Real Estate

Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.

Ottawa remains ‘core’ office market for Crown Realty Partners, T.O.-based firm’s executives say

Crown Realty Partners to sell two-tower IBM complex on Riverside Drive

Crown Realty Partners is selling a 100 per cent freehold interest in its two-building office complex at 3755 Riverside Dr., according to a marketing flyer from CBRE, which is brokering the sale on behalf of the owners.

New home sales in Ottawa surge in May, but market still trails 2024’s pace: GOHBA

New home sales in Ottawa rose dramatically last month compared with April, but the number of transactions...

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...
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