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.

Ottawa developer aims to convert Cooper Street office building to apartments

SerCo Realty Group says it plans to add an extra floor to the seven-storey building at 331 Cooper St. and turn the property into a 45-unit rental housing complex.

Housing starts rise in December, CMHC says

Developers launched 1,074 new builds last month, according to the Canada Mortgage and Housing Corp., up from 854 starts recorded a year earlier. 

Sunday shopping bans, the opening of the Rideau Centre and the pandemic’s toll: Richard Getz reflects on 40 years of retail real estate

Retired VP of retail at Colonnade BridgePort to continue raising funds for Royal Ottawa Foundation for Mental Health

Ottawa to remain a ‘strong seller’s market’ for homes in 2021, Royal LePage says

After a year that saw home average home prices jump 20 per cent, Ottawa homebuyers can expect little relief in the months ahead, according to a major Canadian real estate brokerage.

Ottawa engineering firm J.L. Richards names eight new associates

Firm has appointed Tamara Gauthier, Robert Langlois, Matthew Morkem, Tracy O’Brien, Joël Primeau, Steve Saxton, Sarah Vereault and Jane Wilson associates.

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

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 2002.

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

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 city.

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

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

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

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.
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