Real Estate

Flying high: Boeing Canada mulls expansion of downtown Ottawa office

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.

Ottawa-Gatineau’s annual pace of housing starts up 18% in September: CMHC

Ottawa-Gatineau’s annual pace of housing starts rose 18 per cent in September compared with August thanks to...

Homestead acquires 50 Laurier rental apartment complex for $96M

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.

Jennings Real Estate eyes plan to build pair of residential towers at Tudor Hall site

An Ottawa real estate firm is planning to build a pair of 14-storey residential towers at the...

Canadian Real Estate Association cuts forecast for home sales and prices this year

The Canadian Real Estate Association is lowering its forecast for home sales and prices this year due to weakness in Ontario and B.C.

Royal LePage holds fast to Q4 forecast calling for housing prices in Ottawa to rise 7%

Real estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent.

Ottawa home sales last month well below typical September levels: OREB

Home sales in Ottawa were 29.6 per cent below the five-year average and 23.6 per cent below the 10-year average for the month of September, the Ottawa Real Estate Board (OREB) reported Friday.

CMHC says plans for vacant Montreal Road buildings still up in the air

A spokesperson for CMHC confirmed Friday that two of the three buildings at the Crown corporation’s 700 Montreal Rd. headquarters – Building A, which has a total of 165,933 square feet, and Building B, which covers 56,805 square feet – are no longer occupied.

Airport hotel on track for 2025 opening, Group Germain says

Group Germain plans to start laying the groundwork next week for construction of a 178-room Alt Hotel that will be attached to the airport terminal, the company’s vice-president of operations, Hugo Germain, told OBJ on Thursday afternoon.

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