Ottawa Business Journal

Temple Hotels buys 50% stake in ByWard Market hotel

A real estate investment company based in western Canada has moved into the Ottawa market with the purchase of an interest in the Courtyard by

Housing starts fall 32% in December

Residential

Housing starts in Ottawa declined in December 2012 compared to a year earlier, figures released Wednesday by Canada’s national housing agency show. The number of

Claridge proposes 14-storey hotel in ByWard Market

Non-Residential

Claridge Homes has officially applied to convert a ByWard Market office building into a hotel. The developer has submitted an application to the city requesting

Ottawa home prices to rise 1.3% in 2013: Royal LePage

Residential

Ottawa home prices will rise at a rate slightly higher than the national average in 2013 despite a slowdown in the first part of the

Office vacancy rate climbs to 8.5%

Non-Residential

Tenants in Ottawa’s office market are opting for renewals and relocations, rather than growth and expansion, causing an increase in vacancy rates, according to a

Ethics exam required for SNC Lavalin’s LRT consultants

Construction

Consultants hoping to work with one of the lead companies on the City of Ottawa’s $2.1-billion light-rail line will have to complete an ethics exam.

Real estate market cools in December

Residential

Home sales in Ottawa dropped 11 per cent year-over-year in December, which meant the local real estate market finished the year slightly behind 2011 levels,

GD secures $32M NATO contract

Defence and Security

Ottawa employees at General Dynamics Canada are gearing up to fulfill a $32-million subcontract to work on a ground surveillance program for NATO. The contract comes from

BTB buys Brewer Hunt buildings

Non-Residential

A growing real estate investment trust says it’s closed its purchase of a Kanata office complex, the latest in a string of acquisitions in the

New Minto CEO says he’ll stay the course

Residential

One of Ottawa’s largest real estate firms will mark the end of an era in 2013 when Roger Greenberg, the long-time CEO of The Minto