Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
A Toronto firm behind one of downtown Ottawa’s biggest mixed-use developments says it hopes to break ground next year on another project that could see thousands of housing units built in Kanata North.
The head of a Crown corporation that buys and develops federal properties says he’s hoping to speed up projects such as converting empty government office buildings into apartments in a bid to boost Ottawa’s housing stock.
Public Services and Procurement Canada, which owns or leases more than 30 million square feet of office space in Ottawa-Gatineau, plans to reduce its office footprint by up to 50 per cent over the next decade in an effort to lower operating costs and cut greenhouse gas emissions.
In its revised application filed with the city, Devmont says it is scaling back the height of the main tower in its proposal for 6310 Hazeldean Rd., across the street from Stittsville Corners Shopping Plaza, and is readjusting the size of other parts of the development to maintain the same number of units.
Solving a longstanding construction worker shortage will be key to boosting housing supply, experts say, as Canada's national housing agency continues to forecast housing start levels that fall short of growing demand.