After $39M apartment buy, Montreal’s Hazout Group sees big upside in Gatineau rental market
It’s company’s second Gatineau acquisition in less than six months, and firm is eyeing more properties in the National Capital Region.
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Residential
New Gemstone president Josh Zaret maps out ambitious expansion plans
Family-owned business has grown from passive investments to a diversified real estate development and management firm.
Developer floats seven-storey apartment in heart of Westboro
Mixed-use development on the corner of Richmond Road and Winston Avenue would include more than 40 rental suites and ground-floor retail space.
InterRent REIT says ‘strong balance sheet’ has it primed for 2021 bounceback
Ottawa-based real estate investment trust said its funds from operations rose nearly 11 per cent last year to $56.7 million.
Ottawa-Gatineau housing starts tumble in February, CMHC says
Builders started work on just 754 new units last month, down from 1,178 in February 2020, the housing agency reported Monday.
Minto Apartment REIT’s earnings up in 2020 despite rising vacancies
The REIT said it generated funds from operations of $50 million for the year ending Dec. 31, up from $39.6 million in 2019.
LaSalle Investment Management buys into Trinity’s Rideau & Chapel rental housing project
Chicago-based firm has purchased a 47.5 per cent interest in development that will see a pair of 25-storey highrises constructed at the corner of Rideau
ClubLink to appeal court decision that maintains Kanata golf course as greenspace
Course owner says club is no longer financially viable and wants to partner with Minto Communities and Richcraft Homes to construct more than 1,500 homes
Ottawa home prices soar in February as sales hit record heights
The average price of a residential-class property jumped 27 per cent to nearly $720,000 last month compared with February 2020.
Home sales shifting towards pricier housing in Ottawa, CMHC says
While nearly half of all homes trading hands in the capital sold for less than $400,000 in 2019, less than a third of all transactions
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