’s multifamily sector is expected to face softer renter demand in the near term as population growth stalls and labour market conditions moderate. Federal reductions in temporary residents are projected to keep population growth roughly flat through 2027, limiting a key driver of unit demand. At the same time, planned federal public-sector job cuts are expected to weigh on employment growth and household formation. While Ottawa’s diverse economy and relatively stable institutional base should support longterm housing demand, these demographic and labour market headwinds are likely to temper near-term rental performance.
TO READ THE FULL ARTICLE
