Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
While most experts say industry is likely to struggle even after social distancing measures are relaxed, others argue sector could play key role in helping companies safely resume operations.
The proposed towers are part of Claridge’s East Flats project, which calls for up to five highrises that will include more than 1.5 million square feet of residential space.
The REIT said it had collected 97 per cent of this month’s total rent owing as of April 14, which it called “a level consistent with its normal collection cycle.”
Home sales in Ottawa plummeted more than 60 per cent in the first two weeks of April compared with a year earlier, while a major realty firm is predicting prices will remain stagnant through the rest of 2020.