Residential

CLV takes lead on three-tower plan for Corso Italia LRT site, proposes mix of condos, rentals

Ottawa developer best-known for building and managing rental properties bought out Trinity Development Group's share of project last year.

Builders propose mixed-use highrise for corner of O’Connor and Nepean streets

Glenview Homes and Taggart Realty Management want to build a 27-storey tower with 295 apartment units and 1,300 square feet of ground-floor retail space.

City committee backs developer’s bid for $350K brownfield grant for Westboro site

Azure Urban Developments wants to build a 25-storey highrise with 264 apartments and 160 underground parking spaces at 2070 Scott St.

Home prices continue surge, but supply grows in May: OREB

The average residential-class property in the capital sold for $741,000 in May, an increase of 35 per cent over the same month a year ago.

City committee approves proposed tax on vacant residences

Proposal would see owners of residential properties that are vacant more than 184 days a year pay a one per cent tax tacked onto their annual property tax bill.

Montreal developer behind heritage hotel plan calls move into Ottawa a ‘natural progression’

Marc Varadi's firm, Rimap Development, has a growing portfolio of projects in the capital that also includes another downtown hotel and an apartment highrise in Centretown.

Developer proposes hotel, 22-storey apartment tower for ByWard Market site of former Shopify HQ

Montreal's Rimap Development says it wants to convert the heritage building at 126 York St. into a 214-suite hotel and build a highrise with 280 apartment units beside it.

Gatineau gains fuel surge in April housing starts: CMHC

Local builders started work on 588 new units on the Quebec side of the river last month, accounting for the lion’s share of the year-over-year growth across the region.

InterRent REIT rides wave of acquisitions to solid Q1 performance

Ottawa-based company said its funds from operations – a key cash-flow metric for REITs – rose nearly 12 per cent compared with the first quarter of 2020 to $16.2 million.