Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
An organization in the “hospitality and entertainment industry” is eyeing a proposal to convert the former Chapters building on Rideau Street into an events venue, the federal Crown corporation that owns the site said Thursday.
The National Capital Commission said Thursday it is in talks with Ottawa real estate firm Avenue 31 and Montreal-based developer Cogir to build at least 900 housing units on a portion of LeBreton Flats.
The aggregate price of a home was $754,700 at the end of December, the real estate company said. While that was up from the start of the year, it represented a 1.1 per cent decrease from the third quarter, Royal LePage said.
Following a successful career with prominent property developers such as WSP, Windmill Development Group and most recently Colonnade BridgePort, George struck out on his own last May, launching consulting firm George Partners.
December home sales were up 3.7 per cent compared with the same month in 2022, marking the largest year-over-year gain since August. The actual national average price of a home sold in December was $657,145, up 5.1 per cent from December 2022.