Interest rate hike won’t cool housing, say experts
Housing experts say prospective homebuyers hoping Wednesday’s interest rate hike will cool the country’s heated real estate market will likely be disappointed.
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Real Estate
Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
Hot housing market drives 2021 economic growth
The country’s hot housing market drove economic expansion last year as the economy grew 4.6 per cent in 2021, Statistics Canada said Tuesday.
Gatineau developer eyes plan to replace Merivale strip mall with two-phased apartment complex
Katasa Group recently filed an application with the city to build a nine-storey residential project at 1509 Merivale Rd., just south of the intersection of
Fengate to build 1,900 residential units at pair of prime Ottawa development sites
Toronto firm says it has purchased a one-acre site at 1209 St. Laurent Blvd., across from the St. Laurent Shopping Centre, as well as property
T.O.-based Crown Realty acquires Gloucester’s Park of Commerce
Deal comes just a few months after company purchased a 50 per cent stake in the downtown Place de Ville office complex.
Ottawa rents rise 2.2% in 2021, vacancy rate holds steady, CMHC says
While a “considerable number” of new units were added to the city’s rental housing stock last year, the agency said demand rose enough to keep
Rimap Development’s proposal calls for about 270 rental units and 230 hotel rooms on prime piece of downtown real estate just south of the Lyon
Housing starts dip slightly in January, CMHC says
Developers launched 640 new builds last month, agency says, down three per cent from the 661 starts recorded in January 2021.
Developer wants to raze vacant Bells Corners restaurant, build rental complex
The new development would include 51 apartment units and 59 parking spots, with 56 of those spaces in a two-level underground garage.
Three reasons your home value is still on the rise
Ottawa, once known as a “sleepy” city with a slow real estate market, has seen unprecedented growth over the past two years. While you might
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