Ottawa
Real Estate News
Ashcroft Homes Denied After Attempting To Discharge Ottawa Receivership
The Ottawa-based developer secured new financing to clear $6.5M in debt and climb out of receivership in mid-September, but was ultimately denied in late-November.
Dec 06, 2024
Industry
Another Ashcroft Homes Property In Receivership Over $80M Debt
A receivership application was filed following construction setbacks and litigations with the City of Ottawa that added overwhelming costs to the Orleans subdivision project.
Development Projects
These Ottawa Townhomes Are Doing 'Affordability' Differently
A new Ottawa townhome launch that breaks out of the current market standard — with prices starting as low as $349,990 — is working to bring the "homeowner" title closer.
Ottawa
Sobeys Proposes Ambitious 7-Tower Development For Orleans In Ottawa
Plans reveal a massive development with buildings ranging from seven to 18 storeys, offering 1,076 new units and 735 sq. m of retail space.
Tudor-Style North Saanich Estate In BC Hits Market For $2.4M
The beautiful home sits at 1345 Readings Drive in North Saanich, located on Vancouver Island in British Columbia.
Industry
Ottawa Shopping Mall Makes A Comeback From Receivership Order Issued In June
As far as receiverships go, things have taken an atypical turn for the Ottawa Train Yards, which were involved in an appointment order in early June amid allegations of a $40M debt.
Development Projects
Three Ashcroft Homes Properties Placed Under Receivership After Developer Defaults On $6.5M In Loans
Three Ashcroft Homes properties totalling 600 residential units and 38,000 sq. ft of retail space were placed under receivership after management struggled to lease out approximately 40% of the retail space across the three buildings.
Ottawa
Hoping To Buy In Ontario? Ottawa May Be Your Best (Affordable) Bet
Ottawa realtor Matthew Mercier-Burns says that he’s seen an increase in Ottawa region buyers who have relocated from the GTA in favour of more affordable pastures — and, perhaps, a change of pace.
Industry
25-Storey Ottawa Project By Reid's Heritage Properties Placed Under Receivership
The Evoke tower by Reid's Heritage Properties was planned for 1546 Scott Street in Ottawa and was set to include 230 units.
Retail
Anthem & Streamliner Properties Set To Redevelop Carlingwood Mall In Ottawa
The acquisition marks BC-based Anthem Properties' first investment outside of Western Canada, with more to come, said the company's CEO.
Policy
Province Awards $37.5M To Ottawa For Reaching 93% Of Housing Target
The Building Faster Fund cheque awarded on Friday to Ottawa is the second-highest to date.
Real Estate News
Dream Unlimited Plans 5K Purpose-Built Rentals As Feds Drop GST
“What this legislation unlocks is our ability to get shovels into the ground quickly at a time when it’s never been more critical to build new homes.”
Development Projects
$181M Affordable Housing Investment Announced for Hamilton, $24M for Ottawa
New federal and provincial government investments will help to create 635 affordable housing units in Hamilton and Ottawa.
Toronto
Strong Mayors, Building Homes Act Officially Proclaimed into Law
The Strong Mayors, Building Homes Act 2022 was officially proclaimed into law today, giving Toronto mayor John Tory unprecedented new powers.
Toronto
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