Ottawa Business Journal

Deal of the year: Centennial Towers sale sets record

Lease signalled challenges facing landlords A government-occupied office tower on the western edge of downtown Ottawa was a central fixture in both the city’s leasing

Home prices fall 0.5% in November

Residential

Ottawa home prices fell for the third straight month in November, according to a survey released Wednesday, as further evidence emerged that the market across

Did stimulus spending save Ottawa’s economy?

Construction

The financial meltdown of 2008 brought phrases such as “stimulus” and “shovel-ready” to the forefront of the business lexicon, along with injecting $401 million into

Sun Life LRT station ‘not cast in stone’

Non-Residential

Plans to link the city’s underground light-rail tunnel with the atrium of the Sun Life Centre are far from finalized, says the general manager of

Suppliers could lose contracts if feds abort F-35 purchase

Defence and Security

If Canada abandons the purchase of F-35 fighter jets it could have negative consequences for companies that currently supply components for the costly aircraft, the

Minto paid $94.55M for Craig Henry community: records

Residential

Recently published data shows one of the city’s largest residential landlords paid $94.55 million for a multi-residential and commercial portfolio in Nepean. Minto announced its

Rental vacancy rate climbs to 2.5%: CMHC

Residential

Increasing home ownership levels combined with the city’s condo construction boom helped ease Ottawa’s residential rental rate in 2012, according to data released Thursday. The

Commercial property assessments soar

Non-Residential

The rush by developers to build up land inventories is causing a spike in the value of Ottawa parking lots, according to one local real

Feds ‘hit reset’ on fighter jets purchase

Defence and Security

The cascading multibillion-dollar cost of the celebrated F-35 stealth aircraft has prompted the federal government to “hit the reset button” on its controversial effort to

Office vacancy rate to inch up in 2013

Non-Residential

Meagre economic growth combined with ongoing government austerity will cause local office vacancy rates to edge up slightly next year, according to a new report.