Ottawa’s commercial real estate professionals and other industry watchers are among the most confident in their local market compared with their peers from across the country, according to PwC
Ottawa’s largest independent commercial real estate brokerage has been sold to a U.S.-based industry giant.
Avison Young notes that the pace of activity thus far in 2018 has been greater year-over-year across most asset classes, with $610 million worth of property changing hands.
Wesley Clover officials say as many as 25,000 people would be expected to attend each day of a country music festival Live Nation Canada is reportedly proposing for the site on June 29 and 30, 2019
Business group calls for regular updates on multibillion-dollar project after survey points to widespread ‘concern’ about plan’s long-term prospects
Total investment sales expected to reach $2B in 2018.
Group expected to bring together urban planners, architects, engineers, lawyers and academics with an interest in planning and development issues.
Despite limited sale activity in the second quarter, investor demand for commercial real estate assets in Ottawa remains strong.
Purchase price is approximately four per cent less than market value.
Experts say scarcity of existing buildings could spark speculative builds.