Real Estate

The ongoing dispute over a proposed highrise at the corner of Wellington Street West and Parkdale Avenue will continue this summer. 

Ottawa’s industrial vacancy rate more than doubled in the second quarter compared with a year earlier as some tenants began moving into newer buildings with smaller footprints, Avison Young says in its latest market report.

The sale of the Carlingwood Shopping Centre could pave the way for a new mixed-use “ecosystem” that would eventually see condo towers built at the 30-acre site, real estate and retail experts predict.

Ottawa-Gatineau’s annual pace of housing starts soared in June, Canada’s housing agency says, part of a nationwide trend that saw the pace of starts post their largest month-over-month increase in a decade.

Colonnade BridgePort says it plans to build five residential highrises with upwards of 1,200 units on property near the Blair LRT station it purchased earlier this year.

Carlingwood Shopping Centre, which opened in 1956 and now contains the country’s largest Canadian Tire store, has been put on the market.

The City of Ottawa is seeking community feedback on a proposed development at the intersection of Little Italy, Hintonburg and Chinatown. 

The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market.

The average home price in Ottawa fell in the second quarter compared with a year earlier, Royal LePage says.

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 units, president Oz Drewniak told OBJ on Wednesday.