Real Estate

Detached home sales topping the million-dollar mark accounted for 14 per cent of local transactions in January – up substantially from 2020, when they made up just three per cent of all deals.

The longer we wait for a full-scale return to the office, the harder it will be to entice staff to return at all.

New site joins a 29,000-square-foot Spaces location that opened last year on the Gatineau side of the Zibi development in former industrial buildings east of Eddy Street.

Company is a partner of one of the city’s biggest industrial acquisitions in years – the $155-million purchase of 18 small-bay properties totalling nearly 700,000 square feet. 

Manor Park Capital says it wants to construct two towers of 25 and 20 storeys on St. Laurent Boulevard near the intersection of Lancaster Road about three blocks west of the museum.

The transaction marks the first foray into the Ottawa market for Colorado-based Woodbourne, which will hold the majority stake in the 700,000-square-foot portfolio.

T.O.-based firm acquires 90 per cent stake in 2.8-million-square-foot warehouse, which opened last year and is the largest facility of its kind in Canada.

A total of 1,766 homes sold for at least $1 million in Ottawa in 2021, more than double the previous year’s tally of 750 such “luxury” transactions, the firm says.

NCC is selling 1.1-hectare site between the Pimisi LRT station and the future main branch of the Ottawa Public Library to a group led by Toronto-based Dream for $30 million.

Local real estate experts say that while office space is here to stay, it will likely be configured very differently once people start returning to their cubicles en masse.