The Ottawa condo market saw a drop in prices in 2013 due to a “supply overflow,” according to a new report by Royal LePage Realty.
Eric Murphy, Centretown NewsThe Merit condominiums, scheduled for completion in 2014, is one of many new buildings that will likely be affected by dipping prices.
Category: Business
Builders to meet over new offical plan
A group of Ottawa real estate executives are hosting a town hall discussion on Wednesday to give its members a chance to voice their concerns over new building-height limits and other restrictions enshrined in the city’s new official plan.
Sparks Street testing VIP parking permits
As part of a special pilot project, Sparks Street businesses are temporarily offering VIP parking between Metcalfe and O’Connor streets, right in the middle of the pedestrian mall.
Closing up shop on Elgin Street
There are only a few empty tables at Elgin Street’s newest café, the Ministry of Coffee. It’s mid-afternoon and the roughly 25-seat café is packed as customers pour in and out. 
Shamit Tushakiran, Centretown NewsThe old Mayflower at Elgin and Cooper is now boarded up after being shut down. The rising cost of rent on Elgin is forcing small businesses to leave Centretown.