Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
Housing construction pace slows in December as Gatineau records just one start: CMHC
Gatineau’s seasonally adjusted rate of housing starts – a six-month rolling average designed to smooth out monthly fluctuations – dropped to 13 in December from
Michael Waters stepping down as CEO of Minto Apartment REIT
Minto has named Jonathan Li, who is currently the REIT’s president and chief operating officer, as Waters’ replacement.
CREA predicts 2023 home sales to edge down 0.5% from 2022 mark
The Canadian Real Estate Association expects home sales to edge down less than one per cent and prices to fall almost six per cent from
Luxury Ottawa home sales buck slowdown trend, up 8.6% in 2022: Report
Sales of homes worth at least $1 million rose in Ottawa last year even as overall transactions dropped from 2021 levels, a new report says.
Demand for local industrial space ‘still huge’ despite rising availability, real estate leaders say
The capital’s industrial availability rate hit 2.6 per cent in the fourth quarter, CBRE said in its latest national market report, up 90 basis points
Canada will see weakest level of home sales since 2001 this year: TD report
The housing market outlook from economist Rishi Sondhi attributes the prediction to the poorest affordability level since the late 80s and early 90s.
Morguard acquires 50% stake in ‘trophy-calibre’ Slater Street office complex for $28.1M
Mississauga-based real estate firm said Monday it finalized a deal late last month to purchase a 50 per cent share in Telus’s Ottawa headquarters at
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