City staff, developers offer different theories for decline
However, vacancy rates are expected to face upwards pressure in 2019 as developers complete rental construction projects.
Association says problems are caused by non-members who prioritize profits over reputation
Ottawa’s residential construction industry picked up more steam in May as homebuilders continued to accelerate the pace of new housing starts, the Canada Mortgage and Housing Corp.
Ottawa home builders aren’t optimistic they’ll see a better 2017 after several years during which a shrinking public-service workforce weakened the local housing market. By Ryan Tumilty.
The Ontario government’s plan to allow municipalities to mandate affordable housing in new developments will hurt homebuyers by jacking up prices, a key local industry advocate says.
The head of the Greater Ottawa Home Builders’ Association says he is hopeful his group won’t have to go to the Ontario Municipal Board to fight a city council decision to raise development charges.
That chill in the air Matthew Sachs felt in late December had nothing to do with the arctic-like temperatures gripping the capital.