CREA downgrades home sales forecast as interest rates weigh on buyers
The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market.
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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.
Average Ottawa home price down nearly 5% year-over-year in Q2: Royal LePage
The average home price in Ottawa fell in the second quarter compared with a year earlier, Royal LePage says.
CLV Group to convert former office building at 360 Laurier Ave. W. into apartments
CLV Group plans to gut the recently vacated Narono Building at 360 Laurier Ave. W. and turn it into a residential development with 139 rental
Brigil follows downtown proposal with plan for three-building project on Baseline Road
After announcing plans to build more than 1,000 rental units at the site of the old Greyhound bus terminal in downtown Ottawa, Brigil says it
Katasa plans pair of residential highrise towers on St. Laurent Boulevard
Katasa Group, which recently filed plans to replace a Centretown medical building with an apartment complex, wants to construct two highrises on St. Laurent Boulevard
Ottawa home sales up again in June, prices hold steady: OREB
Home sales in the capital rose year-over-year in June, but prices held steady as the city’s resale housing supply keeps “trending in the right direction,”
Ottawa’s office vacancy rate continued to climb in the second quarter, CBRE said in its latest Canadian market report, with the downtown office vacancy rate
Labour shortage in construction adding extra pressure to housing supply gap: experts
The construction industry is short tens of thousands of workers, and experts say a coming wave of retirements could make the problem worse.
‘There’s a disconnect in the market right now’: Hugh Gorman
This interview with Hugh Gorman, CEO at commercial property manager Colonnade BridgePort, appears in the 2023 Welch LLP Business Growth Survey report.
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