Real Estate

Ottawa home prices forecasted to decline this fall amid high interest rates: Re/Max

In its fall market outlook released Tuesday, Re/Max Canada says it expects the average sale price of a home in Ottawa to drop to about $712,697 by the end of 2023, down two per cent from $727,242 at the end of July.

Katasa Group buys Slater Street highrises, eyes office-to-residential conversion

Katasa Group is adding to Ottawa’s list of proposed office-to-residential conversion projects with a plan to turn a Slater Street commercial building into an apartment complex with more than 200 rental suites.

Ottawa builder proposes residential highrises at site of original Lone Star Texas Grill

An Ottawa developer wants to build three highrises with nearly 1,100 residential units on what is now the site of a strip mall that contains the original Lone Star Texas Grill.

Anglican diocese looks to add affordable housing units to Nepean church property

The Anglican Diocese of Ottawa is partnering with a local charity to build a new house of...

National Capital Region’s annual pace of housing starts down 13% in July: CMHC

The annual pace of housing starts in Ottawa-Gatineau fell 13 per cent in July after surging in...

Office vacancy rate could peak in 2024 as hybrid work models gain popularity: report

A new report by Colliers Canada predicts the national office vacancy rate could peak at approximately 15 per cent by the end of 2024 as the rise of hybrid work models prompt companies to reduce their office space.

July home sales see largest annual rise in two years: CREA

July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday.

InterRent REIT sees occupancy, revenues rise in Q2 compared with previous year

InterRent REIT said the occupancy rate in its buildings fell slightly in the second quarter compared with the first three months of 2023 but was up from the same period a year ago as the firm saw gains in most of its key financial metrics.

Ottawa home sales and prices up from last July: OREB

The Ottawa Real Estate Board says home sales and prices ticked up in July compared with the same month last year – but transactions and new listings have been slowing as summer goes on amid further interest rate hikes.

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