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
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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.
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
Land supply adequate: planning committee
The city moved a step closer on Tuesday to freezing the supply of land available for residential development for the next five years. Councillors on
What’s the value of Ottawa’s commercial real estate sector?
Ottawa’s commercial real estate sector generated roughly $2.6 billion in economic activity in 2011, according to a new study prepared for a local industry association.
Home affordability improves in Ottawa: RBC
The cost of owning a home in Ottawa eased during the most recent quarter, according to an affordability study by Royal Bank. The average local
Regal enters Ottawa with $200M acquisition
A newly launched property firm has purchased six local retirement residences in what is believed to be the largest deal of its kind in Ottawa.
Ottawa home price increases to slow: Re/Max
Local home prices will continue to rise next year at the same modest pace as in 2012 as would-be buyers continue to be hampered by
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