Real Estate

A group representing construction companies across Canada says the hospital's agreement with a local trades union “shuts out” competing workers and businesses and will drive up the cost of the project.

The average price for a freehold-class property in Ottawa was $676,272 in January, the board said, down 12 per cent from a year earlier.

CEO Mark Kenney said the capital will “likely be an active market” for CAPREIT as it continues to pursue its strategy of buying into new construction projects.

The Canada Mortgage and Housing Corp. says the city's vacancy rate for purpose-built housing dropped to 2.1 per cent last year, down from 3.4 per cent in 2021, due to “strong demographic and economic fundamental conditions.”

As municipal leaders brainstorm new ways to revitalize Ottawa’s downtown in a post-pandemic world, real estate insiders say making the office-to-residential conversion process easier by cutting red tape at city hall should be right at the top of their agenda.

The Prohibition on the Purchase of Residential Property by Non-Canadians Act took effect on the first of January – but what does it really mean?

Gatineau developer Construction Chartro's plan calls for four six-storey apartment buildings St. Joseph Boulevard, east of the Tenth Line Road on-ramps to Highway 174.

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 8,573 in November.

Minto has named Jonathan Li, who is currently the REIT’s president and chief operating officer, as Waters' replacement.

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 2022, which ended with the market in a sluggish state as sellers and buyers sat on the sidelines.