Real Estate

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.

Avison Young adds veteran brokers DiNardo and MacLeod as firm continues Ottawa expansion

Avison Young has added two veteran real estate brokers to its Ottawa office, the latest in a...

Ottawa home sales continued to slide in November: OREB

Ottawa home sales fell last month compared with the previous year as buyers continued to take a...

Short-term rentals have ‘significantly impacted’ housing affordability: Desjardins

A Desjardins report suggests short-term rentals likely contributed to the housing affordability crisis in Canada and around the world.

Theberge Homes ‘satisfied’ by committee decision on Baseline highrises, owner says

The proposal filed by Joey Theberge, owner of Theberge Homes, involves plans for two 24-storey highrises and a 32-storey tower at 780 Baseline Rd. 

Retail spending expected to rise ‘significantly’ in 2024 as inflation eases, Morguard says

Morguard expects retail spending in Ottawa to “increase significantly” next year as anticipated declines in inflation and...

Builder confident three-tower Baseline Road project will go ahead despite shadow concerns

An Ottawa developer says he remains optimistic his plan to build a series of highrises along Baseline...

Ottawa firm proposes ‘build-to-suit’ industrial complex in Vars as demand for space rises

An Ottawa firm led by well-known construction entrepreneur John Bassi is launching a new industrial development east...

Katasa seeks approval to build 22-storey mixed-use highrise at Bronson and Carling

Katasa Group – which recently acquired a pair of office towers on Slater Street in one of the city’s biggest real estate deals this year – has applied to construct two buildings on a vacant 1.1-acre site at the southwest corner of Carling and Bronson avenues.

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.

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