Residential

Ottawa housing starts down 18% in first half of 2023 despite apartment-building boom: CMHC

The housing agency says builders started work on 2,164 new apartment units, including condominiums and rentals, between January and the end of June, up 38 per cent from the same period in 2022.

Ottawa condo sector ‘gaining momentum’ heading into final quarter of 2023: Re/Max

A total of 2,454 condos changed hands in the capital between January and the end of August, down from 2,964 in the same period in 2022, Re/Max said in its annual condominium report released Tuesday.

Developer says it will build 1,000-plus rental units in Ottawa because of Liberals’ GST break

A Toronto-based real estate company says it is planning to build 5,000 new rental units in urban centres across the country as a result of the federal government's decision to eliminate GST charges on rental developments.

Freeland introduces bill to remove GST off rental developments, amend competition law

Finance Minister Chrystia Freeland introduced legislation Thursday morning that would remove GST charges from new rental developments and update the country's competition law.

Ottawa-Gatineau’s annual pace of housing starts jumps 39% in August: CMHC

The annual pace of housing starts in the National Capital Region bounced back last month, rising 39...

Removing GST from new rental construction will make builds more viable, developers say

The federal government’s plan to remove the GST from the construction of new rental projects will trim...

National home sales fall 4% between July and August as market slows: CREA

The Canadian Real Estate Association says home sales slowed last month as they tumbled by roughly four per cent between July and August.

Home sales up year-over-year in August, but ‘further fluctuations’ expected: Ottawa Real Estate Board

Ottawa’s housing market picked up slightly in August compared with a year earlier, but the leader of...

Interest rate hikes might be over but don’t expect housing market to flare up: BMO

One Bay Street economist says it's unlikely the housing market will flare up, despite the Bank of Canada's decision to keep its key interest rate on hold on Wednesday.

Ottawa home prices forecasted to decline this fall amid high interest rates: Re/Max

In its fall market outlook released Tuesday, Re/Max Canada says it expects the average sale price of a home in Ottawa to drop to about $712,697 by the end of 2023, down two per cent from $727,242 at the end of July.

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