Here's what you can buy in Ottawa for over $1 million in 10 neighbourhoods
CTVNewsOttawa.ca looks at what you can buy for over $1 million in 10 neighbourhoods across Ottawa in December.
Real Estate | CTV News Ottawa
Ottawa Real Estate
Decision on 2 Lonestar Plaza towers expected in January
City of Ottawa staff have been asked to report to the Planning and Housing Committee by early next year with a decision on whether two towers will be built on Baseline Road, across from the Central Experimental Farm.
Auditor general flags 'inappropriate' communications from city staff regarding Barrhaven development
The city of Ottawa's auditor general has found that city staff inappropriately endorsed a proposal for a development in Barrhaven and left city council out of the loop on key decisions.
Ottawa city council approves plan to create citywide affordable housing tax breaks for developers
Ottawa city council has voted to approve a plan that would give developers tax breaks for building affordable housing, no matter where in the city it goes.
The tension between a landlord and tenant in Ottawa at a breaking point
Patrick Lecours sold his home in the Glebe and a new family is waiting to move in, but his current tenants won't move out. They say they have the right to stay because they didn't receive proper notice.
Glebe renters refuse to leave home sold by landlord
The last few weeks have been a nightmare for Patrick Lecours. He has a deal in place to sell his home in the Glebe, but the tenants renting the property refuse to leave.
Unique housing concept gaining traction in Ottawa
A common concept in parts of Europe and even British Columbia is gaining traction in Ontario and here in Ottawa.
Here's what you can buy for Ottawa's average price of $721,600 in nine neighbourhoods this fall
CTVNewsOttawa.ca looks at what you can buy for the average price of a single-family home in nine Ottawa neighbourhoods this fall.
Here's how much it cost to rent a one-bedroom apartment in Ottawa in October
The average cost to rent a one-bedroom apartment in Ottawa increased by $1 in October, with renters paying an average of $2,052 a month.
The Do's and Don'ts of selling in December
Taylor Bennett from Bennett Property Shop gives some tips on how to have a festive and marketable property this holiday season.
More Real Estate News
BoC holds key interest rate steady as speculation shifts to timing of rate cuts
The Bank of Canada ended the year with another interest rate hold as the economy slows and forecasters speculate on the timing of rate cuts in 2024.
Short-term rentals have 'significantly impacted' housing affordability: Desjardins
A Desjardins report suggests short-term rentals likely contributed to the housing affordability crisis in Canada and around the world.
Can Canadian downtowns find new purpose in a post-office era?
The experiences in Ontario's cities are echoed across Canada, as downtowns grapple with high vacancy rates, the post-pandemic work culture and the prospect that crowds of office workers may never return in full.
Homes near ski hills are increasing in price across Canada. Here's where
A new report from Royal LePage predicts the cost of homes near ski hills will not cool in 2024, but instead heat up across in many regions. Here's where.
Three in four Canadians say higher immigration is worsening housing crisis: poll
A large majority of Canadians agree that higher immigration is fuelling the housing crisis and putting pressure on the health-care system, a new Leger poll suggests.
Cities call for infrastructure funding to build homes, fiscal update sparks dismay
The federal government's fiscal update has sparked disappointment among many who were hoping for big action on housing, including municipal leaders.
WATCH
WATCH Have you seen these flyers? Real estate broker explains 'cash for home' offers
Amid Canada's crushing housing supply shortage, some homeowners may have noticed a rise in flyers offering to pay cash upfront for property. One real estate broker explains that although these mysterious notes are legal, it's usually a strategy from investors looking to make a quick profit.
DEVELOPING
DEVELOPING Freeland to present housing-focused fall economic update Tuesday
Canada's Finance Minister Chrystia Freeland will unveil a much-anticipated fall economic update on Tuesday and CTV News has confirmed it will include billions of dollars in loans to increase housing supply, as well as tax reforms targeting short-term rentals, while trying to strike a tone of fiscal restraint.
Latest Real Estate Videos
MONTHLY NEWSLETTER
Interest Rates
EXPERT CORNER
High stakes for homeowners facing choice between fixed- or variable-rate mortgage
Deciding between a fixed- or variable-rate mortgage has always been a challenging choice for borrowers looking to buy a home or renew a loan, but with interest rates sitting at levels not seen in decades, the stakes are especially high.
OPINION
OPINION New to Canada? Here's your guide to purchasing or renting your first home
Navigating Canada's real estate market can be daunting for new immigrants, especially amid an affordable housing crisis. Personal finance columnist Christopher Liew outlines the documentation newcomers will need to rent or purchase a home in Canada, and some key expenses to budget for.
WATCH
WATCH Canada on 'the razor's edge' of a recession, warns economist
After the Bank of Canada held its key interest rate at five per cent, an economist says that inflation will be the key factor in determining whether more rate hikes are coming, and warns that a recession is a real possibility.
Home ownership got a tiny bit more affordable at start of 2023 — but housing crisis still raging: RBC report
It recently got a tiny bit more affordable to own a home in Canada — but according to RBC economists, the affordability crisis is still raging in many parts of Canada.
From an aggregate price of $809K to the market correction, report looks at real estate trends in Canada
A new report has found that buyer demand for homes is remaining strong in Canada despite borrowing rate hikes — and the market may be stabilizing after the pandemic boom.
opinion
opinion Canada can dodge a recession, but it could still happen; here's why
In his column for CTVNews.ca, personal finance contributor Christopher Liew outlines how Canada might avoid a recession, as well as some risks that could contribute to one.
What happens if you only pay interest on your home?
As elevated interest rates hit the housing market, some people have been extending their amortization period out several decades and are only paying interest on their homes.
opinion
opinion Should you take advantage of the First Home Savings Account?
Personal finance contributor Christopher Liew explains how First Home Savings Accounts work, who’s eligible for the program, and outlines the contribution rules.
Housing market
Rental Market
Developer says it's moving to build 5,000 rental units because of Liberals' GST break
A Toronto-based real estate company says it is planning to build 5,000 new rental units in urban centres across the country as a result of the federal government's decision to eliminate GST charges on rental developments.
Hot rental market makes search 'stressful' for many -- and it won't get better soon
The competitive rental market across the country is seeing multiple factors combine: high interest rates deter buyers and add to rental demand, still-high inflation is squeezing renter budgets, there's an undersupply of purpose-built rental units and population growth is fuelling demand.
Airbnb says it's cracking down on fake listings and has removed 59,000 of them this year
Fake listings have emerged as a major problem for Airbnb, threatening to scare off consumers and prompting the short-term rental service to use AI in an effort to crack down on fraudsters.
Rental prices in Canada increased to their highest in 30 years
Canadians are paying more for rental units than in the last 30 years as inflation continues to climb, Statistics Canada data shows.
Will removing GST off new rental construction improve affordability? Here's what experts say
Analysists say Prime Minister Justin Trudeau’s plan to removing GST from new rental construction is a step that could help increase Canada's housing supply, but it may not be the 'silver bullet' some are looking for on affordability.
Ottawa to remove GST on new rental housing, calls on cities to end exclusionary zoning: PM
The Liberal government is dusting off a measure it promised years ago and pulling in other parties' proposals for cheaper groceries and more homes as it struggles to tackle affordability concerns that are top-of-mind for many Canadians.
Average asking rents in Canada reached another record high of $2,117 in August: report
The Canadian rental market set a new record, according to a just-released report, with landlords asking 9.6 per cent more for new listings than they did at this time last year, resulting in an average rent of $2,117.
Canada's landlords now asking a record-breaking average of $2,078 per month: rental report
According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.
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Canada
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Sask. Second World War veteran honoured with France's highest order of distinction
Jim Spenst, 97, is the most recent Canadian to officially receive France's highest order of distinction: the insignia of Knight of the French National Order of the Legion of Honour.
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Renowned scholar, with ties to Waterloo, Ont. university, reportedly killed with his family in Gaza
Sofyan Taya, a former guest scholar at the University of Waterloo in Ontario, was reportedly killed in an Israeli airstrike near Gaza City. His friend and former colleague called him a brilliant and gentle soul.
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BREAKING
BREAKING Public sector negotiations: Common Front rejects Quebec's latest offer
Quebec's Common Front of public sector unions has rejected the government's latest offer. The strike planned for Dec. 8 to 14 will go on as planned.
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Coco the cat grounded after his leap of faith goes viral
A three-year-old tabby cat's garden time has been severely limited this week after he leaped off the top of a utility pole.
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'I'm so broken': Grieving family speaks out after B.C. cancer patient awaiting treatment chooses MAID
A devastated family says long waits for cancer treatment led a beloved father and grandfather to choose medically assisted death 13 days ago.
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'I'm never going to be satisfied': Ontario 'crypto king' lands in Australia as associate flees to Dubai
Ontario’s self-described ‘crypto king’ just landed in Australia, the latest destination in a months-long travel spree he’s prolifically posted about on social media, despite ongoing bankruptcy proceedings tied to the more than $40 million scheme he allegedly operated.
World
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Las Vegas shooting suspect was a professor who recently applied for a job at UNLV, AP source says
The man suspected of fatally shooting three people and wounding another at a Las Vegas university Wednesday was a professor who unsuccessfully sought a job at the school, a law enforcement official with direct knowledge of the investigation told The Associated Press.
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Former Ukrainian lawmaker who fled to Russia found shot dead outside Moscow
A renegade Ukrainian lawmaker who fled to Russia shortly after Moscow's invasion was found dead on Wednesday near Moscow. The Ukrainian military intelligence lauded the killing, warning that other "traitors of Ukraine" would share the same fate.
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UN chief uses rare power to warn Security Council of impending 'humanitarian catastrophe' in Gaza
U.N. Secretary-General Antonio Guterres used a rarely exercised power to warn the Security Council on Wednesday of an impending 'humanitarian catastrophe' in Gaza and urged its members to demand an immediate humanitarian cease-fire.
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Indonesia ends search for victims of eruption at Mount Marapi volcano that killed 23 climbers
The search has ended for any more victims among climbers who were caught by a weekend eruption of Indonesia's Mount Marapi volcano that killed 23 people and injured several others, officials said Thursday.
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Senior UN official denounces 'blatant disregard' in Israel-Hamas war after many UN sites are hit
The head of the UN agency for Palestinian refugees told The Associated Press on Wednesday there is no safe haven in besieged Gaza for civilians -- not even in UN shelters and so-called "safe zones" designated by Israel.
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Helicopter with 5 senior military officials from Guyana goes missing near border with Venezuela
A military helicopter carrying seven people vanished Wednesday near Guyana's border with Venezuela, with authorities saying there was bad weather in the area and stressing there was no indication it may have been hit by hostile fire as tensions escalate between the countries.
Lifestyle
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99 and still making pizza: Winnipeg woman sets sights on a century
Many people look forward to retirement and leaving the rat race behind, but not Antoinetta Lomonaco. She retired from her full-time job and then started the next chapter of her life working at her family's restaurant. Now about to turn 100 years old, she's still going strong.
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Are you a Canadian who has chosen to live on a cruise ship? We want to hear from you
CTVNews.ca wants to hear from people who have decided to relocate to live on a cruise ship at sea.
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When is St. Nicholas Day? And how did this Christian saint inspire the Santa Claus legend?
The white-bearded Christian saint whose acts of generosity inspired America's secular Santa Claus figure is known worldwide -- but Saint Nicholas' origin story is not.
Sports
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Ohtani, Soto and Yamamoto still up for grabs as teams head home from winter meetings
Shohei Ohtani, Juan Soto and Yoshinobu Yamamoto were still up for grabs as team officials started to head home Wednesday evening following a baseball winter meetings of much talk and little action.
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Canada coach Bev Priestman exits a difficult 2023 with a broad smile on her face
Canada coach Bev Priestman exits a difficult year with a broad smile on her face. The 10th-ranked Canadian women ride into 2024 on a three-game winning streak, having won five of six outings since a disappointing World Cup.
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Christine Sinclair calls time on international career in emotional farewell game
Christine Sinclair went out the way she wanted to. With a win.
Business
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McDonald's burger empire set for unprecedented growth over the next 4 years with 10,000 new stores
McDonald's expects to open nearly 10,000 restaurants over the next four years, a pace of growth that would be unprecedented even for the world's largest burger chain.
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Airlines see stable profits, record traveller numbers in 2024
Airline profits are set to stabilize in 2024 as continued growth in post-pandemic travel is offset by the high cost of capital and capacity constraints, industry group IATA said on Wednesday.
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Oil and gas emissions cap coming Thursday, targets 2026 start date
The long-promised cap on greenhouse gas emissions for Canada's oil and gas sector will begin as early as 2026 and use a cap-and-trade system that applies by facility, a federal government source said Wednesday.
Autos
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Ontario G driving test changes done without safety evaluations, auditor finds
A decision to remove certain elements of the G class driving test in Ontario was done without safety evaluations or formal approval from cabinet, the province’s auditor general says.
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GM's Cruise robotaxi service faces potential fine in alleged cover-up of San Francisco accident
California regulators say a San Francisco robotaxi service owned by General Motors covered up an accident involving one of its driverless cars, raising the specter they may add a fine to the recent suspension of its California license.
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BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
BMW is recalling a small number of SUVs in the U.S. because the driver's air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people in the vehicles.
Entertainment
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Jonathan Majors' ex describes "substantial" pain caused by actor as defense questions her drinking
Jonathan Majors' former girlfriend testified Wednesday about the "substantial" pain she suffered after he allegedly assaulted her in the backseat of a cab this spring, as photos of the woman's injuries were shared with a Manhattan jury for the first time.
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Lawsuit accuses Sean Combs, 2 others of raping 17-year-old girl in 2003; Combs denies allegations
A woman sued the hip-hop mogul Sean "Diddy" Combs on Wednesday, claiming he and two other men raped her 20 years ago in a New York City recording studio when she was 17.
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Taylor Swift becomes first Time 'Person of the Year' to be recognized for success in the arts
Taylor Swift has dominated music charts, broken records and is performing in what is likely to be the highest-grossing tour ever -- and she's now named Time's 'Person of the Year.'
Health
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More Canadians have been using virtual care since the pandemic. Is it effective and safe?
Since the rise of virtual care in Canada during the COVID-19 pandemic, patients and doctors were able to use this alternate form of care 'safely and effectively,' new research from McMaster University suggests.
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'I'm so broken': Grieving family speaks out after B.C. cancer patient awaiting treatment chooses MAID
A devastated family says long waits for cancer treatment led a beloved father and grandfather to choose medically assisted death 13 days ago.
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Eating disorder hospitalizations among boys increased 416 per cent over 17 years: Canadian study
Over the last 17 years, the number of eating disorders among boys has seen a shocking increase, ballooning to 400 per cent higher than the number seen in the early 2000s.
Politics
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PM pans Poilievre for 'pulling stunts' by threatening to delay MPs' holidays with House tactics
Conservative Leader Pierre Poilievre is threatening to delay MPs' holidays by throwing up thousands of procedural motions seeking to block Liberal legislation until Prime Minister Justin Trudeau backs off his carbon tax. It's a move Government House Leader Karina Gould was quick to condemn, warning the Official Opposition leader's 'temper tantrum' tactics will impact Canadians.
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Accused of improper partisan conduct, MPs agree to expedited probe into Speaker Fergus
Members of Parliament have agreed to launch an expedited probe into House of Commons Speaker Greg Fergus' conduct after days of acrimony in Ottawa over what he says was unintentional participation in a partisan event.
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Oil and gas emissions cap coming Thursday, targets 2026 start date
The long-promised cap on greenhouse gas emissions for Canada's oil and gas sector will begin as early as 2026 and use a cap-and-trade system that applies by facility, a federal government source said Wednesday.
Sci-Tech
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New orca calf off B.C. bolsters record-breaking year for sightings
A new transient orca calf has been spotted in the waters off British Columbia, adding to what's already been a record-breaking year for sightings of the Bigg's killer whales.
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Key testing completed at Nova Scotia's proposed retirement home for captive whales
An ambitious plan in Nova Scotia to build North America's first coastal refuge for captive whales has reached a critical phase.
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GM's Cruise robotaxi service faces potential fine in alleged cover-up of San Francisco accident
California regulators say a San Francisco robotaxi service owned by General Motors covered up an accident involving one of its driverless cars, raising the specter they may add a fine to the recent suspension of its California license.