Real Estate

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.

Ottawa home prices are expected to approach peak levels last seen in 2022 by the end of...

Tenants continued to snap up smaller industrial spaces at a steady clip in the first quarter of...

Ottawa’s office vacancy rate dipped slightly in the first quarter as leasing activity picked up in the...

District Realty plans to redevelop an 11-storey office building at 200 Elgin St. into a multi-residential complex, real estate firms CBRE and Colliers said in their first-quarter Ottawa office market reports released this week.

Citing data from research agency Environics Analytics, Colliers Canada said Tuesday that Ottawa’s office occupancy rate is currently at 54 per cent of pre-COVID levels.

The agency says combined housing starts in the Toronto, Vancouver, Montreal, Calgary, Edmonton and Ottawa regions dipped 0.5 per cent compared with 2022, totalling 137,915 units, as apartment starts grew seven per cent to reach a record 98,774 units.

Business leaders see the housing crisis as the biggest risk to the economy, a new survey from KPMG Canada shows.

Sam Mizrahi says the 12-storey, 93-unit building at 1451 Wellington St. W. is expected to be ready for occupancy by September.