InterRent REIT says ‘strong balance sheet’ has it primed for 2021 bounceback
Ottawa-based real estate investment trust said its funds from operations rose nearly 11 per cent last year to $56.7 million.
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Residential
Ottawa-Gatineau housing starts tumble in February, CMHC says
Builders started work on just 754 new units last month, down from 1,178 in February 2020, the housing agency reported Monday.
Minto Apartment REIT’s earnings up in 2020 despite rising vacancies
The REIT said it generated funds from operations of $50 million for the year ending Dec. 31, up from $39.6 million in 2019.
LaSalle Investment Management buys into Trinity’s Rideau & Chapel rental housing project
Chicago-based firm has purchased a 47.5 per cent interest in development that will see a pair of 25-storey highrises constructed at the corner of Rideau
ClubLink to appeal court decision that maintains Kanata golf course as greenspace
Course owner says club is no longer financially viable and wants to partner with Minto Communities and Richcraft Homes to construct more than 1,500 homes
Ottawa home prices soar in February as sales hit record heights
The average price of a residential-class property jumped 27 per cent to nearly $720,000 last month compared with February 2020.
Home sales shifting towards pricier housing in Ottawa, CMHC says
While nearly half of all homes trading hands in the capital sold for less than $400,000 in 2019, less than a third of all transactions
Judge upholds city’s bid to preserve Kanata Golf and Country Club as greenspace
Property owner ClubLink wants to partner with Minto Communities and Richcraft Homes to build more than 1,500 homes on the 71-hectare site.
Housing starts stay strong in January thanks to multi-unit builds, CMHC says
Ottawa homebuilders started work on 450 new dwellings in January, up from 371 starts in the same month in 2020, the federal agency reported this
Average Ottawa household spent 16% of its income on mortgage payments in 2020: study
That’s up slightly from 10 years ago but still well below the “affordability threshold” of 30 per cent, according to the new report from real
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