Residential

Builder confident three-tower Baseline Road project will go ahead despite shadow concerns

An Ottawa developer says he remains optimistic his plan to build a series of highrises along Baseline...

Katasa seeks approval to build 22-storey mixed-use highrise at Bronson and Carling

Katasa Group – which recently acquired a pair of office towers on Slater Street in one of the city’s biggest real estate deals this year – has applied to construct two buildings on a vacant 1.1-acre site at the southwest corner of Carling and Bronson avenues.

Annual pace of housing starts in Ottawa-Gatineau down 11% in October: CMHC

Canada Mortgage and Housing Corp. says the annual pace of housing starts for October ticked up from September.

Home sales slow in October as many buyers have already ‘gone into hibernation’: CREA

Home sales in Canada last month ticked up on an annual basis but fell 5.6 per cent compared with September as the Canadian Real Estate Association says both buyers and sellers appear to be holding off for the time being.

Taggart Group downsizes proposed Kent Street residential highrise

Taggart Group says its revised plan for 359 Kent St. now calls for a 27-storey highrise rather than the 30-storey tower it proposed earlier this year.

Minto Apartment REIT eyes more refinancing as mortgage costs rise

After refinancing hundreds of millions of dollars’ worth of mortgages earlier this year, Minto Apartment REIT says it is looking at refinancing other properties in an effort to reduce its debt.

Ottawa home sales down 2.7% in October amid rising borrowing costs

Ottawa home sales fell 2.7 per cent last month compared with October 2022 as rising mortgage rates...

Feds unlock public properties to build homes, say 1,600 units will be built in Ottawa

The federal government says it will build more than 2,800 homes on its properties in cities across the country, putting it on track to build nearly 30,000 homes on public lands over the next six years.

Slayte office-to-residential conversion project now 84% leased, InterRent REIT says

InterRent REIT said Wednesday 84 per cent of the suites in its 158-unit Slayte rental project on Albert Street were leased as of the end of October. That’s up from less than 50 per cent at the beginning of May, when interior construction of the building was still being completed.

Ontario scraps its portion of HST on purpose built rentals

The province has been saying it would remove its eight per cent portion of HST if the federal government dropped the five per cent goods and services tax on rental housing builds.

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