Real Estate

The association said Thursday the move lower more than erased the gain seen in October and resumed the overall trend lower for the year.

Moving offices can be an adventure when you see the possibilities.

The real estate company says the aggregate price in Ottawa will rise to $739,602 by the end of next year, up from an estimated $725,100 this year.

Jennings Real Estate bought the 1.66-acre property just off Riverside Drive near Hunt Club Road from Franco Giammaria and his family, who opened Tudor Hall in the mid-1970s and owned and operated it ever since.

It marked the ninth consecutive month that home sales in the capital declined compared with a year earlier.

In the report released Tuesday, Re/Max Canada says it expects the average sale price of a home in Ottawa to rise to $683,000 next year, up from just under $657,000 at the end of October.

With foot traffic in downtown Gatineau showing the biggest decline in Canada during the pandemic, Brigil VP Jessy Desjardins believes his firm can play a big part in reversing that trend over the next decade.

The report by CMHC deputy chief economist Aled ab Iorwerth says the scale of the problem is so large that the private sector must be involved.

In today’s hybrid work environment, workstations need to cater to flexibility while still being comfortable and aesthetically pleasing.

The idea of turning offices that are past their best-before dates into apartments or condominiums is hardly novel, but real estate experts say the conversion trend is gaining momentum in Ottawa.