Real Estate

Realtors and lawyers say they have noticed buyers looking at what options they have to get out of a purchase because conditions have shifted dramatically from the previous highs and frenzied pace.
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Before the internet was a thing, real estate agents had access to a wealth of information to which consumers weren’t privy.
Kanata North Business Association says development could play a key part in the tech park’s “necessary transformation” into a mixed-use district with vibrant commercial and residential components.
The association found the number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021, when the country set a record for the month.
Multi-unit starts on the Quebec side of the river dropped from 547 in April 2021 to just 163 last month, a decline of 70 per cent.
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Over the last couple of years, Ottawa real estate has been through a whirlwind of change. Notably, the rural property market has skyrocketed.
A blossoming Ottawa-based property management firm has chosen one of Canada’s fastest-growing cities for its first acquisition outside the National Capital Region.
Ottawa firm said its funds from operations rose nearly 18 per cent compared with the first quarter of 2021, while its same-property occupancy rate jumped almost five percentage points.
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As the capital’s million-dollar market continues to boom, luxury real estate firms like Engel & Völkers are being kept busy
Ottawa-based REIT's overall revenue grew 8.4 per cent year-over-year to $32.5 million as the occupancy rate of its unfurnished suites ticked up to 94.2 per cent from 91.1 per cent in the same period.