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Real Estate
Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
Minto Apartment REIT filing opens door to up to $800M in new financing
The move allows Minto to fast-track the process of issuing new units on the Toronto Stock Exchange as a means of raising capital to acquire
Richcraft plans pair of residential highrises near corner of Bank and Lisgar
The development would include a total of 521 suites in a mix of studio, one-, two- and three-bedroom units, plus underground parking with paid spots
Prime Benefits Group gives employers ‘competitive hiring advantage’
Two long-time leaders in the employee benefits sector are joining forces to provide business owners flexible insurance plans.
Condos on OREB’s ‘watchlist’ as inventory jumps in November
Board says the number of condos listed for sale is 25 per cent higher than a year ago, and properties are staying on the market
Minto Apartment REIT makes first move into B.C. by backing Vancouver-area project
The REIT is providing $11.9 million for a joint venture between Minto Properties, and a subsidiary of B.C.-based Darwin Properties to build the first phase
Average Ottawa home price to rise 7% in 2021, Re/Max forecasts
The average sale price of a home in Ottawa was $524,956 in the first 10 months of 2020, brokerage said Tuesday, up 19.2 per cent
Claridge eyes six-tower, 2,000-unit housing project near Carling and Clyde
The 6.65-acre property is now home to an abandoned industrial building previously owned by dairy giant Saputo.
Ottawa’s office vacancy rate to remain among Canada’s lowest in 2021: Report
Avison Young is forecasting the local vacancy rate at around seven per cent, the second-lowest among major Canadian cities behind Vancouver.
Trinity to preserve heritage gas station as part of Westboro development
Developer is proposing a nine-storey mixed-use building that will incorporate the shuttered 1930s-era gas station at 70 Richmond Rd. into the design.
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