Non-Residential

‘We’re here for the long run’: Morguard ‘bullish’ on Ottawa market after buying Kinaxis HQ

The purchase of the five-storey, 163,000-square-foot property in the Kanata West Business Park enlarges Morguard’s total Ottawa portfolio to 5.5 million square feet.

TCC Canada opens new co-working space at former Entrust building in Kanata North

Ottawa-based firm says it’s seeing “big spike in activity” from tech tenants that are downsizing their real estate footprints but still need meeting and collaboration space.

Taggart sells new Kinaxis HQ to Morguard in $64.5M deal

Recently constructed 163,000-square-foot office complex at 3199 Palladium Dr. in Kanata opened to great fanfare in early June.

West-end office building sold to Vancouver firm for $9.35M

The capital’s commercial real estate market continues to see a string of deals even as rising interest rates threaten to stall its momentum. 

Ottawa remains ‘beacon’ for office investors, industry execs say in wake of major sales

Two downtown office towers totalling more than 300,000 square feet at 400 Cumberland St. and 77 Metcalfe St. have sold for a combined $60 million.

‘Dangerously low’ supply of industrial space threatens Ottawa’s status as rising distribution hub: brokerage

Large tenants could start looking at properties in other markets along the St. Lawrence Seaway to address surging demand for warehousing and storage facilities, new report from Colliers says.

Nash Distribution opens first warehouse outside of U.S. in Ottawa

The 5,200-square-foot warehouse, located at 2764B Sheffield Rd., is positioned to serve not only Ottawa, but other nearby metropolitan areas, the company said in a news release.

Veteran broker Zunder’s Decathlon Commercial Realty joins forces with Vancouver-based CDNGLOBAL

A well-known name in Ottawa commercial real estate is rebranding after becoming part of a Canada-wide brokerage network in a bid to tap into new sources of business.

Ottawa’s commercial real estate market to ‘remain vibrant’ in 2022, Re/Max says

Sector is “gaining momentum” thanks to a booming industrial market and a retail industry that’s roared back to life in recent months as pandemic restrictions have lifted, new report says.

Eastern promise: Jennings Real Estate makes move into Atlantic Canada with Halifax acquisition

A blossoming Ottawa-based property management firm has chosen one of Canada’s fastest-growing cities for its first acquisition outside the National Capital Region.
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The narrative surrounding the Canadian tech sector often focuses on boom-and-bust cycles, brain drain, or the historical demise of past giants. But the numbers tell a different story. Driven by evolutionary waves from telecommunications to software-as-a-service, quantum computing, and artificial intelligence, the national technology ecosystem has quietly produced remarkable long-term enterprise value. New research shows that Ottawa tech unicorns have produced at least one billion-dollar firm every single decade, making it the highest per-capita producer of unicorns in the country. Moreso, local tech ventures account for a staggering three-quarters of all-time wealth creation in Canadian tech history, driving $1.4 trillion in wealth over the past 36 years. In this episode of Techopia Live, OBJ publisher Michael Curran celebrates Ottawa Innovation Week by speaking with tech veteran Sasha Gera, chief operating officer of HealWell AI. Gera shares his research and insights from his newly launched ledger, Unicorn North, highlighting how Ottawa stacks up against other major Canadian cities and why it remains the most productive, distraction-free destination for building sustainable, hundred-year companies. Chapters: 00:00 Intro 02:22 Introducing Sasha Gera 14:45 Sponsor Segment 17:57 Innovation Week 25:15 Closing and What’s Ahead at OBJ For more on Ottawa’s tech and innovation scene, visit https://obj.ca/techopia Subscribe to Techopia’s weekly newsletter here: https://obj121.activehosted.com/f/5
Techopia: Is Ottawa the country’s biggest tech wealth generator? | Episode 298

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