Katasa Group – which recently acquired a pair of office towers on Slater Street in one of the city’s biggest real estate deals this year – has applied to construct two buildings on a vacant 1.1-acre site at the southwest corner of Carling and Bronson avenues.
Home sales in Canada last month ticked up on an annual basis but fell 5.6 per cent compared with September as the Canadian Real Estate Association says both buyers and sellers appear to be holding off for the time being.
After refinancing hundreds of millions of dollars’ worth of mortgages earlier this year, Minto Apartment REIT says it is looking at refinancing other properties in an effort to reduce its debt.
The federal government says it will build more than 2,800 homes on its properties in cities across the country, putting it on track to build nearly 30,000 homes on public lands over the next six years.