Real Estate

Firm has filed an application with the city for a 10-storey building at 18 Louisa St., just south of Gladstone Avenue near the corner of Bell Street.

Ottawa-based firm said its funds from operations – a key cash-flow metric – rose 16.5 per cent compared with the second quarter of 2020 to $17.8 million. 

The average sale price of a residential-class property in the capital was about $685,000 last month, up 17 per cent from a year ago.

As more professionals permanently embrace remote work, individuals and couples can turn to communities such as Johanne’s Court or The Lodge to offer the right mix of modern living and rural relaxation.

Centennial Developments Corp. says the building on Bayswater Avenue near the intersection of Somerset Street West would feature 40 units.

John Zinati is one of a growing number of local real estate executives who’ve left comfortable, secure jobs at established big-name companies to start their own brokerages and advisory firms.

Homestead Land Holdings recently filed an application with the city to construct a 25-storey building with 235 apartment units near two existing highrises at 1300 McWatters Rd.

High demand, rising rents and the recent successes of other projects are leading to speculative developments picking up across the city, particularly near 400-series highways.

The decrease was primarily due to a relatively low number of multi-residential starts, which can fluctuate from month to month.

The citywide office vacancy rate rose to 9.8% at the end of June, up from 9.6% in the first quarter.