Residential

City committee backs developer’s bid for $350K brownfield grant for Westboro site

Azure Urban Developments wants to build a 25-storey highrise with 264 apartments and 160 underground parking spaces at 2070 Scott St.

Home prices continue surge, but supply grows in May: OREB

The average residential-class property in the capital sold for $741,000 in May, an increase of 35 per cent over the same month a year ago.

City committee approves proposed tax on vacant residences

Proposal would see owners of residential properties that are vacant more than 184 days a year pay a one per cent tax tacked onto their annual property tax bill.

Montreal developer behind heritage hotel plan calls move into Ottawa a ‘natural progression’

Marc Varadi's firm, Rimap Development, has a growing portfolio of projects in the capital that also includes another downtown hotel and an apartment highrise in Centretown.

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 apartment units beside it.

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 growth across the region.

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 of 2020 to $16.2 million. 

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 average.

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.
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To help showcase the 2026 Forty Under 40 recipients, OBJ and the Ottawa Board of Trade produced several video profiles. In this video, we asked the Forty Under 40 recipients about what they like about living and doing business in Ottawa. Want to read more about the 2026 Forty Under 40? Check out OBJ’s June magazine, which includes features and profiles on all the recipients. Read the digital edition here: https://issuu.com/greatrivermedia/docs/obj_flagship_june_2026?fr=sMTU4NzkxNTQ5MjQ Nominations for 2027 will open in June. Check this website for updates: https://fortyunder40.smapply.io/prog/forty_under_40_online_nomination_process/ #FortyUnder40 #OttawaBusinessJournal #OttawaBoardOfTrade #OttawaBusiness #OttawaLeaders #BusinessCommunity #BehindTheScenes
What do you love about Ottawa? | 2026 Forty Under 40 Recipient Profiles

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