Date Posted: March 15, 2018
Genworth Canada released their Ontario Regional Risk Report for February 2018 on March 2.
CBRE published their 2018 Canadian Market Outlook on March 7.
The report devotes three pages to Ottawa (starting on page 42) and includes the following:
From Regional Statistics:
From Projects to Watch: "Zibi, a multi-phase, mixed-use development by Windmill Development Group Ltd. and Dream Office REIT will transform the old Domtar lands in Ottawa and Gatineau into a world-class sustainable community. Set to start development in 2018, Phase I is scheduled to be complete for 2023, with the full site anticipated by 2026."
From Key Trends: "The largest office transaction of 2017 was Shopify leasing 325,000 sq. ft. at the old Export Development Canada building at 234 Laurier Avenue West. Shopify and the rise of urban tech has helped change the conversation of commercial real estate in Ottawa from one that was exclusively based around the federal government to that of an emerging tech-hub in Canada. As more tech companies mobilize into the downtown core, this leading-edge tenant has the potential to change the landscape of downtown Ottawa in 2018 and beyond."