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.

Capital’s office vacancy rate jumps to 8.7% in Q4 2020 as sublease space grows: CBRE

Non-Residential

All told, tenants shed nearly 800,000 square feet of office space last year – the highest net negative absorption of real estate in Ottawa since

Ottawa’s InterRent REIT expands into Vancouver market as partner in $292M acquisition

Residential

Firm said Monday it’s teaming up with Toronto-based Crestpoint Real Estate Investments to acquire 15 properties with a total of 614 suites in Canada’s third-largest

T.O. real estate firm, Colonnade BridgePort partner to buy Metcalfe Street office tower

Non-Residential

Deal for 12-storey office building at 81 Metcalfe Street is valued at nearly $12.5 million.

Average Ottawa home prices jumped 20% in 2020: OREB

Residential

Overall, nearly 19,000 homes changed hands last year, a slight increase over 2019’s total of about 18,600.

All in the family: Sender Gordon takes over for dad Steve as president and CEO of Regional Group

Real Estate

Third-generation executive officially took the reins on Jan. 1 and follows in the footsteps of his father, who’d run the company since 1984.

Scarabelli Realties eyes 16-storey residential tower on northern edge of Glebe

Real Estate

Proposed Chamberlain Avenue project is the latest infill plan along the Queensway corridor in the Glebe and Centretown.

First Capital sells 50% stake in trio of Gatineau retail properties

Non-Residential

REIT says it’s agreed to sell a 50 per cent non-managing interest in retail centres Carrefour du Versant, Place Nelligan and Place Cité des Jeunes

The strongest tenant-friendly market of our lifetime is upon us

OBJ360 Sponsored, Real Estate, Sponsored

Real Strategy Advisors is cautiously optimistic that the vast majority of executives we speak with are in favour of an eventual return to the physical

Pomerleau to build $42M Parks Canada artifact storage facility in Gatineau

Construction

It’s the second major contract the Quebec firm has won for a project in the National Capital Region over the last two months.

Housing starts jump in November, CMHC says

Residential

Ottawa-Gatineau developers started work on 1,496 new builds in November, according to the federal agency, up from the 1,240 starts recorded in November 2019.