The aggregate price of a house in Ottawa rose 11.7 per cent in the second quarter of 2020 compared with a year earlier, Royal LePage says, but some relief could be in sight.
Single-detached starts last month matched June 2019's tally, while the number of multi-unit builds inched up from a year ago.
The two towers would feature a total of 391 rental apartment units, with 180 suites in the 12-storey highrise and 211 units in the 11-storey building.
Average sale price jumps 15% to $575K
Massive industrial building will have footprint of 450,000 square feet and feature multiple levels, company says.
Report suggests Ottawa remains an affordable market relative to other Canadian cities, despite rapid price appreciation in recent years.
E-commerce giant says 450,000-square-foot facility in the Citigate Business Park will create more than 1,000 full-time jobs.
Crown corporation was scheduled to launch the development process for property at 665 Albert St. earlier this spring.
Citywide office vacancy rate increases to 7.2%, according to report providing one of the first looks at the performance of the local commercial real estate market during the pandemic.
Report predicts weaker demand for homeownership due to job and income losses.