Real Estate

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.

Regional Group has acquired Corel’s former headquarters on Carling Avenue, adding one of the city’s most recognizable...

New home sales continue to rise in the National Capital Region compared with a year ago, the...

The leader who oversaw Avison Young’s rise from a one-person shop to one of the largest commercial...

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.

The federal government’s pledge to invest $1.1 billion over the next 10 years to divest its office holdings more quickly is the final “nail in the coffin” for any hope the region’s largest employer will reclaim most of its pre-pandemic real estate footprint in downtown Ottawa, a prominent local commercial broker says.

The property that has been home to the Yangtze Restaurant for more than 40 years is in the process of being sold and is expected to continue as a restaurant under new ownership, the local BIA says.