Residential

Ottawa developer aims to convert Cooper Street office building to apartments

SerCo Realty Group says it plans to add an extra floor to the seven-storey building at 331 Cooper St. and turn the property into a 45-unit rental housing complex.

Housing starts rise in December, CMHC says

Developers launched 1,074 new builds last month, according to the Canada Mortgage and Housing Corp., up from 854 starts recorded a year earlier. 

Ottawa to remain a ‘strong seller’s market’ for homes in 2021, Royal LePage says

After a year that saw home average home prices jump 20 per cent, Ottawa homebuyers can expect little relief in the months ahead, according to a major Canadian real estate brokerage.

Ottawa’s InterRent REIT expands into Vancouver market as partner in $292M acquisition

Firm said Monday it’s teaming up with Toronto-based Crestpoint Real Estate Investments to acquire 15 properties with a total of 614 suites in Canada’s third-largest city.

Average Ottawa home prices jumped 20% in 2020: OREB

Overall, nearly 19,000 homes changed hands last year, a slight increase over 2019’s total of about 18,600.

Housing starts jump in November, CMHC says

Ottawa-Gatineau developers started work on 1,496 new builds in November, according to the federal agency, up from the 1,240 starts recorded in November 2019.

Ottawa’s aggregate home price to jump 11.5% in 2021: Royal LePage

Brokerage says region’s stable economy, an influx of buyers from the GTA and surging demand for roomier properties in the COVID-19 era will keep market humming.

Taggart says plan for two highrises on O’Connor Street meets ‘landmark’ criteria

Ottawa developer recently filed a proposal to build two towers of 28 and 30 storeys at 267 O’Connor St., between Gilmour and MacLaren streets.

Minto Apartment REIT filing opens door to up to $800M in new financing

The move allows Minto to fast-track the process of issuing new units on the Toronto Stock Exchange as a means of raising capital to acquire more property. 

Richcraft plans pair of residential highrises near corner of Bank and Lisgar

The development would include a total of 521 suites in a mix of studio, one-, two- and three-bedroom units, plus underground parking with paid spots reserved for the public.
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