Most people know that the Ottawa residential real estate market has grown significantly in the last year. What the vast majority don’t realize is that Ottawa’s commercial real estate market has also done very well. I want to share this article from the Ottawa Business Journal. It is a short description of how Ottawa has faired over the last year or so.
Ottawa real estate investments hit three-year high in 2016
Despite a sudden drop-off in the second half of the year, a handful of large commercial real estate transactions that closed in early 2016 pushed total investments in Ottawa to $1.49 billion, according to brokerage firm CBRE.
That’s a 24 per cent increase over 2015 and a three-year high, the real estate services firm said in a year-in-review report on Ottawa’s investment market, which CBRE said lagged behind other major Canadian cities.
It was an uncharacteristically light year for both office and industrial transactions, with relatively few properties changing hands.
To read more click here: http://www.obj.ca/index.php/article/ottawa-real-estate-investments-hit-three-year-high-2016