Residential

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

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 up just three per cent of all deals.

Ottawa developer proposes pair of rental highrises near science museum

Manor Park Capital says it wants to construct two towers of 25 and 20 storeys on St. Laurent Boulevard near the intersection of Lancaster Road about three blocks west of the museum.

Million-dollar-plus ‘luxury’ home sales booming in Ottawa, Re/Max says

A total of 1,766 homes sold for at least $1 million in Ottawa in 2021, more than double the previous year’s tally of 750 such “luxury” transactions, the firm says.

Ottawa-Gatineau housing starts nosedive in December: CMHC

Builders started work on 393 new dwellings in the region last month, a steep drop from the 1,074 starts recorded in December 2020.

Canadian home sales set new record in 2021, topping previous high by 20%: CREA

Canadian Real Estate Association said Monday that about 667,000 residential properties changed hands in 2021, about 30 per cent more than the 10-year average.

Ottawa home prices jump 17% in Q4: Royal LePage

Median price of a single-family detached home in the capital rose 20 per cent year-over-year to $876,600 in the quarter, while condo prices increased 11.5 per cent to $417,700.

Developer eyes plan to replace Bank Street retail plaza with 16-storey mixed-use complex

SerCo Realty Group wants to build a highrise with 160 rental suites at 1400 Bank St., just south of the Billings Bridge Shopping Centre, on land currently occupied by a two-unit retail property.

Cadillac Fairview floats plan for 21-storey highrise at Rideau Centre

Mall owner wants to construct a mixed-use tower with 280 rental apartments and ground-floor retail space on land currently occupied by a heritage building.

Current housing supply shortage ‘not sustainable,’ OREB president warns

The average residential-class home sold for $716,992 last month, up from just over $600,000 a year earlier, the Ottawa Real Estate Board said Friday.

Ottawa house prices expected to rise 5% in 2022, Re/Max says

Firm predicts the city’s housing inventory will grow slightly in the year ahead but says “low levels are expected to remain a concern.”
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