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.

Tega scales back controversial Hintonburg condo project

Residential

The developer behind a proposed 36-storey condominium tower, which drew public condemnation from the head of the city’s planning committee and the surrounding community, is

Construction permits up 84% in March

Construction

Ottawa’s construction sector recorded its best first quarter in at least four years, according to municipal records. In the first three months of 2012, more

Avaya readies new Ottawa digs

Construction

Next month, an Ottawa-based general contractor will start transforming a long-vacant Kanata warehouse into one of North America’s most advanced telecom research labs. MP Lundy

Office vacancies expected to rise

Non-Residential

Office vacancy rates in Ottawa edged up slightly in the first quarter, but one local brokerage firm says the statistics don’t tell the full story

Carleton to expand maintenance building

Construction

Carleton University is looking to prequalify general contracting firms for the renovation of its maintenance building on the southeast side of the campus. In a

Feds to vacate Metcalfe’s MacDonald Building

Non-Residential

Landlord says it will be ‘competitive and creative’ in marketing downtown portfolio The federal government says it will vacate a 49-year-old downtown office building when

Securit building sells for $9.8M

Non-Residential

An 86,000-square-foot warehouse with Queensway visibility has been purchased by Crestpoint Real Estate Investments Ltd. as part of a three-building portfolio sale. Constructed in 2007,

Sears spends $2M on Iris move

Construction

Department store retailer Sears is planning to spend $2 million on fitting up its new location in the Ikea plaza. The struggling national chain, which

Housing starts down 42% in March

Residential

Housing starts in the national capital fell 42 per cent year-over-year in March as the region cooled from a record a year ago, according to

Claridge proposes Carlingwood retirement home

Residential

Claridge Homes is poised to expand its retirement home portfolio with plans to construct an eight-storey, 159-unit building in Carlingwood. The property, located at 200