Real Estate

The drop came as January sales also fell on a month-over-month basis as they dropped three per cent compared with December.

The six-month rolling average – designed to smooth out monthly fluctuations – was 1,735 units, compared with 4,095 units in December.

At one million square feet, One60 Elgin – which opened in 1971 and was formerly known as Place Bell – is the fourth-largest office building in Ottawa and one of the city’s most widely recognized downtown landmarks.

Former employees at local firm Highbridge Construction are once again on the job search after the sudden shuttering of the business just over a week ago. 

At least 48 new units of affordable housing will be built in Ottawa thanks to funding announced Monday by the federal government.

IWG and TCC's expansion push comes as traditional office vacancy rates continue to climb amid widespread uncertainty about the future of the workplace.

Experts say there is no one-size-fits-all template for how to create a hybrid office.

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.