Current housing supply shortage ‘not sustainable,’ OREB president warns
The average residential-class home sold for $716,992 last month, up from just over $600,000 a year earlier, the Ottawa Real Estate Board said Friday.
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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.
Ottawa house prices expected to rise 5% in 2022, Re/Max says
Firm predicts the city’s housing inventory will grow slightly in the year ahead but says “low levels are expected to remain a concern.”
Place de Ville sold for $350M in second-largest deal in Ottawa history
Crestpoint Real Estate Investments and Crown Realty Partners purchased the 1.17-million-square-foot downtown property in a transaction that closed last week.
City vows to appeal after Ontario top court scraps parts of agreement protecting Kanata golf course
ClubLink says course is no longer financially viable and wants to partner with Minto Communities and Richcraft Homes to build 1,480 homes on the 71-hectare
Minto prepares its portfolio for effects of climate change
The company released its first “environmental, social and governance” report Tuesday, outlining 18 specific initiatives it plans to focus on over the next five years.
Perfectly average: Ottawa’s house prices match national rates
The Canadian Real Estate Association says home sales across the country rose by about nine per cent between September and October, the largest month-over-month increase
Going west pays off for InterRent REIT as firm’s Vancouver portfolio sees big occupancy gains
The Ottawa-based real estate investment trust said its funds from operations – a key cash-flow metric – rose 12.3 per cent in the third quarter
Rental surge could be factor in housing supply crunch, OREB says
Board president suggests owners of rental properties who might have put them on the resale market in the past are retaining homes and condos “for
Osgoode Properties floats plan for 30-storey highrise near Carlingwood mall
Proposal calls for 293 rental units at 1071 Ambleside Dr., just north of Richmond Road and about 400 metres west of the future New Orchard
Overbrook overhaul: Gemstone files proposal to replace North River Road apartments with condos
New development would feature 46 units, including 30 one-bedroom suites and 16 two-bedroom condos, as well as parking for 40 vehicles.
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