Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
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.
Warren Wilkinson, Colliers’ senior managing director in Ottawa, said this week the firm has already brokered 23 office lease transactions so far in 2024 and expects to top 80 before the year is out.
In a planning application filed with the City of Ottawa, Gatineau-based Brigil says the proposed development just northwest of the Marshes Golf Club on March Road would include five separate zones of residential development for a total of 1,908 units in buildings as tall as 15 storeys.
After five straight holds of the Bank of Canada's key interest rate that followed its hiking cycle of more than a year, economists say a rebound awaits the national housing market — but don't expect a big surge just yet.
OREB said 1,165 homes changed hands last month. A total of 2,678 homes were sold in Ottawa through the first three months of 2024, a 13.1 per cent increase from the previous year.