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.

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.

Ottawa’s office vacancy rate reaches pandemic high while industrial space remains tight

For the first time in four years, Ottawa’s office markets slowed, driven primarily by the central business district and Kanata submarkets.

To build or not to build? Highrise developers rethink projects in face of soaring costs

Firms say a number of factors – including soaring inflation, rising interest rates and new city fees – are causing them to re-evaluate plans for major multi-residential towers in Ottawa's core. 

Veteran finance executive Julie Morin stepping down as CFO of Minto Apartment REIT

Ottawa's 2020 CFO of the Year, who helped guide the REIT through a $230-million IPO in 2018, will retain her other role as chief financial officer of REIT's sister company, Minto Group.

Ottawa home prices expected to decrease two per cent this fall, Re/Max says

The average price of a residential property in the capital was $550,933.75 at the end of August, down 1.1 per cent from a year earlier, real estate network says in its fall market outlook.
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Ottawa is evolving fast. Key developments are impacting all sectors and sizes of business, from AI, innovation and talent to city building and global competitiveness. Who’s making sure business has a strong voice at every decision table? The Ottawa Board of Trade. Join the Ottawa Business Journal publisher Michael Curran and OBOT president and CEO Sueling Ching for a dynamic conversation about how OBOT is shaping Ottawa’s economic future, and how business leaders can leverage their network, influence, and momentum to grow. What you will learn: -- How OBOT advocacy helps shape pro-growth policy, investment, and city-building decisions that strengthen the region’s economy. -- The tables, events, and networks where decision-makers meet, partnerships form, and ideas become action. -- How OBOT equips businesses with visibility, market intelligence, influence, and relationships that drive growth year-round.
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