Real Estate

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.

Life after lockdowns, in combination with a series of aggressive interest rate hikes, is causing quick shifts in Ottawa’s real estate market. What do residents need to make informed buying/selling decisions?

The purchase of the five-storey, 163,000-square-foot property in the Kanata West Business Park enlarges Morguard’s total Ottawa portfolio to 5.5 million square feet.

The big themes coming out of discussions with clients and business leaders all revolve around the desire to create space that is magnetic and gets people excited to come back to the office.

Housing agency says work began on 2,130 new housing units in the National Capital Region last month, with multi-unit builds soaring almost 400 per cent year-over-year.

On a seasonally adjusted basis, the association says sales in July fell 5.3 per cent compared with June. The actual number of sales last month was 37,975, down 29 per cent compared with July last year.

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Ottawa-based firm says it’s seeing “big spike in activity” from tech tenants that are downsizing their real estate footprints but still need meeting and collaboration space.