Buy New Homes in Ottawa And Real Estate Listings
Ottawa construction in the downtown core is booming and more people want to buy new homes in the city. As more condos are built space is getting tighter, and the only option is to build higher. This provides an extensive real estate listing in the area. The city council has just approved a controversial new project from Claridge Homes to construct a 229-unit condo at 70 Gloucester St which will stand 27 stories.
That is more than twice the usual height limit permitted for residential buildings of 12 stories. In 2009, the city council decided to waive development charges in order to encourage residential construction downtown, and it's possible that the plan has worked too well as the number of condos has surged since that time. The exemption expires at the end of July, so developers like Claridge Homes are racing to get their site-plan agreements officially filed with the city.