The percentage of Ottawa’s vacant residential urban land owned by major homebuilders declined in 2012 for the fourth year in a row, a new city staff report says.
The study tabled at last weeks planning committee meeting says the 10 largest landowners – all of which, according to the report, are homebuilders – owned 56.2 per cent of the city’s vacant land last year, or about 1,392 net hectares.
That’s down from a high of nearly 68 per cent owned by the top 10 in 2008. In 2011, major homebuilders accounted for 61 per cent of land ownership.
When partnerships are considered, Richcraft leads the way, owning about 13 per cent of the land supply, followed closely by Urbandale at 12 per cent. Other major residential landowners include:
Minto (8.4 per cent)
Taggart/Tamarack (5.4 per cent)
Mattamy (five per cent)
Claridge (4.9 per cent)
Ashcroft (3.1 per cent)
Tartan (2.4 per cent)
The report said the city had a net urban residential land supply of 2,478 net hectares, enough for about 103,400 units. Based on the city’s projected growth figures, that is enough to meet Ottawa’s needs for the next 22 years.
The average density of housing built last year was 39.1 units per hectare, up from 36.1 units in 2011 and the highest level recorded since the survey began in 1982, the report said.