Landlord says nine per cent of the 1,665 homes in the Heron Gate community are affected.
CMHC numbers suggest the upward trend that began in 2017 is continuing in the early part of this year.
Members of the Ottawa Real Estate Board sold 2,032 residential properties last month, an increase of 13.6 per cent year-over-year.
A pending lease expiry is often time for tenants to reflect on whether their office, warehouse or retail storefront is working effectively for their business.
The successful team will be tasked with building the 128,300-square-foot facility and then operating and maintaining it for 30 years.
Market began to loosen several years ago as the Conservatives cut spending and civil servants were moved into buildings elsewhere in the National Capital Region, such as the Ottawa Train Yards.
Royal LePage report looked at the relative purchasing powers of “peak millennials” – those aged 25 years or older – in cities across Canada.
Availability ratedips to 4.3 per cent
Downtown property is likely to be joined by Scotiabank’s office and main branch at 118 Spark St. as well as a pair of RioCan retail plazas in coming to market later this year, real estate firm says.
Teams will now be invited to respond to a full request for proposals.