Residential

The association said Thursday the move lower more than erased the gain seen in October and resumed the overall trend lower for the year.

The real estate company says the aggregate price in Ottawa will rise to $739,602 by the end of next year, up from an estimated $725,100 this year.

It marked the ninth consecutive month that home sales in the capital declined compared with a year earlier.

In the report released Tuesday, Re/Max Canada says it expects the average sale price of a home in Ottawa to rise to $683,000 next year, up from just under $657,000 at the end of October.

With foot traffic in downtown Gatineau showing the biggest decline in Canada during the pandemic, Brigil VP Jessy Desjardins believes his firm can play a big part in reversing that trend over the next decade.

The report by CMHC deputy chief economist Aled ab Iorwerth says the scale of the problem is so large that the private sector must be involved.

The idea of turning offices that are past their best-before dates into apartments or condominiums is hardly novel, but real estate experts say the conversion trend is gaining momentum in Ottawa.

The Canadian Real Estate Association says home sales in October posted their first monthly gain since February. The...

InterRent REIT’s buildings edged closer to full occupancy in the third quarter amid a rental market rebound...

Minto Apartment REIT continued to benefit from a resurgent rental market in the third quarter as the...