OBJ staff

Sales worth $1 million or more now account for nearly one in five Ottawa residential transactions – up from less than five per cent just two years ago, Engel & Volkers says.

The capital’s commercial real estate market continues to see a string of deals even as rising interest rates threaten to stall its momentum. 

The Ottawa business community turned out to the World Partnership Golf tournament in support of the Aga Khan Foundation Canada, which aims to end cycles of poverty in Africa and Asia.

Firm says it now expects the aggregate price of a home in Ottawa will be up 10 per cent in the fourth quarter of 2022 compared with a year earlier, down from its previous forecast of 13 per cent.

The competition is a unique opportunity for local enterprises to be recognized for substantial, sustainable and profitable growth.

That marks the lowest rate in at least two decades and comes even as the local economy's job-creation engine stalled last month.

Members of the Ottawa Real Estate Board sold 1,508 residential properties last month, a drop of nearly 30 per cent from June 2021.

If you live in some of the more rural or remote regions of our province, the topic of high-speed internet access can be a thorny one. This edition of the Eastern Ontario Business Journal Podcast digs into this issue.

Builder known for its environmentally friendly projects wants to construct three buildings with a total of 510 residential suites near the northwest corner of Richmond Road and the SJAM Parkway. 

Last year’s biggest locally based revenue gainer, e-commerce powerhouse Shopify, lost that title to the Royal Canadian Mint, which saw its revenues soar 73.9 per cent to $2.5 billion in 2021.