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.

Construction permits down 29.4%

Construction

Construction intentions in Ottawa dipped sharply in February, with residential projects accounting for a large proportion of activity in the sector. A total of 420

Home sales down 15.9% in March

Residential

Local home sales in March fell to the lowest level since 2009, even as average prices closed in on an all-time high, according to statistics

Ogilvy building demolition to cost $2.7M

Construction

Tearing down the former Ogilvy’s department store will cost the owners of the Rideau Centre approximately $2.7 million, according to municipal records. By Kane Van

Minto, Urbandale re-enter crowded condo market

Residential

It’s been almost a decade since one of Ottawa’s largest homebuilders completed its last high-rise condo, the Metropole. By Mark Brownlee. For years after opening

InterRent purchases $24M Burlington property

Residential

An Ottawa-based real estate investment trust is continuing a streak of acquisitions with the purchase of a $24-million residential property in Burlington, Ont. InterRent REIT

Morrison Hershfield wins $1.3M Queensway contract

Construction

An international engineering firm with an Ottawa presence has landed a deal the province of Ontario to study the bridges that allow Highway 417 to

Hydro Ottawa planning $80M consolidation

Non-Residential

The city’s public utility is spending $80 million to construct two new suburban facilities so it can consolidate the locations it has scattered throughout Ottawa

Minto gets nod for Beechwood development

Residential

Ottawa developer Minto received an endorsement Tuesday from a committee of city councillors to build an eight-storey condominium its proposed for a growing neighbourhood east

Picondo prepares new approach to infill housing

Residential

Revolutionizing the housing industry is no small feat, but one local startup developer is looking to take on the task. By Courtney Symons. Picondo Homes

Province prepares for construction on Bronson, Parkdale interchanges

Construction

The Ontario government is preparing major reconstruction plans for the off- and on-ramps of two key downtown Queensway interchanges. The province’s ministry of transportation has