Real Estate

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.

Beer & Analytics is back – an evening to talk data, network, and enjoy local Ottawa breweries

Ottawa’s favourite Beer & Analytics event is returning for its ninth edition on October 11. A mix...

Regional housing starts up year-over-year in August, but annual pace declines, CMHC says

Builders in Ottawa-Gatineau started work on 1,374 new housing units last month, well off the all-time monthly high of 2,130 starts set in July.

Providing shelter and care for a homeless youth helps to stop the cycle of homelessness into adulthood

The Youth Services Bureau (YSB) is one of the largest and longest serving youth agencies in Ottawa....

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