Real Estate

Ottawa commercial real estate execs ‘seeing the market come alive again’

Michael Pyman, Colliers’ Ottawa-based vice-president of national investment services, says there could be a significant uptick in local commercial transactions in 2025, especially if the Bank of Canada continues to reduce interest rates and it becomes cheaper for investors to borrow capital.

Ottawa home sales surge nearly 50% in October: OREB

Ottawa home sales soared 46 per cent in October compared with the same month a year ago,...

InterRent REIT acquires 50% stake in new downtown Montreal apartment complex

InterRent REIT has teamed up with another firm to acquire a newly constructed apartment building in downtown...

Half-empty office buildings don’t translate into green energy savings, report finds

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. 

St. Brigid’s Centre for the Arts seeks to create 500-person events space in former Catholic church

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.”

Rate cut good news – but finding labour could be a ‘challenge’, Colonnade BridgePort CEO says

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 files proposal for 22-storey mixed-use tower near Westboro LRT station

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.

‘Buyers are tired of being on the sidelines’: Sales of new homes tick up in Ottawa in September

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.

Toronto real estate investment fund purchases four student housing properties in Ottawa

Forum Asset Management announced Wednesday that its Real Estate Income and Impact Fund is acquiring Alignvest Student...

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