Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
A B.C.-based developer wants to add to the growing stock of multi-residential housing in Ottawa’s far west end with a proposed six-storey apartment building near the Canadian Tire Centre.
A portion of one of the east end’s largest office complexes could be added to a list of federal government properties earmarked for potential conversion into housing.
The possible liquidation of Hudson's Bay is also bringing into question the future of its huge retail footprint, including in Ottawa, and highlighting the exposure other companies have to its potential downfall.
Uncertainty continued to plague the Ottawa residential housing market in February, with sales down from the year-ago period and below the five- and 10-year averages for the month.
In a site plan application recently filed with the city, Wesley Clover International, which owns the hotel, The Marshes Golf Club and the adjoining office property at 535 Legget Dr., says the repurposed 11-storey tower will contain 115 rental apartments and about 4,300 square feet of ground-floor office space.
With increasing costs and economic uncertainty, many small business owners are in need of flexibility when it comes to their work space, according to Christian Campanale, president and owner of Ottawa developer Evospace.
Warren Wilkinson, senior managing director of Colliers’ Ottawa office, told a crowd of real estate insiders it’s too early to predict how the trade dispute between Canada and the U.S. will play out for the industry.