Real Estate

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.

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.