Residential

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.

Judge upholds city’s bid to preserve Kanata Golf and Country Club as greenspace

Property owner ClubLink wants to partner with Minto Communities and Richcraft Homes to build more than 1,500 homes on the 71-hectare site.

Housing starts stay strong in January thanks to multi-unit builds, CMHC says

Ottawa homebuilders started work on 450 new dwellings in January, up from 371 starts in the same month in 2020, the federal agency reported this week. 

Average Ottawa household spent 16% of its income on mortgage payments in 2020: study

That's up slightly from 10 years ago but still well below the “affordability threshold” of 30 per cent, according to the new report from real estate search portal Point2.

Price ceilings on the rise: Surge in million-dollar sales pushes average Ottawa home value to new heights

Local realtors said 63 properties sold for at least $1 million last month, compared with 16 transactions valued at $1 million-plus in January 2020.
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