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 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

U of O fast-tracks new sports stadium

Construction

University of Ottawa officials intend to kick off bidding to construct a new $8-million sports stadium in the coming weeks with an aggressive goal of

Feds to solicit bids for bridge upgrades

Construction

Local construction companies will soon have an opportunity to bid on rehabilitating three interprovincial bridges in the National Capital Region, the federal government announced Tuesday.

Longevity key in winning light-rail work: industry rep

Construction

Local businesses vying for contracts on Ottawa’s $2.1-billion light-rail line should showcase their stamina when pitching to the prime contractors and their partners, says one

Competition heats up downtown as Morguard launches build

Non-Residential

Additional inventory to put downward pressure on rents, observers predict One of the city’s largest landlords is pushing ahead with construction of a 22-storey office

Townhouse starts increase 102% in December

Residential

Ottawa’s housing market saw the number of row housing starts more than double year-over-year in December, while the overall market grew by four per cent.

Housing resales up 13% in December

Residential

Ottawa Real Estate Board members saw a 13-per-cent increase in resales in December, capping a year where annual sales slightly rose. Members sold 699 properties