OBJ staff

Ottawa’s Hexo revises share consolidation plan as stock price on NYSE rises

Ottawa

The firm said Monday it has amended the offer to one post-consolidation share for every four shares held.

Richcraft plans pair of residential highrises near corner of Bank and Lisgar

Residential

The development would include a total of 521 suites in a mix of studio, one-, two- and three-bedroom units, plus underground parking with paid spots

OSEG vows to keep Redblacks, 67’s at Lansdowne for decades to come

Sports and Entertainment

OSEG managing partner and executive chairman Roger Greenberg made the pledge in a letter to Mayor Jim Watson and Coun. Mathieu Fleury on Monday.

Ottawa-Gatineau’s unemployment rate drops to 7.1% in November as labour force shrinks

Ottawa

That’s the lowest the rate has been since April, when it stood at 6.9 per cent in the early days of the COVID-19 crisis.

Condos on OREB’s ‘watchlist’ as inventory jumps in November

Residential

Board says the number of condos listed for sale is 25 per cent higher than a year ago, and properties are staying on the market

Minto Apartment REIT makes first move into B.C. by backing Vancouver-area project

Residential

The REIT is providing $11.9 million for a joint venture between Minto Properties, and a subsidiary of B.C.-based Darwin Properties to build the first phase

Agritech startup reimagines hydroponic farming

Eastern Ontario Business Journal

Technology enables farmers to grow produce year-round in any climate.

Average Ottawa home price to rise 7% in 2021, Re/Max forecasts

Residential

The average sale price of a home in Ottawa was $524,956 in the first 10 months of 2020, brokerage said Tuesday, up 19.2 per cent

City mulls $129M plan to revitalize ByWard Market with pedestrian plazas, new marquee building

Ottawa

According to a city report, the latest proposal aims to be a “roadmap” for reimagining the Market as a more walkable, less traffic-congested neighbourhood.