Real Estate

Negotiations underway to turn former Chapters on Rideau St. into an events venue

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.

NCC teams up with developers Avenue 31, Cogir to plan housing project on LeBreton Flats

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.

New home sales in Ottawa down 50% since 2021, study shows

New home sales in Ottawa fell nearly 50 per cent over the past two years as higher...

Montreal firm’s two-building proposal for Stittsville includes 25-storey residential highrise

A Montreal-based developer wants to build a new multi-residential project in Stittsville that would include more than...

NCC acquires former home of Chapters bookstore on Rideau Street

The NCC confirmed Tuesday it has purchased the building at 47-57 Rideau St. but did not disclose the sale price.

Ottawa aggregate home prices rose 4.8% in 2023 but fell in Q4, Royal LePage says

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.

Ex-Colonnade BridgePort exec George launches new firm with industry veterans Murray, Thomson

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.

Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution

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.

Ottawa’s industrial vacancy rate rises in Q4 as new buildings boost inventory

The amount of vacant industrial space in Ottawa rose at the end of 2023, two major brokerages...

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