residential real estate

Firms say a number of factors – including soaring inflation, rising interest rates and new city fees – are causing them to re-evaluate plans for major multi-residential towers in Ottawa's core. 
Ottawa's 2020 CFO of the Year, who helped guide the REIT through a $230-million IPO in 2018, will retain her other role as chief financial officer of REIT's sister company, Minto Group.
Builders in Ottawa-Gatineau started work on 1,374 new housing units last month, well off the all-time monthly high of 2,130 starts set in July.
“Eventually, interest rates will go back down, and then people are going to (scramble) trying to buy everything up,” Paul Rushforth predicts, adding city could see “a mini version" of 2021's frenzy.
Ottawa realtors sold 1,137 residential properties in August, down 27 per cent from the 1,565 transactions a year earlier and well below the five-year average of 1,603.
Housing agency says work began on 2,130 new housing units in the National Capital Region last month, with multi-unit builds soaring almost 400 per cent year-over-year.
On a seasonally adjusted basis, the association says sales in July fell 5.3 per cent compared with June. The actual number of sales last month was 37,975, down 29 per cent compared with July last…
Immigration-fuelled population growth and rising interest rates that have driven up the cost of buying a home helped boost Minto Apartment REIT’s bottom line in the second quarter.
Ottawa-based real estate investment trust said Tuesday its funds from operations rose 6.3 per cent compared with the second quarter of 2021 to $18.9 million.
Federal housing agency says growth was driven by increases in both the value and volume of uninsured mortgages for property buying and refinancings.