Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
While hybrid work has left many office buildings — including ones in Ottawa — partially empty for extended periods, researchers from Carleton University say having fewer people around doesn’t necessarily result in the kind of energy saving you might expect.
In an application filed last month, St. Brigid’s Centre for the Arts says it needs to raise more revenue to fund work that would address what it calls the building’s “growing heritage infrastructure deficit.”
Colonnade BridgePort CEO Hugh Gorman said Wednesday that interest rates are “trending in the right direction” after the Bank of Canada cut its benchmark rate by half a percentage point to 3.75 per cent.
Colonnade BridgePort’s site-plan application for the development on Scott Street near Island Park Drive says the proposed building would include 244 dwelling units and 91 underground parking spaces.
Sales of new homes are up this year compared to 2023, causing the Greater Ottawa Home Builders’ Association to predict a “positive tone” for the market going into the new year.