Interest rate hikes might be over but don’t expect housing market to flare up: BMO
One Bay Street economist says it’s unlikely the housing market will flare up, despite the Bank of Canada’s decision to keep its key interest rate
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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 home prices forecasted to decline this fall amid high interest rates: Re/Max
In its fall market outlook released Tuesday, Re/Max Canada says it expects the average sale price of a home in Ottawa to drop to about
Katasa Group buys Slater Street highrises, eyes office-to-residential conversion
Katasa Group is adding to Ottawa’s list of proposed office-to-residential conversion projects with a plan to turn a Slater Street commercial building into an apartment
Ottawa builder proposes residential highrises at site of original Lone Star Texas Grill
An Ottawa developer wants to build three highrises with nearly 1,100 residential units on what is now the site of a strip mall that contains
Anglican diocese looks to add affordable housing units to Nepean church property
The Anglican Diocese of Ottawa is partnering with a local charity to build a new house of worship near Merivale Road topped by a 57-unit
National Capital Region’s annual pace of housing starts down 13% in July: CMHC
The annual pace of housing starts in Ottawa-Gatineau fell 13 per cent in July after surging in June, the Canada Mortgage and Housing Corp. says.
Office vacancy rate could peak in 2024 as hybrid work models gain popularity: report
A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as
July home sales see largest annual rise in two years: CREA
July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said
InterRent REIT sees occupancy, revenues rise in Q2 compared with previous year
InterRent REIT said the occupancy rate in its buildings fell slightly in the second quarter compared with the first three months of 2023 but was
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