Developer proposes hotel, 22-storey apartment tower for ByWard Market site of former Shopify HQ
Montreal’s Rimap Development says it wants to convert the heritage building at 126 York St. into a 214-suite hotel and build a highrise with 280
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Residential
Gatineau gains fuel surge in April housing starts: CMHC
Local builders started work on 588 new units on the Quebec side of the river last month, accounting for the lion’s share of the year-over-year
InterRent REIT rides wave of acquisitions to solid Q1 performance
Ottawa-based company said its funds from operations – a key cash-flow metric for REITs – rose nearly 12 per cent compared with the first quarter
Minto Apartment REIT sees vacancies rise in Q1
Company blames drop in suite occupancy rates on economic fallout from the pandemic.
Ottawa home starts to fall from 2020’s record high: CMHC
Agency says resale housing market will “remain robust in 2021,” with average prices expected to reach up to $640,000 – nearly $110,000 above the 2020
Ottawa house prices soar 42% in April, real estate board says
Residential-class homes in Ottawa sold for an average of nearly $743,000 last month, latest figures show.
Toronto’s Marlin Spring acquires three Ottawa retirement homes from Revera
Deals are part of real estate firm’s bid to expand its portfolio of retirement residences across North America.
Minto Apartment REIT loans sister firm $50M for Beechwood project
Minto Properties will construct the nine-storey building with about 230 rental suites at a one-acre site on Beechwood Avenue, and the REIT will have the
Gemstone teams up with Montreal firm on Centretown mixed-use highrise plan
Ottawa company hoping to attract a co-working provider and restaurant for commercial portion of proposed development at Somerset and O’Connor streets.
Ottawa housing starts bounce back big in March: CMHC
Developers in the National Capital Region broke ground on 1,196 new dwelling units last month, up from 634 in March 2020, agency says.
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