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.
Firm has appointed Tamara Gauthier, Robert Langlois, Matthew Morkem, Tracy O’Brien, Joël Primeau, Steve Saxton, Sarah Vereault and Jane Wilson associates.
All told, tenants shed nearly 800,000 square feet of office space last year – the highest net negative absorption of real estate in Ottawa since 2002.
Firm said Monday it’s teaming up with Toronto-based Crestpoint Real Estate Investments to acquire 15 properties with a total of 614 suites in Canada’s third-largest city.
The region’s labour force – which includes unemployed people actively looking for work – stood at just under 782,000, well below last January’s pre-pandemic total of about 822,000.