Olde Towne West

Neighbourhood in Russell · Ontario · Population 2,124

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Approximate boundaries

Russell doesn't publish neighbourhood boundaries, so AreaScore draws from the Census areas nearest where the name is placed by Natural Resources Canada, Wikidata, OpenStreetMap or AreaScore's own research. The outline follows Census lines and may not match how residents draw it. Figures marked city-wide are for all of Russell.

Housing and jobs

Housing costs, rents, incomes and jobs in Olde Towne West, with comparisons and sources.

Affordability

47 · Average

Average monthly rent$1,700/month

Russell: $1,284/month · Canada: $1,209/month · 2006: $0/month (estimated) · 2016: $0/month (estimated) (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,332/month

City-wide figure for Russell · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,593/month

City-wide figure for Russell · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,916/month

City-wide figure for Russell · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,090/month

City-wide figure for Russell · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3.1%

City-wide figure for Russell · CMHC, 2025

Median dwelling value (owner-estimated)$579,104

Russell: $552,000 · Canada: $472,000 · Estimated · 2016: $398,990 (estimated) (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing8.2%

Russell: 11.8% · Canada: 20.9% · 2006: 10.5% (estimated) · 2016: 14.3% (estimated) · Statistics Canada, 2021

Economy

98 · Excellent

Median household income$137,952

Russell: $123,000 · Canada: $84,000 · Estimated · 2006: $133,195 (estimated) · 2016: $126,657 (estimated) (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)18.6%

Canada: 5.2% · City-wide figure for Russell · Statistics Canada, 2021

Unemployment rate2.6%

Russell: 5.4% · Canada: 10.3% · 2006: 2.4% (estimated) · 2016: 2.3% (estimated) · Statistics Canada, 2021