Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand.
InterRent announced Tuesday that CLV Group and Singapore-based investment firm GIC are offering to purchase the REIT for $13.55 per unit, or about $2 billion.
Morguard Corp. has filed a development application for 500 Coventry Rd. that would see a 28-storey highrise constructed on the southeast corner of the property.