Since Canopy Growth opening shop in the old Smith Falls Hershey Chocolate the town of Smith Falls just outside of Ottawa, Ontario has been seeing good growth in not only cannabis plants but in real estate prices. :-)

With a market value of more than $127 million and many new contracts poised for more growth Canopy Growth / Tweed is becoming a large player in the cannabis game.

The company now employs around 750 employees at their Smith Falls HQ.

Smith Falls normally sees around $100,000 a yea...

In June of 2017 the Salvation Army announced plans to move their Lower Town / ByWarm Market homeless shelter to the Vanier area. A new modern shelter is planned for the land at 333 Montreal Road at the corner of Granville Street. The new shelter will be able to house a larger amount of people with their planned 350 beds.

Many residents and business owners have protested the new shelter and have formed SOS Vanier which have a Twitter account.

How does this Salvation Army shelter proposed develo...

Unless you've been living under a rock for the past years you've likely seen how Ottawa has transformed itself. Ottawa has seen large infrastructure and real estate projects get announced and some are already underway. We've seen some areas reinvent itself such as The Glebe and more precisely Lansdowne Park which now hosts 3 of our local professional sports teams and many restaurants, shops as well as farmers markets.

We've seen the Zibi by Windmill Developments on Albert Island and the Trinity...

Housing starts in Ontario have increased to 205,925 units according to the latest report published by CMHC (Canadian Mortgage and Housing Corporation).

Economist had expected 200,000 units start in October but we saw an additional 5,925 units. The largest increase in housing starts was in the urban core which climbed 8.6% in October 2018 compared to the same period last year.

Single family urban starts have fallen as land increases in price builders are choosing to built condominiums, apartmen...

The average price of a residential home in Ottawa has only increased slightly in October 2018 when compared to last year during the same period.

A total of 1,059 transacted on the Ottawa MLS by Ottawa's Realtors®. The average property prices have now reached an average of $449,000 up 5.7% over October 2017.

Average property prices for the condominium-class of properties has now reached an average of $271,350 up only 0.6% over last October.

Inventory of homes in Ottawa is down. At the end of O...

Ottawa's summer is coming to an end and this means students from Ottawa's Universities and Colleges are back in Ottawa looking for apartments for the school year to come.

Those who were able to secure apartments before the summer started are feeling a sigh of relief as they will not have to compete with those looking for spaces for September 1st. The latest CMHC data from October 2017 shows Ottawa's vacancy rate at 1.7%. Average rent for the City at that time was $1,136.

According to PadMapp...

Ottawa has seen a very busy real estate market this summer. Houses and condos have been selling a rapid paste and we've seen good price growth in most areas of the City. 

Another market that is very heated is Ottawa's rental market! It's a challenge for many to find a rental in our City. From August 1st 2016 to July 31st 2017 there was a total of 3,056 properties that rented through the Ottawa Real Estate Board's MLS. 

When we compare this time period with the one of August 1st 2017 to July 31...