Property owner ClubLink wants to partner with Minto Communities and Richcraft Homes to build more than 1,500 homes on the 71-hectare site.
Ottawa homebuilders started work on 450 new dwellings in January, up from 371 starts in the same month in 2020, the federal agency reported this week.
That's up slightly from 10 years ago but still well below the “affordability threshold” of 30 per cent, according to the new report from real estate search portal Point2.
Price ceilings on the rise: Surge in million-dollar sales pushes average Ottawa home value to new heights
Local realtors said 63 properties sold for at least $1 million last month, compared with 16 transactions valued at $1 million-plus in January 2020.
Proposal would see 1,600 residential units constructed at 2 Robinson Ave., about half a kilometre from the University of Ottawa's main campus.
More than 2,300 new rental units were added to the city’s inventory last year, yet the agency estimates that only about 890 of those were actually occupied.
Bayview Hospitality Group's plan calls for three apartment buildings and nearly 200 stacked dwelling units between the Kanata Golf and Country Club and the Kanata Centrum Shopping Centre.
SerCo Realty Group says it plans to add an extra floor to the seven-storey building at 331 Cooper St. and turn the property into a 45-unit rental housing complex.
Developers launched 1,074 new builds last month, according to the Canada Mortgage and Housing Corp., up from 854 starts recorded a year earlier.
After a year that saw home average home prices jump 20 per cent, Ottawa homebuyers can expect little relief in the months ahead, according to a major Canadian real estate brokerage.