Real Estate

Gatineau’s seasonally adjusted rate of housing starts – a six-month rolling average designed to smooth out monthly fluctuations – dropped to 13 in December from 8,573 in November.

Minto has named Jonathan Li, who is currently the REIT’s president and chief operating officer, as Waters' replacement.

The Canadian Real Estate Association expects home sales to edge down less than one per cent and prices to fall almost six per cent from 2022, which ended with the market in a sluggish state as sellers and buyers sat on the sidelines.

Sales of homes worth at least $1 million rose in Ottawa last year even as overall transactions...

Group Oradev recently filed a development application that calls for the industrial building and attached three-storey office complex that currently occupy 400 Coventry Rd. to be torn down and replaced with seven highrises ranging from 18 to 30 storeys. 

The capital’s industrial availability rate hit 2.6 per cent in the fourth quarter, CBRE said in its latest national market report, up 90 basis points from a year earlier. 

Lennard has recently taken over 2,500 square feet of office space in Preston Square, located in the burgeoning Little Italy district.

That’s up from 10 per cent in the previous quarter and more than four percentage points higher than it was in late 2019, before the pandemic triggered a dramatic shift to remote work that hollowed out office towers across North America.

The housing market outlook from economist Rishi Sondhi attributes the prediction to the poorest affordability level since the late 80s and early 90s.

Mississauga-based real estate firm said Monday it finalized a deal late last month to purchase a 50 per cent share in Telus's Ottawa headquarters at 215 Slater St. from TD Asset Management.