Real Estate

Minto Apartment REIT’s revenues rise in 2023 as demand for suites grows

Minto Apartment REIT’s revenues rose in 2023 as rents increased and more of its suites were occupied...

Ottawa home sales rise 15% in February, but ‘affordability remains out of reach for many’: OREB

Ottawa home sales rose 15 per cent in February compared with the same month a year ago,...

Consumer spending in National Capital Region expected to drop in 2024, new reports say

Retail sales are expected to level off in Ottawa this year as budget-conscious consumers cut back on...

InterRent REIT posts gains in key financial metrics as occupancy rate hits ‘optimal’ 97%

InterRent REIT reported gains in most key financial metrics in the fourth quarter of 2023 as the...

Ottawa’s downtown office vacancy rate to hit 15% in 2024, CBRE predicts

In its 2024 Canadian market outlook released this week, CBRE predicts Ottawa’s overall office vacancy rate will hit 14.1 per cent before the end of the year, up from 13.3 per cent in December 2023.

Colonnade BridgePort targets 2025 start for Pickering Place, Scott Street projects

Colonnade BridgePort chief executive Hugh Gorman says the company has “five to 10 years’ worth” of multi-residential development projects in its pipeline and hopes to get a few of them off the ground later this year or early in 2025.

City committee to consider Smart Living’s nine-storey Nelson Street proposal

Smart Living Properties plans to construct a nine-storey building with 421 rental apartments at 112 and 134 Nelson St., just north of Rideau Street and a block east of King Edward Avenue.

People on the Move: Robert Rheaume helping Linebox Studio design better future for Ottawa

A retirement filled with leisurely days lazing on a beach or perfecting his golf swing was never...

Eastern Ontario commercial real estate: Strong demand along Hwy. 401, slower recovery in the Valley

While markets along Highway 401 are benefiting from strong demand for industrial properties, areas like the Ottawa Valley are seeing a slower recovery for commercial real estate post-pandemic.

PCL, EllisDon to lead construction of new Ottawa Hospital Civic campus

PCL Construction and EllisDon will build the future Ottawa Hospital Civic campus in a joint venture. The Ottawa...

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