In documents recently filed with the city, Brigil has revised its application from 2021 that proposed a 30-storey tower just north of the intersection of Ramsey Crescent and Dumaurier Avenue.
Last month’s interest rate cut by the Bank of Canada wasn’t enough to send sidelined buyers in Ottawa rushing back to the real estate market, according to Royal LePage’s Q2 2024 Home Price Update and Market Forecast, released Thursday.
New home listings soared in the capital last month, but demand failed to keep pace as sales declined from the previous year in what has been an “unsteady” spring housing market, the Ottawa Real Estate Board says.
A study by Canada's national housing agency says housing starts aren’t keeping pace with available residential construction resources due to restrictive regulations and a "highly fragmented" industry.
On a month-over-month basis, CREA said home sales in April were down 1.7 per cent, while newly listed properties available for sale rose 2.8 per cent to kick off the spring market.