Market Report
Ottawa Multifamily Market Report
3Q 2025
Long-Term Demand Drivers Will Help Offset
Short-Term Pressures Over the Coming Years
Development concentrated in select nodes. Ottawa’s multifamily construction pipeline is at its highest on record, with projects increasingly centered around select areas. Westboro, Hintonburg and Little Italy are seeing significant construction due to their proximity to Confederation Line stations. These areas not only benefit from transit expansion but also existing zoning for mid-to-high density, walkability, mixed-use character appealing to young professionals and targeted intensification incentives from the City of Ottawa. At the same time, other areas such as Blair, St. Laurent, South Keys and Riverside South are emerging rental nodes due to improved transit access amid Ottawa’s stage two LRT expansion. Lastly, suburban intensification is also underway. Submarkets like Kanata and Barrhaven – which hold a large tech workforce and will benefit from future transit connectivity – are seeing infill mid-rise rental projects.
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