Real Estate

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 that would contain a total of more than 400 residential units.

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,” the Ottawa Real Estate Board said Wednesday.

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 surpassing 15 per cent for the first time since the company began tracking the statistic in 1996.

The construction industry is short tens of thousands of workers, and experts say a coming wave of retirements could make the problem worse.

This interview with Hugh Gorman, CEO at commercial property manager Colonnade BridgePort, appears in the 2023 Welch LLP Business Growth Survey report.

Brigil says its proposal to build more than 1,000 residential units on Catherine Street has received “positive” feedback from residents – but a downtown business advocate worries the project’s retail component could struggle on a street where parking is at a premium.

Gatineau-based Brigil says it plans to build three highrises ranging from 26 to 40 storeys at the site of the former Greyhound bus terminal on Catherine Street.

With the Ottawa Senators’ ownership situation seemingly now settled, speculation is turning to where the team’s next home rink might be located – and the concept of building a new arena in the heart of downtown is gaining steam.

A growing wave of intensification near LRT stations in Ottawa’s east end is poised to continue with a plan to build a hotel near the Taylor Creek Business Park in Orléans.

Windmill Development Group says it’s working on a proposal that would see a nine-storey condominium with about 100 units constructed next to the 123-year-old church on Chapel Street.