Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
The federal government’s $125-million acquisition of a building at 181 Queen St. accounted for nearly half the value of all Canadian office transactions in the first quarter as investors shied away from big buys amid ongoing economic turbulence, a new report from Morguard says.
A study by Canada's national housing agency says housing starts aren’t keeping pace with available residential construction resources due to restrictive regulations and a "highly fragmented" industry.
On a month-over-month basis, CREA said home sales in April were down 1.7 per cent, while newly listed properties available for sale rose 2.8 per cent to kick off the spring market.
In planning documents recently filed with the city, GWL Realty Advisors says its proposal includes a pair of towers at 170 Slater St. between Bank and O’Connor streets.
Ottawa home sales jumped 8.9 per cent in April compared with the same month last year as “mutual confidence among both buyers and sellers” gave the market a lift, the Ottawa Real Estate Board says.
Taggart Realty Management has filed an application with the city that calls for four mid-rise buildings with a total of 650 units at 3930 and 3960 Riverside Dr., just northwest of the intersection of Riverside Drive and West Hunt Club Road.