Housing correction gaining pace, to continue through next year: report
Desjardins is forecasting the average home price in Canada will decline by nearly 25 per cent by the end of 2023 from the peak reached
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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.
Taggart sells new Kinaxis HQ to Morguard in $64.5M deal
Recently constructed 163,000-square-foot office complex at 3199 Palladium Dr. in Kanata opened to great fanfare in early June.
Minto Apartment REIT continues momentum with strong Q2
Immigration-fuelled population growth and rising interest rates that have driven up the cost of buying a home helped boost Minto Apartment REIT’s bottom line in
InterRent REIT’s earnings rebound continues despite quarter-over-quarter dip in occupancy
Ottawa-based real estate investment trust said Tuesday its funds from operations rose 6.3 per cent compared with the second quarter of 2021 to $18.9 million.
‘Luxury’ home transactions in capital soaring as prices hit historic highs, real estate firm says
Sales worth $1 million or more now account for nearly one in five Ottawa residential transactions – up from less than five per cent just
West-end office building sold to Vancouver firm for $9.35M
The capital’s commercial real estate market continues to see a string of deals even as rising interest rates threaten to stall its momentum.
Ottawa remains ‘beacon’ for office investors, industry execs say in wake of major sales
Two downtown office towers totalling more than 300,000 square feet at 400 Cumberland St. and 77 Metcalfe St. have sold for a combined $60 million.
Ottawa-Gatineau housing starts bounce back in June: CMHC
While construction slowed down on the Gatineau side of the Ottawa River, with the number of new starts falling to 132 from 151 the previous
June home sales down 24% from last year, 6% since May: CREA
The association revealed Friday that June home sales amounted to 48,176, a 24 per cent drop from 63,280 during the same month last year.
Real estate brokerage Royal LePage cuts Ottawa home price forecast for 2022
Firm says it now expects the aggregate price of a home in Ottawa will be up 10 per cent in the fourth quarter of 2022
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