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.

Ottawa housing starts expected to decline

Construction

Despite a surge in housing starts this January and during the past year, a decline in new home In January, the seasonally adjusted, annual rate

McCormick Rankin wins Chaudière Crossing contract

Construction

The Ottawa office of a Canadian engineering consulting company has received the latest contract as part of the federal government’s efforts to rehabilitate several interprovincial

Association buys Montreal Road property

Construction

A local French-language organization displaced by the city’s light-rail project said it has acquired a vacant building lot in Vanier, where it plans to construct

Ottawa businesses court LRT bidders

Construction

Dozens of local construction firms, labour leaders and tech companies put their products and expertise on display Thursday, vying for work on the city’s $2.1-billion

Condo surge leads Ottawa housing starts

Residential

A more than four-fold increase in apartment-style housing starts boosted the overall numbers year-over-year in January, according to the Canada Mortgage and Housing Corp. The

New government builds to add pressure to class-B landlords

Non-Residential

With the first of five new government office buildings scheduled for completion this year, local real estate observers are watching which departments are starting to

Home prices up 5.6% in January

Residential

Local home prices continued to outstrip the rate of inflation last month as the average residential resale price climbed 5.6 per cent to hit $349,415,

Feds renew Centennial Towers lease with Morguard

Non-Residential

The city’s largest private-sector landlord has renewed a lease with the federal government for more than 378,000 square feet inside a downtown office tower, according

Macdonald-Cartier Bridge rehab contract awarded

Construction

MMM Group Ltd. and CIMA+ SENC garnered a $1.8-million engineering design contract to rehabilitate the Macdonald-Cartier Bridge. The contract, stated Public Works in a press release,

Construction permits soar 132% in December

Construction

The value of local construction permits jumped by $150 million, year-over-year, in December, according to city records. Municipal officials issued 681 permits, with a total