Although the Canadian housing market is now in recuperation mode, housing starts in Ottawa were down 19 percent. Townhouse developments ans well as apartment projects are mainly responsible for the drop. According to the Canada Mortgage and Housing Corp., last year construction began on 586 units. This year the number has gone down to 586. […]
In an upsetting move, the Bank Street condominium project has cancelled agreements for their much-delayed eco-building. Homeowners who previously negotiated on terms, some up to five years earlier, are finding that their contracts are no longer valid. EcoCite Development, the company in charge of the venture, has some excessive financial obstacles that it is trying […]
