Report suggests Ottawa remains an affordable market relative to other Canadian cities, despite rapid price appreciation in recent years.
Report predicts weaker demand for homeownership due to job and income losses.
Opponents say the proposal violates a longstanding agreement to keep the property as greenspace.
Housing starts in Ottawa held steady in May compared with a year earlier, but there was a steep drop in new builds on the Gatineau side of the river.
House prices hit $548,140 in May, a year-over-year increase of 11%.
A local retirement home operator plans to more than double the size of its property in Ottawa south with the addition of a 14-storey highrise.
REIT is looking at building a significant number of new apartment units at three of its existing Toronto sites.
In a study released this week, the Real Estate Investment Network predicts Ottawa will be the only one of the five major Canadian markets it surveyed that will avoid a housing slump in 2020.
A leading Ottawa builder says it remains confident that the capital’s housing market will hit the ground running once COVID-19 restrictions are lifted.
OBJ publisher Michael Curran speaks with leaders from Ottawa's homebuilding industry about how they are adapting during COVID-19.