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.

New provincial announcement ‘critical’ for Ottawa to reach housing goals: GOHBA

Just days after the election of a new mayor and council, Burggraaf says it is important for the city to have a clear number as a housing goal.

Housing starts may look promising, but there’s much more to be done, experts say

While the annual pace of housing starts in September rose to its highest level since November 2021, there’s more to the numbers when it comes to the situation in Ottawa-Gatineau, local experts say.

Nokia Canada to begin construction on new ‘world-leading’ facility in Kanata next year

The company said the hub will significantly expand its capacity in next-generation information and communications technology (ICT) and cyber security innovation.

Op-ed: Expedited federal plan to shed millions of square feet of office space sounds alarm bells for business leaders

"In the views of this real estate professional, to fill Ottawa’s empty buildings we need space that is inspiring," writes Darren Fleming, CEO of Real Strategy Advisors.

CREA reports home sales in typically busy September continued to slow

Compared with a year ago, home sales in September were down 32.2 per cent and about 12 per cent below the pre-pandemic 10-year average for the month.

Falling condo sales in Ottawa reflect ‘softening’ demand for housing as interest rates rise, Re/Max says

A total of 2,969 condos changed hands in the capital between January and the end of August, down from 3,577 in the same period in 2021, national brokerage network said Thursday.

Power play: Power-Tek Group adds retail expertise with acquisition of Carleton Place contracting firm

Stittsville company has closed a deal to buy Steric Design and General Contracting, which specializes in designing and fitting up restaurants, mainstreet businesses and stores in retail plazas.

‘Return to the office is sluggish’: real estate experts say Ottawa’s vacancy rate could remain flat for years

As much as Hugh Gorman would love to see more tenants commit to a full-scale return to their work spaces, he knows that’s not likely to happen any time soon.

Ottawa home sales plummet 33% in September as rising interest rates push buyers to sidelines: OREB

Members of the Ottawa Real Estate Board sold 1,080 residential properties last month, down from 1,601 in September 2021 and 31 per cent below the five-year average.