Real Estate

Economists see ‘turning point’ in housing market this year as interest rate cuts loom

After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe the Canadian housing market could be in for a rebound in 2024.

Ottawa home sales rise in December as OREB hopes ‘consumer confidence is returning’

Ottawa home sales ticked up slightly in December compared with a year earlier but were still well...

Crown Realty adds to Ottawa holdings with acquisition of five-building industrial portfolio

Crown Realty Partners purchased the 205,251-square-foot portfolio last month on behalf of its fifth value-add fund. Terms of the deal were not disclosed.

‘Darkest before dawn’: Another tough year for office REITs but opportunities may lurk

It's poised to be another challenging year for office REITs, but some money managers say there could be decent entry points in the sector for long-term investors.

Koble co-founder Marc Morin launches new commercial real estate brokerage

Morin, one of Ottawa’s leading brokers of office and industrial space, didn’t wait long to launch his latest venture after he and former business partner Graeme Webster dissolved their previous company, Koble Commercial Real Estate, last month.

District Realty CEO says no immediate plans for redevelopment at City Centre

Hintonburg’s Orange Art Gallery will vacate its space at 290 City Centre Ave. at the end of December after the building's landlords did not renew its lease, leading other tenants and nearby residents to speculate about plans for redevelopment of the site.

Ottawa home prices expected to rise 4.5% in 2024 as pent-up demand grows: Royal LePage

Royal LePage is forecasting the aggregate price of an Ottawa home will rise 4.5 per cent year-over-year...

Reduced retail space in Little Italy development throws potential grocery store into question

Retail space in a proposed Little Italy development has been significantly reduced, but the developer said he’s hopeful groceries will still be a major piece. 

Minto Apartment REIT sells remainder of Edmonton portfolio

The sale of the REIT’s last two buildings in the Alberta capital closed last Thursday, Ottawa-based Minto said in a news release Monday. 

Surge in newcomers putting pressure on inflation via housing demand: BoC deputy

The recent surge in newcomers is adding to inflation through housing demand, warning rents and home prices could continue to rise without boosting housing supply, a senior Bank of Canada official said Thursday.

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