Real Estate

Fiscal update includes loans for housing developers, affordable housing fund: source

Finance Minister Chrystia Freeland is set to present the fall economic statement on Tuesday, a document that will make billions in loans available for homebuilders and earmark a fund for affordable housing.

City committee OKs plan to expand Andaz Hotel with new 16-storey building

A city committee has given Claridge Homes the green light to build a 16-storey addition to the...

Annual pace of housing starts in Ottawa-Gatineau down 11% in October: CMHC

Canada Mortgage and Housing Corp. says the annual pace of housing starts for October ticked up from September.

Home sales slow in October as many buyers have already ‘gone into hibernation’: CREA

Home sales in Canada last month ticked up on an annual basis but fell 5.6 per cent compared with September as the Canadian Real Estate Association says both buyers and sellers appear to be holding off for the time being.

Taggart Group downsizes proposed Kent Street residential highrise

Taggart Group says its revised plan for 359 Kent St. now calls for a 27-storey highrise rather than the 30-storey tower it proposed earlier this year.

‘We could always elevate each other’: As firm winds down, Koble founders reflect on two-decade partnership

The brokerage they founded in 2014 as 50-50 partners, Koble Commercial Real Estate, was officially dissolved last week. It marked the end of a business arrangement between the two that stretched back nearly two decades.

Veteran broker Graeme Webster to lead Avison Young’s new capital markets team

Avison Young has tapped the co-founder of one of Ottawa’s top boutique commercial real estate brokerages to...

Minto Apartment REIT eyes more refinancing as mortgage costs rise

After refinancing hundreds of millions of dollars’ worth of mortgages earlier this year, Minto Apartment REIT says it is looking at refinancing other properties in an effort to reduce its debt.

Ottawa home sales down 2.7% in October amid rising borrowing costs

Ottawa home sales fell 2.7 per cent last month compared with October 2022 as rising mortgage rates...

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