Residential

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.

Minto Apartment REIT sells Nepean-area properties for $86M

Minto Apartment REIT has sold two properties to Ottawa Community Housing Corp. for $86 million as the...

Smart Living Properties proposes nine-storey mixed-use complex on ‘iconic’ Bank Street stretch

Smart Living Properties has filed a proposal to tear down the bulk of the existing two- and three-storey commercial buildings at 178 Nepean St. and 219 and 223 Bank St. and replace them with a mixed-use complex featuring 263 rental suites and nearly 11,000 square feet of ground-floor retail space.

Economists see ‘turning point’ in housing market this year as interest rate cuts loom

After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe the Canadian housing market could be in for a rebound in 2024.

Ottawa home sales rise in December as OREB hopes ‘consumer confidence is returning’

Ottawa home sales ticked up slightly in December compared with a year earlier but were still well...

Ottawa home prices expected to rise 4.5% in 2024 as pent-up demand grows: Royal LePage

Royal LePage is forecasting the aggregate price of an Ottawa home will rise 4.5 per cent year-over-year...

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