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.

InterRent REIT says ‘strong balance sheet’ has it primed for 2021 bounceback

Ottawa-based real estate investment trust said its funds from operations rose nearly 11 per cent last year to $56.7 million.

Ottawa-Gatineau housing starts tumble in February, CMHC says

Builders started work on just 754 new units last month, down from 1,178 in February 2020, the housing agency reported Monday.

CEO of Montreal’s PROREIT sees ‘real future’ for Ottawa industrial sector as firm adds to local portfolio

Real estate investment firm said Monday it’s buying three industrial buildings in the capital region totalling 283,000 square feet.

Minto Apartment REIT’s earnings up in 2020 despite rising vacancies

The REIT said it generated funds from operations of $50 million for the year ending Dec. 31, up from $39.6 million in 2019.

E-commerce boom adds to pressure on Ottawa industrial market

Urban boundary expansion opens new opportunities to meet growing demand

LaSalle Investment Management buys into Trinity’s Rideau & Chapel rental housing project

Chicago-based firm has purchased a 47.5 per cent interest in development that will see a pair of 25-storey highrises constructed at the corner of Rideau and Chapel streets.

How Ottawa merchants can survive and thrive amid COVID-19

New product offerings, a shift to online sales and better use of digital marketing are some of the strategies Ottawa merchants are employing to engage customers in new ways.

Brigil buys downtown Gatineau Sheraton hotel with eye to developing nearby land

“It’s a very important site for the post-COVID economic growth of the (city) centre,” says Brigil’s vice-president of development, Jessy Desjardins.

ClubLink to appeal court decision that maintains Kanata golf course as greenspace

Course owner says club is no longer financially viable and wants to partner with Minto Communities and Richcraft Homes to construct more than 1,500 homes on the 71-hectare property.