Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
A new report by TD Economics predicts Canadian home sales and average prices will fall over the coming months but pick up by the second quarter next year.
The three-building Carling Executive Centre at 1525, 1545 and 1565 Carling Ave. near Churchill Avenue was put on the block earlier this month and is already generating buzz in the investment community, said Graeme Webster, a partner at Koble Commercial Realty who is marketing the property.
The Greater Ottawa Home Builders’ Association said Monday it is “extremely disappointed” by the provincial government’s intention to “wind back” changes it made to Ottawa’s Official Plan.
Panellists at Thursday’s Ottawa Real Estate Forum argued that office-to-residential conversions could play a key role in helping solve the city’s escalating housing crisis.
Boeing Canada currently employs 33 people at its office in the World Exchange Plaza. The 8,000-square-foot space serves as headquarters for the global aircraft manufacturing giant’s growing Canadian defence operations.
The 16-storey highrise at 50 Laurier Ave. E. and 170-180 Waller St. was acquired by Homestead Land Holdings from QuadReal Property Group and RBC Global Asset Management in a deal that closed in late September.