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.

Codeau proposes 16-storey condo tower on Rideau Street

Residential

Developer Codeau Building Ltd. is asking the city to change the zoning for a property on Rideau Street so it can build a 16-storey condominium

Office vacancy rate hits highest point since 2005 during Q4: C&W

Non-Residential

Ottawa’s office vacancy rate climbed to its highest level in nearly a decade during the last quarter of 2013, according to Cushman & Wakefield Ottawa

Developer plans demolition to make way for 30-storey condo on Parkdale

Residential

A developer is asking the city for permission to demolish three residential buildings close to Parkdale and Burnside avenues to make way for a 30-storey

Construction permit values fall 40% in December

Construction

The value of construction permits the City of Ottawa handed out decreased year-over-year last month despite the approval of several high-value row housing projects, municipal

Housing prices see slight bump in December: Teranet

Residential

Housing prices in Ottawa increased slightly year-over-year in December but were down when compared to the month before, according to the Teranet-National Bank Composite Home

Claridge proposes 27-storey condo tower for Centretown

Residential

Ottawa developer Claridge Homes is seeking a zoning change from city hall so it can build a 27-storey condo tower at 287 Lisgar St. By

Condo prices down in Q4 as signs of market slowdown emerge: Royal LePage

Residential

Condominium prices dropped 1.2 per cent year-over-year in the capital in the fourth quarter of 2013, according to a survey by real estate firm Royal

Housing starts in the capital end the year up from 2012

Residential

A jump in December helped push the number of housing starts in the capital up for the year 2013, the Canada Mortgage and Housing Corp.

City plans $9.5M Glebe parking garage project

Construction

The City of Ottawa is in the planning stages for a project that will see nearly $10 million spent constructing a four-storey parking garage in

Ottawa’s office vacancy rate sees ‘substantial increase’ in Q4: Colliers

Non-Residential

Ottawa’s downtown vacancy rate rose several percentage points in the fourth quarter of 2013, according to brokerage firm Colliers International, helping to push down rental