Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
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.
The federal government says it will build more than 2,800 homes on its properties in cities across the country, putting it on track to build nearly 30,000 homes on public lands over the next six years.
Oakview Capital, the company Ryan Barresi started as a side hustle in 2010 and turned into a full-time gig three and half years ago, specializes in low-rise industrial flex space that caters to small enterprises like contractors and plumbers.
In a letter to Mayor Mark Sutcliffe and council, the leaders of three local business associations have thrown their support behind Lansdowne 2.0, calling it a “trifecta of city building.”
InterRent REIT said Wednesday 84 per cent of the suites in its 158-unit Slayte rental project on Albert Street were leased as of the end of October. That’s up from less than 50 per cent at the beginning of May, when interior construction of the building was still being completed.
The province has been saying it would remove its eight per cent portion of HST if the federal government dropped the five per cent goods and services tax on rental housing builds.