News
Ottawa Sees Surge in Multifamily Deals
March 17, 2015
Multifamily is thriving in the nation’s capital, propelled by stable rental and vacancy rates, and apartment buildings that are competitively priced compared to other major Canadian cities. While the value of all commercial real estate transactions in Ottawa was down 11% last year, the total dollar value of multifamily asset deals rose a hefty 33%, according to Oliver Tighe with Colliers International in Ottawa. The city also saw tremendous 61.5% growth in the number of sales of apartment buildings.
