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Ottawa

Caivan's prefab Summit Series homes cut build times, costs

Neil Sharma New developments Caivan Ottawa Jan. 6 2025

Factory producing major components for its Summit Series of homes is allowing Ottawa-based Caivan Homes to dramatically lower construction costs, shorten timelines and offer new homes for sale starting at just under $350,000.

Bank of Canada trims 50 BPS, takes interest rate to 3.25%

Tyler Choi Government policy Government Ottawa Dec. 11 2024

UPDATED: The fifth consecutive rate cut by the Bank of Canada (BoC), 50 BPS to an overnight interest rate of 3.25 per cent, will likely stimulate homebuying in 2025. But real estate industry insiders expect many condo buyers to remain on the sidelines - for now. 

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