Real Estate

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

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.

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

The national housing agency says the seasonally adjusted annual rate of housing starts in August was 267,443 units, down three per cent from 275,158 in July.

In its latest housing market outlook released Thursday, the association said it expects 532,545 properties to trade hands via Canadian MLS systems this year.

“Eventually, interest rates will go back down, and then people are going to (scramble) trying to buy everything up,” Paul Rushforth predicts, adding city could see “a mini version" of 2021's frenzy.

Ottawa realtors sold 1,137 residential properties in August, down 27 per cent from the 1,565 transactions a year earlier and well below the five-year average of 1,603.

Firm backed by billionaire tech magnate Terry Matthews says it hopes to start construction on the $120-million project, which will include a restaurant and about 250 apartment units, this fall.

In an effort to boost Ottawa’s central apartment supply, CLV and InterRent are transforming the traditional office tower into The Slayte, a luxury apartment development that will be home to over 150 elevated rental suites. 

After fuelling Canada's economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate.