Residential

New home listings soared in the capital last month, but demand failed to keep pace as sales declined from the previous year in what has been an “unsteady” spring housing market, the Ottawa Real Estate Board says.

A study by Canada's national housing agency says housing starts aren’t keeping pace with available residential construction resources due to restrictive regulations and a "highly fragmented" industry.

On a month-over-month basis, CREA said home sales in April were down 1.7 per cent, while newly listed properties available for sale rose 2.8 per cent to kick off the spring market.

Ottawa home sales jumped 8.9 per cent in April compared with the same month last year as “mutual confidence among both buyers and sellers” gave the market a lift, the Ottawa Real Estate Board says.

The head of Ottawa-based Creative Dev Ventures says communities in the area must be willing to cooperate and be creative to facilitate more housing and development options.

The head of a Crown corporation that buys and develops federal properties says he’s hoping to speed up projects such as converting empty government office buildings into apartments in a bid to boost Ottawa’s housing stock.

In its revised application filed with the city, Devmont says it is scaling back the height of the main tower in its proposal for 6310 Hazeldean Rd., across the street from Stittsville Corners Shopping Plaza, and is readjusting the size of other parts of the development to maintain the same number of units.

New home sales continue to rise in the National Capital Region compared with a year ago, the...

Solving a longstanding construction worker shortage will be key to boosting housing supply, experts say, as Canada's national housing agency continues to forecast housing start levels that fall short of growing demand.

Claridge Homes wants to raze several residences and office buildings to make way for a project that...