Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
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.
While the Ontario government's decision to impose new restrictions on the construction industry will hurt some local businesses, it could be a springboard to more growth for others.
Builders in Ottawa continued to start new homes at a brisk pace in March while starts on the Gatineau side of the River fell significantly compared with a year earlier, CMHC says.
The COVID-19 pandemic appears to be slowing activity in Ottawa’s housing market, which seemed primed to continue surging in the first few months of the year
OBJ examines how an unprecedented disruption in regular business activity will severely impact the city’s real estate sector, especially retail and office leases