Region’s annual rate of housing starts fell 58% in January: CMHC
The six-month rolling average – designed to smooth out monthly fluctuations – was 1,735 units, compared with 4,095 units in December.
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Residential
Affordable housing in Ottawa gets $18.5M boost from feds
At least 48 new units of affordable housing will be built in Ottawa thanks to funding announced Monday by the federal government.
Ottawa home prices, sales continue to slide in January: OREB
The average price for a freehold-class property in Ottawa was $676,272 in January, the board said, down 12 per cent from a year earlier.
Michael Waters stepping down as CEO of Minto Apartment REIT
Minto has named Jonathan Li, who is currently the REIT’s president and chief operating officer, as Waters’ replacement.
CREA predicts 2023 home sales to edge down 0.5% from 2022 mark
The Canadian Real Estate Association expects home sales to edge down less than one per cent and prices to fall almost six per cent from
Luxury Ottawa home sales buck slowdown trend, up 8.6% in 2022: Report
Sales of homes worth at least $1 million rose in Ottawa last year even as overall transactions dropped from 2021 levels, a new report says.
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