Residential

Ottawa-based firm is lending its sister company, Minto Properties, more than $50 million to invest in a joint venture that will see B.C. mall converted into mixed-use multi-residential property.

The spring real estate market is one of the most anticipated times of year in our industry....

The average price in the nation’s capital last month was $730,300, according to the Canadian Real Estate Association, up from $630,000 in February 2021.

Builders started work on 877 new dwellings in February, a 16 per cent increase over the 754 starts recorded in the same month in 2021, housing agency says.

Prices in Ottawa's housing market continued to climb throughout 2021, resulting in sharp year-over-year cost comparison.

Ottawa Real Estate Board president Penny Torontow said “unrelenting high demand” for housing is driving up prices despite the bump in supply. 

Housing experts say prospective homebuyers hoping Wednesday's interest rate hike will cool the country’s heated real estate market will likely be disappointed.

Katasa Group recently filed an application with the city to build a nine-storey residential project at 1509 Merivale Rd., just south of the intersection of Clyde Avenue.

Toronto firm says it has purchased a one-acre site at 1209 St. Laurent Blvd., across from the St. Laurent Shopping Centre, as well as property at 1047 Richmond Rd., near Carlingwood Shopping Centre.

While a “considerable number” of new units were added to the city’s rental housing stock last year, the agency said demand rose enough to keep the vacancy rate unchanged.