What’s driving multi-million-dollar home sales in Ottawa?
As the capital’s million-dollar market continues to boom, luxury real estate firms like Engel & Völkers are being kept busy
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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.
Minto Apartment REIT posts net income of $34.6M in Q1 as economy rebounds, rental demand grows
Ottawa-based REIT’s overall revenue grew 8.4 per cent year-over-year to $32.5 million as the occupancy rate of its unfurnished suites ticked up to 94.2 per
Rising interest rates, ‘buyer frustration’ combine to cool off housing market, OREB says
A total of 1,889 residential properties changed hands in April, the Ottawa Real Estate Board says, a 21 per cent decline from a year earlier
Ottawa housing starts hit five-decade high, but still don’t meet demand: CMHC
Builders began work on more than 10,000 new housing units in the capital last year – but that flurry of new construction still wasn’t enough
Cutsey, InterRent’s president since 2015, is taking over as chief executive from Mike McGahan, who’s stepping aside after 12 years at the helm.
Buy your next home with…Bitcoin?
OakWood Designers and Builders makes the leap into cryptocurrency, accepting Bitcoin for home renovation and property purchases.
Ikea to sell off part of Pinecrest Shopping Centre in bid to streamline assets
One prominent retail analyst says the move could pave the way for a new wave of residential development at the site, which includes about 170,000
Real estate broker Danny Dawson ‘building’ a legacy – on both sides of the river
As Ottawa’s housing market continues to break records, local broker Danny Dawson has hit a number of his own real estate milestones that are worth
Ottawa home sales to fall in 2022 and beyond, but prices will stay high: CMHC
Rising interest rates and job uncertainty will combine to cool down Ottawa’s red-hot home resale market a few degrees in 2022 – but not enough
Royal LePage boosts Ottawa home price forecast as supply crunch persists
Firm is now predicting the aggregate price of a home in Ottawa will jump 13 per cent in the fourth quarter of 2022 compared with
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