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 with October 2019.
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.
Deal equates to $51 per square foot of buildable gross floor area and is part of a larger divestment of its interest in Ontario real estate projects to Woodbourne Capital Management.
Plan calls for 175-unit condo complex with retail space on the ground floor as well as hundreds of other condos, townhomes and single-detached dwellings at Hazeldean Road site.
Firm says businesses in Ottawa pay an estimated $26.64 in property taxes per $1,000 of a property’s assessed value, the fourth-highest rate among country's major cities.