Ottawa-specific coverage of local business news, including tourism, retail, transportation, city hall and more. Issues related to human resources and philanthropy are often featured.
Housing starts in the region dropped 15 per cent last year from 2023, prompting Ottawa Mayor Mark Sutcliffe to tell homebuilders that the city will be establishing a task force to find ways to cut red tape on the housing approval process and shave as much as two months off application timelines.
Tenants trading up to smaller, more modern and well-equipped spaces are fuelling a widening gulf between the haves and have-nots in the National Capital Region’s office market, the new managing director of CBRE’s Ottawa office says.
Monthly visits to the ByWard Market for the last quarter of 2024 exceeded numbers seen in 2019 for the same time period, suggesting a “strong upward trend,” according to the ByWard Market District Authority.
The number of homes that changed hands across the country in December was up 19.2 per cent compared with a year earlier, as the Canadian Real Estate Association says a strong fourth quarter bodes well for a rebound in sales in 2025.
According to CBRE’s 2025 real estate market outlook released Tuesday, there was no new inventory added to Ottawa’s retail footprint in 2024 and just 90,000 square feet of new construction the previous year.
A new year means new goals for Ottawa business leaders, many of whom are reaching for new heights in 2025. OBJ asked a number of people across different industries to break down what they’re hoping to achieve over the course of the next 12 months.
The aggregate price of a home in Ottawa will increase four per cent in the fourth quarter of 2025 compared to the same quarter last year, according to a forecast from Royal LePage released today.