Real Estate

The federal housing agency is predicting that home prices in the capital will come in at an average of $640,000 on the low end and $700,000 on the high end in 2023.

Urban planning experts told the sellout crowd of 260 at the Shaw Centre that downtown merchants can no longer rely on a steady flow of office employees to drive sales.

In his new role, the Ottawa native will be in charge of securing partnership deals with the kind of deep-pocketed backers – including high-net-worth individuals, family offices and institutional investors – that can help fund Colonnade BridgePort’s next wave of multi-residential and industrial development proposals.

One of the capital’s leading construction and real estate executives is heading back to school – albeit briefly.

This week’s public-service job walkout adds to the list of challenges Ottawa faces as its economy tries to rebound from the pandemic and it looks to reimagine city space, a prominent urban planning expert says.

Builders in Ottawa launched 11,032 new housing units last year, an eight per cent increase from 2021, the national housing agency says in its latest Housing Supply Report released Wednesday.

The proposed structure – which is located north of Rideau Street about 700 metres from the Rideau LRT station and less than 200 metres from several bus stops – would have one level of underground parking with space for 40 cars and 482 bicycles. 

Ottawa-based real estate company says it does not intend to redevelop the property, which it purchased about a dozen years ago, for at least another decade.

The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices will rise by roughly the same amount in 2024.