Despite the growing size of a typical mortgage, fewer Ottawa residents are finding themselves in arrears.
Development proposal calls for three highrise buildings of 59, 55 and 50 stories that would feature a mix of office, retail and residential space.
The property is within walking distance of the existing Billings Bridge Transitway station, which is slated to also become the endpoint of a new rapid transit corridor running along Baseline Road.
Rental apartments drive increase as homebuilders diversify
More condo owners are bringing units to market as oversupply wanes
Local developer already owns five retirement residences, with two more under construction in Kanata and Vanier. Another is planned for Hunt Club Road.
A shortage of listings and a surge in demand in putting upwards pressure on home prices in Ottawa, Royal LePage said Thursday.
I think it’s fair to say that Ottawa is not exactly renowned for having a plethora of great companies.
The busy year continued for Ottawa homebuilders in June as local developers posted double-digit increases in housing starts over last year, according to the Canada Mortgage and Housing Co
Fewer Ottawa homeowners are putting their properties up for sale, but that’s not taking any steam out of the local real estate market, new figures show.