Real Estate

Two downtown office towers totalling more than 300,000 square feet at 400 Cumberland St. and 77 Metcalfe St. have sold for a combined $60 million.

While construction slowed down on the Gatineau side of the Ottawa River, with the number of new starts falling to 132 from 151 the previous June, builders in Ottawa picked up the pace.

The association revealed Friday that June home sales amounted to 48,176, a 24 per cent drop from 63,280 during the same month last year.

Firm says it now expects the aggregate price of a home in Ottawa will be up 10 per cent in the fourth quarter of 2022 compared with a year earlier, down from its previous forecast of 13 per cent.

Large tenants could start looking at properties in other markets along the St. Lawrence Seaway to address surging demand for warehousing and storage facilities, new report from Colliers says.

Members of the Ottawa Real Estate Board sold 1,508 residential properties last month, a drop of nearly 30 per cent from June 2021.

In the eighth volume of Real Spaces Magazine, Real Strategy explores insights coming out of the first quarter of 2022 with respect to Ottawa and Gatineau’s office market.

In the eighth volume of Real Spaces Magazine, Real Strategy explores insights coming out of the first quarter of 2022 with respect to Ottawa and Gatineau’s office market.

Federal housing agency says growth was driven by increases in both the value and volume of uninsured mortgages for property buying and refinancings.

Builder known for its environmentally friendly projects wants to construct three buildings with a total of 510 residential suites near the northwest corner of Richmond Road and the SJAM Parkway.