Residential

Interest rate hike won’t cool housing, say experts

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Housing experts say prospective homebuyers hoping Wednesday’s interest rate hike will cool the country’s heated real estate market will likely be disappointed.

Gatineau developer eyes plan to replace Merivale strip mall with two-phased apartment complex

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Katasa Group recently filed an application with the city to build a nine-storey residential project at 1509 Merivale Rd., just south of the intersection of

Fengate to build 1,900 residential units at pair of prime Ottawa development sites

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Toronto firm says it has purchased a one-acre site at 1209 St. Laurent Blvd., across from the St. Laurent Shopping Centre, as well as property

Ottawa rents rise 2.2% in 2021, vacancy rate holds steady, CMHC says

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While a “considerable number” of new units were added to the city’s rental housing stock last year, the agency said demand rose enough to keep

Housing starts dip slightly in January, CMHC says

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Developers launched 640 new builds last month, agency says, down three per cent from the 661 starts recorded in January 2021.

Developer wants to raze vacant Bells Corners restaurant, build rental complex

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The new development would include 51 apartment units and 59 parking spots, with 56 of those spaces in a two-level underground garage.

U of O grads on a mission to improve student housing

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Founders’ company, TCU Development Corp., currently has about 750 units under development, with 89 projects completed to date.

Million-dollar threshold no barrier as high-end home sales surge, OREB says

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Detached home sales topping the million-dollar mark accounted for 14 per cent of local transactions in January – up substantially from 2020, when they made