Rental vacancy rate climbs to 2.5%: CMHC
Increasing home ownership levels combined with the city’s condo construction boom helped ease Ottawa’s residential rental rate in 2012, according to data released Thursday. The
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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.
Commercial property assessments soar
The rush by developers to build up land inventories is causing a spike in the value of Ottawa parking lots, according to one local real
Office vacancy rate to inch up in 2013
Meagre economic growth combined with ongoing government austerity will cause local office vacancy rates to edge up slightly next year, according to a new report.
Despite a slowdown in November, home construction activity in Ottawa in 2012 is expected to outpace the number of units built last year, according to
‘Puzzle’ parking garage to be built in Ottawa
Ottawa will soon be home to one of the first sliding puzzle parking systems in Canada when the system is installed in the Eddy, a
Construction activity up in October
The number of new construction projects approved last month was down year-over-year, but several large initiatives drove up the value of municipal construction permits to
Home sales in Ottawa last month couldn’t compete with last year’s best November on record, with a nine-per-cent decrease in sales year-over-year. Ottawa realtors sold
An Ottawa-based real estate development and management firm said it will spend $2.7 million upgrading a multi-residential and commercial portfolio it acquired in its hometown.
UPDATE: ACS, SNC Lavalin and EllisDon to lead LRT construction
The city unveiled its preferred bidder to construct Ottawa’s $2.1 billion light-rail line, giving local construction firms and suppliers a point of contact for winning
Travelodge turning into apartments
A small hotel on the western edge of downtown has welcomed its last guest. Gemstone Apartments paid $3 million for the complex just east of
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