Real Estate

Ottawa’s vacancy rates at all-time-high: Canadian real estate news for September 2

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Here are The Globe and Mail’s top housing and real estate stories this week, with the lowest mortgage rates available in Canada today, commentary from our mortgage expert and one home worth a look.

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Vacancy rates in downtown Ottawa hit all-time high as public service employees continue to work from home

Ottawa’s downtown core is seeing record-high vacancy rates, and real estate insiders say the federal government’s work-from-home policy is the culprit, reports Adam Stanley. The federal government is Ottawa’s largest employer, with more than 113,000 people working in the city, but many of them are still working remotely. In an effort to revitalize the downtown area, commercial real estate veterans are calling for the government to require its employees to return to the office.

Major mortgage insurer cuts back on disclosing information about homeowners with underwater

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