Real Estate

Empty-nesters, retirees drive condo sales in Ottawa, while first-time buyers stay on sidelines

A new report from Re/Max Canada found that the Ottawa condo market stalled in the first eight months of 2024, with affordability the top concern on the minds of potential buyers.

Ottawa’s office vacancy rate won’t return to single digits until 2027, realtors suggest

Local real estate experts expect Ottawa’s office vacancy rate to hold near a “healthy” 12 per cent for a few years before decreasing in 2026 or 2027.

It’s time to get creative, developers say, when it comes to office conversions

With an overabundance of empty office space across the city, local experts say it’s time for developers to get creative when it comes to conversion projects. 

Firms behind Zibi project seek partner, float convention centre as ‘interesting’ idea for Gatineau land

The companies behind the Zibi development say they’re looking to join forces with another real estate firm...

Ottawa’s downtown office occupancy rate to ‘trend higher’ in fourth quarter, Colliers predicts

The capital’s return-to-office rate still lags other major Canadian cities, Colliers said in its third-quarter office market report released Tuesday, in which it noted the city’s downtown office vacancy rate jumped more than a full percentage point from the previous quarter.

Colonnade BridgePort proposes highrises of 14, 28 storeys near east-end Via Rail station

In a summary of the site plan control application for the project at 25 Pickering Pl., Colonnade BridgePort says it wants to build two towers of 14 and 28 storeys that will contain a total of 483 residential suites along with “associated underground parking” and ground-floor commercial space.

Wellington West fixture John’s Family Diner puts space up for lease

A family-owned business that’s been a fixture of the dining scene in Wellington West for five decades...

Carling Avenue has Ottawa’s ‘hottest real estate,’ new buyer of office building near Westgate says

The head of a property management firm that just acquired a well-known office complex near the Westgate...

Inside Edge Properties acquires south-end building for $15M amid rising demand for suburban office space

Inside Edge Properties purchased the 94,500-square-foot building at 2 Gurdwara Rd. from Montreal-based real estate investment trust Proreit for $15.3 million in a deal that closed on Sept. 13.

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