OBJ staff

InterRent REIT seeing ‘strong results’ despite pandemic, Ottawa firm says

Residential

InterRent’s funds from operations – a key cash-flow metric for REITs – rose 7.6 per cent year-over-year to $17.2 million in the third quarter.

Porter pushes back restart until February as pandemic continues to batter airline industry

Tourism

Toronto-based carrier blamed the latest deferral on a recent surge in COVID-19 cases and ongoing travel restrictions aimed at curbing the spread of the virus.

Ottawa-based firm reels in $182M deal with Royal Canadian Navy

Defence and Security

Contract is for six years plus an option for six more.

Ottawa-Gatineau’s unemployment rate falls to 8.1% in October as labour force shrinks

Ottawa

Region’s economy shed some 2,700 net jobs last month, Statistics Canada says.

Kingston boat manufacturer wins $7.2M Coast Guard contract

Eastern Ontario Business Journal

MetalCraft Marine Inc. will build 24 barges as part of federal government’s $1.5-billion Oceans Protection Plan.

OREB eyes ‘shift’ away from condos as home sales keep booming in October

Residential

While sales of condominiums rose 22 per cent year-over-year to 481, the number of new units added to the market jumped 70 per cent compared

Pomerleau wins contract to construct new British High Commission building

Construction

The $35-million project to replace the existing U.K. diplomatic headquarters at 80 Elgin St. is expected to be completed in 2022.

2020 Best Ottawa Business Awards recipients revealed

Ottawa

List of this year’s best in Ottawa business includes a massive real estate deal, several up-and-coming tech firms and Canada’s most valuable publicly traded company.