Firm's funds from operations for the three-month period ending Sept. 30 increased 22 per cent year-over-year to $13.2 million.
Mall owner Ivanhoe Cambridge is partnering with Toronto-based investment fund KingSett Capital to construct a 27-storey tower and a 30-storey highrise with a total of about 500 apartment units.
InterRent's funds from operations – a key cash-flow metric for REITs – rose 7.6 per cent year-over-year to $17.2 million in the third quarter.
While sales of condominiums rose 22 per cent year-over-year to 481, the number of new units added to the market jumped 70 per cent compared with October 2019.
Plan calls for 175-unit condo complex with retail space on the ground floor as well as hundreds of other condos, townhomes and single-detached dwellings at Hazeldean Road site.
TCU Development Corp.'s plans for six-storey project near St. Laurent Shopping Centre call for 116 suites and ground-floor commercial space.
Developer says says the building at 178-200 Isabella St. would feature about 4,000 square feet of commercial space and 251 residential suites in a mix of one- and two-bedroom units.
Proposal calls for two buildings with a total of 139 apartment units and 10,000 square feet of commercial space in Kanata’s Beaverbrook neighbourhood.
New home starts were virtually unchanged in September compared with a year earlier at just over 1,500, housing agency says.
The average house price in the capital jumped 28 per cent year-over-year to $622,557, the Ottawa Real Estate Board says.