How building height limitations are contributing to Ottawa’s housing crisis
By limiting development on certain streets to four storeys, the city has virtually guaranteed that these lots will remain undeveloped, writes Toon Dreessen.
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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.
Record year for Ottawa home sales as $13 billion in sales posted
Members of the Ottawa Real Estate Board sold 862 residential properties in December, compared with 997 in December 2020, a decrease of 14 per cent.
Large numbers of area residents say they’d like to live in a new part of the city – or even beyond its borders – as
Developer eyes plan to replace Bank Street retail plaza with 16-storey mixed-use complex
SerCo Realty Group wants to build a highrise with 160 rental suites at 1400 Bank St., just south of the Billings Bridge Shopping Centre, on
Cadillac Fairview floats plan for 21-storey highrise at Rideau Centre
Mall owner wants to construct a mixed-use tower with 280 rental apartments and ground-floor retail space on land currently occupied by a heritage building.
Current housing supply shortage ‘not sustainable,’ OREB president warns
The average residential-class home sold for $716,992 last month, up from just over $600,000 a year earlier, the Ottawa Real Estate Board said Friday.
Ottawa house prices expected to rise 5% in 2022, Re/Max says
Firm predicts the city’s housing inventory will grow slightly in the year ahead but says “low levels are expected to remain a concern.”
Place de Ville sold for $350M in second-largest deal in Ottawa history
Crestpoint Real Estate Investments and Crown Realty Partners purchased the 1.17-million-square-foot downtown property in a transaction that closed last week.
City vows to appeal after Ontario top court scraps parts of agreement protecting Kanata golf course
ClubLink says course is no longer financially viable and wants to partner with Minto Communities and Richcraft Homes to build 1,480 homes on the 71-hectare
Minto prepares its portfolio for effects of climate change
The company released its first “environmental, social and governance” report Tuesday, outlining 18 specific initiatives it plans to focus on over the next five years.
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