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.

Zibi contractor starts work on creating First Nations labour pool

Construction

About 25 tradespeople from the Kitigan Zibi reserve near Maniwaki toured the Zibi site at Chaudiere Falls Monday, exploring potential employment opportunities with the Windmill

Low risk for Ottawa housing market correction: CMHC

Residential

Ottawa’s housing market faces only a low risk of market correction, according to a Canada Mortgage and Housing report released Thursday. The low risk in

Office vacancy rate inches up in downtown, drops in Kanata: Avison Young

Non-Residential

It has been a “rougher ride” than usual for the Ottawa office market, according to a report released by Avison Young on Wednesday. The property

City’s retail market hit hard by Target, Future Shop departures: report

Non-Residential

Ottawa’s retail market has yet to recover from the departures earlier this year of Target Canada and Future Shop, according to Cushman & Wakefield’s second-quarter

Ottawa housing market steady in July: OREB

Residential

Sales in July were a near carbon copy of the same month in 2014 for members of the Ottawa Real Estate Board, its president said

Ottawa Art Gallery expansion, Arts Court redevelopment construction begins

Construction

Construction officially began Wednesday on the Ottawa Art Gallery expansion and the Arts Court redevelopment. The city announced it had closed an agreement with the consortium

InterRent REIT making “positive strides”: CEO

Residential

InterRent REIT’s second-quarter gross rental revenue increased 29.6 per cent from the same period a year earlier, the Ottawa-based company said Wednesday. “Our customer centric

Morguard proposes new hotel, apartment at 361 Queen St.

Construction

After 18 months of speculation about what will happen to one of Ottawa’s prime downtown real estate properties, developer Morguard says it is proposing to

Class A, Class B vacancy rates hit 6.5 per cent downtown: market survey

Non-Residential

Downtown Ottawa’s Class A and Class B office buildings continue to see their vacancy rates rise, according to the Newmark Knight Frank Devencore Real Estate

ByWard Market’s Mercury Court sells for $22 million

Non-Residential

A private investor has purchased a landmark ByWard Market property for $22 million, Primecorp Commercial Realty announced late Tuesday. Mercury Court is a 51,459-square-foot, three-storey