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The Ottawa Real Estate Board says home sales and prices ticked up in July compared with the same month last year – but transactions and new listings have been slowing as summer goes on amid further interest rate hikes.

Founded in 2010, Relogix makes sensors that track office occupancy, measuring how often spaces such as desks, boardrooms and communal areas are either being used or sitting empty.

Sarah Vandenbelt has joined the Paradigm Commercial Group of Companies as founder and CEO of Paradigm Commercial Real Estate and Brokerage, the firms announced last week.

A much-anticipated report from the Downtown Revitalization Task Force is in its final stages, though it remains unclear when the findings will be shared. 

"As the tech scene seemed to gain momentum pre-pandemic, the post- pandemic era now brings uncertainty, urging us to examine the issues that have led to this concerning situation," writes Sacha Gera.

Solace says it expects to hire up to 150 new employees over the next two years after landing $10 million in federal funding to expand its software platform.

Brigil is adding to its growing pipeline of mixed-use development proposals in Ottawa with a plan to build two highrises comprising nearly 600 apartments on Richmond Road.

Ottawa’s industrial vacancy rate more than doubled in the second quarter compared with a year earlier as some tenants began moving into newer buildings with smaller footprints, Avison Young says in its latest market report.

Software powerhouse Kinaxis announced last week that Margaret Franco has joined the firm as its chief marketing officer.