Ottawa Business Journal

Condo plunge leads drop in Ottawa housing starts

Residential

Housing starts in the Ottawa area fell by more than 42 per cent year-over-year in August as activity in every major market segment dropped. The

$6.3M in construction needed for main library

Construction

A structural assessment of Ottawa’s main library by Morrison-Hershfield shows the building requires $6.25 million in repairs and upgrades over the next decade. The 38-year-old building

Bidding adieu to industry pricing norms

Construction

Although public procurements typically favour the lowest offered price, heads nevertheless turned when Ottawa-based HP Engineering Inc.’s bid came in 66 per cent lower than

Home resales down 14% in August

Residential

Ottawa home resales dropped 14 per cent year-over-year in August, the Ottawa Real Estate board said Friday. The 1,141 residential properties sold in August are

Tofcon nears completion of U of O sports stadium

Construction

The University of Ottawa expects to have its new sports stadium in place by Nov. 15, just in time for its teams to use a

Richmond’s Hyde Park funding fails

Construction

As the excavator on the Hyde Park Residences Inc. project being built in the village of Richmond, Kanata-based Primrose Cartage & Excavating Ltd. was one

Amica takes 100% ownership of east-end retirement home

Non-Residential

Amica Mature Lifestyles Inc. (TSX:ACC) now has full ownership of Ottawa retirement residence Amica at Bearbrook after paying $12.1 million to increase its stake from

Killam buys four buildings for $24M

Non-Residential

Killam Properties Inc. has bought a four-building portfolio in Ottawa for $24 million, the company announced. “We’ve been looking for acquisition opportunities in Ottawa over

Ottawa real estate sales up 155%

Non-Residential

Local commercial real estate investment transactions increased by 155 per cent in the first half of 2012 compared with last year, according to numbers released

DCR secures city staff support for Bayview development proposal

Residential

An Ottawa developer has finally won over municipal planners with a plan to build office towers across from the Bayview O-Train Station. After opposing several