Residential

January home sales rise as markets tighten but prices still softening: CREA

The Canadian Real Estate Association says January home sales jumped 22 per cent compared with a year ago, the largest year-over-year gain since May 2021. 

Taggart proposes 16-storey residential tower near Bayview Station

The Taggart Group of Companies hopes to break ground on the project at 989 Somerset St. and 186 Spruce St. within the next 12-24 months, “assuming favourable economic conditions,” chief operating officer Derek Howe said in an email to OBJ.

Feds’ $176M contribution no silver bullet to solve housing crisis, Ottawa developer says

An advocate for Ottawa’s homebuilding industry says a $176-million influx of federal cash to speed up the...

Ottawa home sales up, but strong start to 2024 unlikely to delay BoC rate cuts: economists

Ottawa home sales rose year-over-year in January, but the market remains “relatively quiet” as would-be buyers continue...

High-profile businessperson buys distinctive Dow’s Lake mansion for $5M

A modern mansion at Dow’s Lake has sold for $5 million, making it Ottawa’s highest-priced luxury home sale over the past 12-month period.

Rents rise in 2023 as Ottawa’s vacancy rate holds steady at 2.1%: CMHC

A record number of new rental units were completed in Ottawa last year, helping offset growing demand...

New home sales in Ottawa down 50% since 2021, study shows

New home sales in Ottawa fell nearly 50 per cent over the past two years as higher...

Montreal firm’s two-building proposal for Stittsville includes 25-storey residential highrise

A Montreal-based developer wants to build a new multi-residential project in Stittsville that would include more than...

Ottawa aggregate home prices rose 4.8% in 2023 but fell in Q4, Royal LePage says

The aggregate price of a home was $754,700 at the end of December, the real estate company said. While that was up from the start of the year, it represented a 1.1 per cent decrease from the third quarter, Royal LePage said.

Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution

December home sales were up 3.7 per cent compared with the same month in 2022, marking the largest year-over-year gain since August. The actual national average price of a home sold in December was $657,145, up 5.1 per cent from December 2022.

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