Real Estate

Multi-unit starts on the Quebec side of the river dropped from 547 in April 2021 to just 163 last month, a decline of 70 per cent.

Over the last couple of years, Ottawa real estate has been through a whirlwind of change. Notably,...

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A blossoming Ottawa-based property management firm has chosen one of Canada’s fastest-growing cities for its first acquisition outside the National Capital Region.

Ottawa firm said its funds from operations rose nearly 18 per cent compared with the first quarter of 2021, while its same-property occupancy rate jumped almost five percentage points.

As the capital’s million-dollar market continues to boom, luxury real estate firms like Engel & Völkers are being kept busy

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 cent from 91.1 per cent in the same period.

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 and just above the five-year average of 1,849.

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 to keep up with city's population growth, agency says.

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.