Economists see ‘turning point’ in housing market this year as interest rate cuts loom
After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe the Canadian housing market could be in for a
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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 home sales rise in December as OREB hopes ‘consumer confidence is returning’
Ottawa home sales ticked up slightly in December compared with a year earlier but were still well below the five-year average as higher mortgage rates
‘Darkest before dawn’: Another tough year for office REITs but opportunities may lurk
It’s poised to be another challenging year for office REITs, but some money managers say there could be decent entry points in the sector for
Koble co-founder Marc Morin launches new commercial real estate brokerage
Morin, one of Ottawa’s leading brokers of office and industrial space, didn’t wait long to launch his latest venture after he and former business partner
District Realty CEO says no immediate plans for redevelopment at City Centre
Hintonburg’s Orange Art Gallery will vacate its space at 290 City Centre Ave. at the end of December after the building’s landlords did not renew
Ottawa home prices expected to rise 4.5% in 2024 as pent-up demand grows: Royal LePage
Royal LePage is forecasting the aggregate price of an Ottawa home will rise 4.5 per cent year-over-year by the fourth quarter of 2024, slightly below
Minto Apartment REIT sells remainder of Edmonton portfolio
The sale of the REIT’s last two buildings in the Alberta capital closed last Thursday, Ottawa-based Minto said in a news release Monday.
Surge in newcomers putting pressure on inflation via housing demand: BoC deputy
The recent surge in newcomers is adding to inflation through housing demand, warning rents and home prices could continue to rise without boosting housing supply,
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