OBJ staff

Rising interest rates, ‘buyer frustration’ combine to cool off housing market, OREB says

A total of 1,889 residential properties changed hands in April, the Ottawa Real Estate Board says, a 21 per cent decline from a year earlier and just above the five-year average of 1,849.

Ottawa housing starts hit five-decade high, but still don’t meet demand: CMHC

Builders began work on more than 10,000 new housing units in the capital last year – but that flurry of new construction still wasn’t enough to keep up with city's population growth, agency says.

Introducing Ottawa’s 2022 Forty Under 40 recipients

This year marks the 25th edition of the awards, which have become widely recognized as the region’s most sought-after business accolade for people under the age of 40.  

OSEG floats $330M ‘Lansdowne 2.0’ proposal with new arena, residential highrises

Organization vows that the plan, which also calls for the aging north-side stands at TD Place to be completely rebuilt, would be “tax-neutral.”

Ontario biz group urges province to beef up domestic manufacturing capacity, upgrade training programs

With provincial election looming, the Ontario Chamber of Commerce is also calling for “bold action" to remove barriers to interprovincial trade and make it easier to procure public-sector contracts.

New drive-thru store format is latest to enter crowded cannabis marketplace

In a bid to maximize revenue per square foot and experiment with various store formats, ShinyBud Corp. has opened Ottawa’s first drive-through cannabis store near Carlingwood Shopping Centre.

Falling fortune: Shopify co-founder Tobi Lütke drops from second to 11th on Canada’s rich list

E-commerce software giant's CEO has seen his net worth cut in half in recent months, according to Forbes’ annual ranking of the world’s wealthiest people.

Royal LePage boosts Ottawa home price forecast as supply crunch persists

Firm is now predicting the aggregate price of a home in Ottawa will jump 13 per cent in the fourth quarter of 2022 compared with a year earlier, up from its earlier forecast of nine per cent.

Gatineau building boom continues as National Capital Region housing starts tick up 10% in March

There were 521 new builds launched on the Quebec side of the river last month, up from 182 a year ago, CMHC said Tuesday.

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