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.

T.O. real estate firm launches new fund aimed at financing expanded Ottawa portfolio

Crown Realty Partners says the fund has closed its first round of financing with more than $140 million worth of commitments from institutional investors and family offices.

Planning committee gives thumbs-up to revised Chateau Laurier design

Plan for controversial addition to the iconic downtown hotel will now go to full council for consideration on Feb. 24.

Ottawa’s Windmill Development Group partners with T.O. firm on $100M green real estate fund

Two years in the making, project aims to finance environmentally sustainable developments in Ottawa and the Greater Toronto Area.

Bilingualism pays off for Ottawa businesses

One of the region’s leading business organizations is helping local retailers and service providers speak to a new pool of customers in the National Capital Region.

Average Ottawa household spent 16% of its income on mortgage payments in 2020: study

That's up slightly from 10 years ago but still well below the “affordability threshold” of 30 per cent, according to the new report from real estate search portal Point2.

Price ceilings on the rise: Surge in million-dollar sales pushes average Ottawa home value to new heights

Local realtors said 63 properties sold for at least $1 million last month, compared with 16 transactions valued at $1 million-plus in January 2020.

Montreal developer files five-building plan for former Iranian Cultural Centre site in Sandy Hill

Proposal would see 1,600 residential units constructed at 2 Robinson Ave., about half a kilometre from the University of Ottawa's main campus.

Ottawa’s rental apartment vacancy rate jumps to 3.9%: CMHC

More than 2,300 new rental units were added to the city’s inventory last year, yet the agency estimates that only about 890 of those were actually occupied.

NCC to unveil shortlist of potential contractors for LeBreton library lands in April

The announcement of the shortlisted developers will follow a review of preliminary proposals from applicants, who have until Feb. 8 to submit their vision for the land.

Toronto hotel developer proposes 800-unit rental housing project in central Kanata

Bayview Hospitality Group's plan calls for three apartment buildings and nearly 200 stacked dwelling units between the Kanata Golf and Country Club and the Kanata Centrum Shopping Centre.
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