Real Estate

Home construction must double over next decade to restore 2019 affordability: CMHC

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.

Ottawa home sales surge in May as buyers are ‘gaining confidence’: OREB

The Ottawa Real Estate Board says homebuyers “appear to be gaining confidence” as home sales rose significantly...

‘Big groups’ looking to potentially relocate to offices downtown, new C&W exec Whiting says

While the gap between the haves and the have-nots among Ottawa’s downtown office landlords is showing few...

RioCan REIT to sell stake in Ottawa apartment buildings for $136M

RioCan Real Estate Investment Trust has agreed to sell its stake in three Ottawa apartment buildings for...

CLV Group, Singapore firm make $4B offer to acquire Ottawa’s InterRent REIT

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 proposes multi-tower mixed-use community near St. Laurent Shopping Centre

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.

Builders’ group calls for government action as new home sales in Ottawa plummet in April

New home sales declined sharply in Ottawa last month, prompting a major homebuilders’ group to call for...

Montreal-based furniture retailer Cozey coming to Rideau Street as Urban Outfitters leaves

Montreal-based Cozey has leased nearly 3,700 square feet of space on two floors at 137 Rideau St.

Developers’ group hopes proposed law will make Ottawa ‘more attractive’ for homebuilders

While the pace of multi-family housing starts is trending upward in Ottawa, the leader of the city’s...

Kawartha Dairy to set up drive-through shop at former Tim Hortons near Carlingwood mall

Kawartha Dairy, known for its Canadian-made ice cream, is opening its first Ottawa location in the city’s...

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