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Overall, rental demand increased in Ottawa as attributable to higher proudly owning costs, weak rental construction markets and increased immigration and youth employment. These changes caused the vacancy rate (the percentage of apartments which usually unoccupied and immediately there for rent) to drop to multiple.3 percent from 3.3 percent in june 2006. Meanwhile, across the river in Gatineau, the vacancy rate climbed to five.2 percent, up from 3.1 percent 1 year earlier. This increase can be credited to the fact that home ownership is still more affordable in Quebec.
Canada's highest average monthly rents for a two-bedroom apartment were Toronto ($1,067) and Vancouver ($1,045), followed by Calgary ($960) and Ottawa ($940). The rents as country put together in Quebec in Trois-Rivieres ($488) and Saguenay ($485).
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