Residential

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.

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 and Chapel streets.

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 on the 71-hectare property.

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 last year were in that price bracket, agency says.
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