Residential

InterRent REIT said Wednesday 84 per cent of the suites in its 158-unit Slayte rental project on Albert Street were leased as of the end of October. That’s up from less than 50 per cent at the beginning of May, when interior construction of the building was still being completed.

The province has been saying it would remove its eight per cent portion of HST if the federal government dropped the five per cent goods and services tax on rental housing builds.

A new report by TD Economics predicts Canadian home sales and average prices will fall over the coming months but pick up by the second quarter next year.

The Greater Ottawa Home Builders’ Association said Monday it is “extremely disappointed” by the provincial government’s intention to “wind back” changes it made to Ottawa’s Official Plan. 

Ottawa-Gatineau’s annual pace of housing starts rose 18 per cent in September compared with August thanks to...

The 16-storey highrise at 50 Laurier Ave. E. and 170-180 Waller St. was acquired by Homestead Land Holdings from QuadReal Property Group and RBC Global Asset Management in a deal that closed in late September.

The Canadian Real Estate Association is lowering its forecast for home sales and prices this year due to weakness in Ontario and B.C.

Real estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent.

Home sales in Ottawa were 29.6 per cent below the five-year average and 23.6 per cent below the 10-year average for the month of September, the Ottawa Real Estate Board (OREB) reported Friday.

OBJ sat down with Minto Communities president Brent Strachan to discuss the challenges facing the housing industry, how the public and private sectors can help, and what the future holds for Minto.