Real Estate

Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.

CMHC reports annual rate of housing starts in August down from July

Residential

The national housing agency says the seasonally adjusted annual rate of housing starts in August was 267,443 units, down three per cent from 275,158 in

CREA lowers expectations for home sales and price growth for 2022

Residential

In its latest housing market outlook released Thursday, the association said it expects 532,545 properties to trade hands via Canadian MLS systems this year.

Recent bump in Ottawa’s resale housing inventory ‘artificial,’ veteran realtor says

Residential

“Eventually, interest rates will go back down, and then people are going to (scramble) trying to buy everything up,” Paul Rushforth predicts, adding city could

Rising home prices ‘unsustainable,’ realtor says as Ottawa resale transactions fall for sixth straight month

Residential

Ottawa realtors sold 1,137 residential properties in August, down 27 per cent from the 1,565 transactions a year earlier and well below the five-year average

Aiming high: Wesley Clover to build 30-storey mixed-use tower beside Brookstreet Hotel

Residential

Firm backed by billionaire tech magnate Terry Matthews says it hopes to start construction on the $120-million project, which will include a restaurant and about

From commercial to comfort: CLV Group Developments transforms Albert Street building into new luxury apartments

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In an effort to boost Ottawa’s central apartment supply, CLV and InterRent are transforming the traditional office tower into The Slayte, a luxury apartment development

Canada’s real estate market is cooling. Here’s what to expect this fall

Real Estate

After fuelling Canada’s economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate.

The help you need to navigate today’s real estate market

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Life after lockdowns, in combination with a series of aggressive interest rate hikes, is causing quick shifts in Ottawa’s real estate market. What do residents

‘We’re here for the long run’: Morguard ‘bullish’ on Ottawa market after buying Kinaxis HQ

Non-Residential

The purchase of the five-storey, 163,000-square-foot property in the Kanata West Business Park enlarges Morguard’s total Ottawa portfolio to 5.5 million square feet.