Residential

The annual pace of housing starts in Ottawa-Gatineau fell 13 per cent in July after surging in...

July home sales saw the largest year-over-year increase in more than two years, but were little changed from June, the Canadian Real Estate Association said Tuesday.

InterRent REIT said the occupancy rate in its buildings fell slightly in the second quarter compared with the first three months of 2023 but was up from the same period a year ago as the firm saw gains in most of its key financial metrics.

The Ottawa Real Estate Board says home sales and prices ticked up in July compared with the same month last year – but transactions and new listings have been slowing as summer goes on amid further interest rate hikes.

Colonnade BridgePort says it plans to build five residential highrises with upwards of 1,200 units on property near the Blair LRT station it purchased earlier this year.

The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market.

The average home price in Ottawa fell in the second quarter compared with a year earlier, Royal LePage says.

CLV Group plans to gut the recently vacated Narono Building at 360 Laurier Ave. W. and turn it into a residential development with 139 rental units, president Oz Drewniak told OBJ on Wednesday. 

Katasa Group, which recently filed plans to replace a Centretown medical building with an apartment complex, wants to construct two highrises on St. Laurent Boulevard that would contain a total of more than 400 residential units.

Home sales in the capital rose year-over-year in June, but prices held steady as the city’s resale housing supply keeps “trending in the right direction,” the Ottawa Real Estate Board said Wednesday.