Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
The 5,200-square-foot warehouse, located at 2764B Sheffield Rd., is positioned to serve not only Ottawa, but other nearby metropolitan areas, the company said in a news release.
Achieving housing affordability for everyone in Canada will require developers to become more productive and make full use of land holdings to build more housing, CMHC says.
The Bank of Canada said in a study Monday that the closure of many downtown services coupled with a desire for more living space increased demand for homes in suburban areas.
A venerable Ottawa curling club could be replaced by a trio of highrises featuring more than 850 rental apartment units if the city approves a recently filed application from a local developer.
This amount is complemented by $740,000 for fee and development charge waivers from the City of Ottawa and $4 million in Ontario Priorities Housing Initiative funding.