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.

City committee approves proposed tax on vacant residences

Proposal would see owners of residential properties that are vacant more than 184 days a year pay a one per cent tax tacked onto their annual property tax bill.

How realtors can unlock new listings in Ottawa’s tight market

A local real estate firm is helping open new business opportunities for realtors by helping them match their clients with the perfect new home.

How Ottawa’s business community is helping CHEO navigate COVID-19

Staff at the local children’s hospital say the ongoing support from the city’s business community is needed now more than ever.

Feds inch forward with major redevelopment of Parliamentary Precinct block

Several firms with an Ottawa presence are among the companies that have qualified for a design competition aimed at restoring and modernizing the historic buildings.

Montreal developer behind heritage hotel plan calls move into Ottawa a ‘natural progression’

Marc Varadi's firm, Rimap Development, has a growing portfolio of projects in the capital that also includes another downtown hotel and an apartment highrise in Centretown.

Developer proposes hotel, 22-storey apartment tower for ByWard Market site of former Shopify HQ

Montreal's Rimap Development says it wants to convert the heritage building at 126 York St. into a 214-suite hotel and build a highrise with 280 apartment units beside it.

Gatineau gains fuel surge in April housing starts: CMHC

Local builders started work on 588 new units on the Quebec side of the river last month, accounting for the lion’s share of the year-over-year growth across the region.

Collaboration in a hybrid office: A return-to-work checklist for employers

A return to the office and renewed opportunities for in-person collaboration are finally in sight for businesses...

InterRent REIT rides wave of acquisitions to solid Q1 performance

Ottawa-based company said its funds from operations – a key cash-flow metric for REITs – rose nearly 12 per cent compared with the first quarter of 2020 to $16.2 million. 

Minto Apartment REIT sees vacancies rise in Q1

Company blames drop in suite occupancy rates on economic fallout from the pandemic.
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