Ottawa

As Nordstrom prepares to close at the end of the month, the opening of high-performance apparel and equipment brand Arc’teryx in the CF Rideau Centre is the sort of retailer the mall needs, says one market watcher.

Michael Church, the managing director of Avison Young’s Ottawa office, called the former Chapters space at 47 Rideau St. a “prime” site for a highrise multi-residential project.

When it comes to the future of our city, we have no shortage of smart people, great ideas and goodwill. What we lack is a leader and a plan.

Ottawa Board of Trade is urging government to prioritize the city’s downtown core and work with stakeholders to build a “roadmap to transformation.”

Canada's unemployment rate ticked higher to 5.2 per cent in May, marking the first increase since August 2022 as economists have been watching for any sign of a softening labour market.

Minto Apartment REIT will not exercise its option to purchase a major rental development in the Glebe from sister company Minto Properties because rising interest rates have made the cost of financing the deal too expensive, the Ottawa-based REIT said this week.

The departure of Nordstrom from the Rideau Centre this month could open the door to new types of tenants as malls shift from traditional mainstays to more “experiential” businesses like spas and entertainment venues, real estate experts say.

Ottawa Boat Cruise has launched its second all-electric passenger vessel on the Rideau Canal and plans to convert its entire fleet by 2026.

Small businesses and tourism operators in Ottawa are seeing visitors cancel tours and avoid sightseeing around the city amid lingering clouds of smoke and poor air quality from wildfires burning in Ontario and Quebec. 

Rhodes & Williams Ltd., an Ottawa-based insurance broker established in 1935, has been acquired by global property and casualty broker NFP.