Ottawa Business Journal

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.

Housing starts fall 34%

Residential

Despite a slowdown in November, home construction activity in Ottawa in 2012 is expected to outpace the number of units built last year, according to

‘Puzzle’ parking garage to be built in Ottawa

Non-Residential

Ottawa will soon be home to one of the first sliding puzzle parking systems in Canada when the system is installed in the Eddy, a

Canadian F-35 industrial benefits overstated: observers

Defence and Security

Amid the avalanche of figures, statistics, estimates and soothing political assurances coming this week on the Conservative government’s troubled stealth fighter program, one report will

Construction activity up in October

Construction

The number of new construction projects approved last month was down year-over-year, but several large initiatives drove up the value of municipal construction permits to

Home sales slow in November

Residential

Home sales in Ottawa last month couldn’t compete with last year’s best November on record, with a nine-per-cent decrease in sales year-over-year. Ottawa realtors sold

Minto buys Nepean properties

Residential

An Ottawa-based real estate development and management firm said it will spend $2.7 million upgrading a multi-residential and commercial portfolio it acquired in its hometown.