Little Italy

Ottawa Condo Market Statistics - June 2019

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Each month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for June and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Wow, things keep getting hotter and hotter in the Ottawa condo market. The average selling price, days on market, list to sold price, - all keep getting more intense.

Sellers: While things are doing well for you, we are still seeing properties that don’t sell above asking, and are taking quite a while to sell. It is not as much of a sellers market as one would think. Pricing and how a unit is shown, is more important than ever. I am seeing condos listed both over and under market value (by lack of experience), and seeing condos priced correctly while also zero effort put into preparing for showings. If you had looked at selling over the last few years, but decided to put a tenant inside instead, this might be the time to review the market and data.

Buyers: Patience, preparation, and persistence. Be patient - supply is low right now and the best units will come on the market (maybe not in your price point anymore, but they will list, I promise). This isn’t a crazy sellers market. You have to be able to say no if the unit isn’t what you are looking for. Preparation - Get that mortgage pre-approval now. Know your numbers and what exactly you can afford. Being able to walk into the offer process with shorter timelines will make you stand out and give you more confidence with your offer. Persistence - Again, there is a supply shortage. The best units will come on the market, will just need to wait it out. We are also seeing more and more multiple offer scenarios, which means that you have a larger chance of loosing out if you don’t act quickly or are not prepared. If you do loose out, don’t give up!

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Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Wading Pools 2019

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Summer is fast approaching and what better way to spend some of the summer holiday than at a pool!

It’s not always easy to navigate where a wading pool is located, what time they are open, and what days they are closed. We narrowed down wading pools designated to four districts to help save time.

Centretown

St Lukes Park - 166 Frank St
Open: July 2nd - August 27th 2019.
Hours: Monday 11am-6pm, Tuesday 12pm-7pm, Thursday Noon - 7pm
Closed: Wednesdays and Fridays

McNabb Park - 435 Bronson Ave
Open: July 2nd - August 27th 2019.
Hours: Monday 11am-6pm, Tuesday 12pm - 6pm, Wednesday 12pm-7pm, Friday 11am - 6pm
Closed: Thursdays

Sandy Hill

Sandy Hill Park - 250 Somerset St
Open: July 2nd - August 27th, 2019.
Hours: Monday 11am - 6pm, Tuesday 12pm - 7pm, Wednesday 12pm - 7pm, Friday 11am - 6pm.
Closed: Thursdays

Strathcona Park - 25 Range Rd - Sandy Hill
Open: June 27th - August 27th 2019
Hours: Tuesday 12pm - 7pm, Wednesday 12pm -7pm, Thursday 12pm - 7pm, Friday 12pm - 6pm
Closed: Mondays

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Little Italy

Chaudiere Park - 68 Elm St
Open: June 27th - August 27th 2019
Hours: Monday 11am-6pm, Tuesday 12pm - 7pm, Wednesday 12pm-7pm, Thursday 12pm - 7pm
Closed: Fridays

Hintonburg

Reid Park
Open: June 27 - August 27th 2019
Hours: Monday 11am - 6pm, Tuesday Closed, Wednesday 12pm -7pm, Thursday 12pm -7pm,
Closed: Fridays

Westboro

Lion’s Park - 294 Elmgrove Ave
Open: July 2nd - August 27th 2019
Hours: Monday 11am - 6pm, Tuesday 12pm - 7pm, Wednesday 12pm - 7pm, Thursday 12pm - 7pm, Friday 12pm - 7pm

Iona Park - 223 Iona St
Open: July 2nd - August 27th 2019
Hours: Tuesday 12pm - 7pm, Wednesday 12pm - 7pm, Thursday 12pm -7pm, Friday 12pm -6pm
Closed: Mondays

Hampton Park - 645 Parkview Rd
Open: June 27th  - August 27th 2019
Hours: Monday 11am - 6pm, Tuesday 12pm - 7pm, Wednesday 12pm - 7pm, Thursday 12pm - 7pm, Friday 11am - 6pm.


There are currently two staggered starting dates for wading pools to extend weeks of operation across Ottawa; June 27th - August 22nd 2019 and July 2nd - August 27th, 2019.

Ottawa Condo Market Statistics - May 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for May and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

Centretown has been a very hot month for condo sales. Over last month (April 2019) we saw the average sold price has increased, along with the number of sold units, the days on market has dropped in almost half, plus the list to sell price has tightened up, all signalling that demand for Centretown has increased, while the supply (up until this month) had not. However we have seen the supply (new listings) increase from 58 in April 2019, to 79 in May 2019. While that is not a significant number, it should certainly help buyers who are trying to get into the area. Overall it is still a very strong sellers market.

Over last month (April 2019), Byward Market and Sandy Hill, continues to improve slightly, with over $22k average selling price increase, and an extra 1.2% list to sold price (99.5% vs 98.3% in April 2019). Number of units sold, number of new listings, and days on market improves only slightly. Overall, this shows the improvement over last year. The Byward Market and Sandy Hill are still a balanced market or slightly leaning towards a sellers market.

Little Italy is still a difficult area to breakdown with such few sold units - take these numbers even more with a grain of salt. While there was very little change over last month (okay, yes average sold price increased by 18k) the one exception was the days on market jumped to 60, which was more in line with what we were seeing in 2018. We are still seeing fewer listings on the market, which is helping to keep the list to sold price at a very tight 99%. With such little supply in Little Italy, the hot properties will sell quick and for a very strong price.

Same as Little Italy, these Hintonburg condo stats need to be taken with a grain of salt due to the low volume of sold units. We are starting to see the days on market rise, along with the amount of new listings to match what we saw last year at this time. However in perspective to other neighbourhoods in Ottawa, the days on market is still quite low, and with a higher list to sold price it is still clear that it is a sellers market in Hintonburg. If we saw more supply hitting the market, then we might see things balancing out in more favour for a buyer.

The Westboro condo market has continued to improve with only four new condos adding to the supply. The days on market is the lowest in the city, with the highest list to sold price (tied with Byward Market and Sandy Hill). This is certainly a sellers market and we will need a large number of new listings to help balance it out.

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - April 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for April 2019 and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Westboro - Stats.jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - March 2019

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Every month we take a closer look and brake down the sales data of downtown condos from the previous month. Here are the statistics for March 2019 and the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Westboro - Stats (2).jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision about your purchase? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - February 2019

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As we do every month, we have taken a closer look and broken down the sales data for the month of February 2019 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Little Italy - Stats.jpg
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Westboro - Stats.jpg

Do you have any questions about how this information affects your investment or looking for more information to make the best decision? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - January 2019

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As we do every month, we have taken a closer look and broken down the sales data for the month of December 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Do you have any questions about how this information affects your investment or looking for more information to make the best decision? Let’s chat! Fill out the form on the bottom of the page.

Ottawa Condo Market Statistics - December 2018

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As we do every month, we have taken a closer look and broken down the sales data for the month of December 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period, which in Ottawa is almost every single transaction to be roughly 10-14 days.

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Questions about how these numbers affect your investment/condo? Let’s chat! Fill out the form on the bottom of the page.

Claridge Icon - Sales Update

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** For more information about Claridge Icon, visit our Claridge Icon page, with all of the renderings, floorplans, detailed information, etc. CLICK HERE.**

Claridge Icon, located at 505 Preston street and just north of Dows Lake and in Little Italy, is continuing to sell units as construction moves along. Currently the building is over 50% sold out and has a good selection of sizes and prices. Units start at $336,000 for the Gable (610sqft), or the Redford (625sqft) for $338,000.

Occupancy is slated for October 2020. Prices average $604sqft. Deposit is 15%.

Ottawa Condo Market Statistics - November 2018

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As we do every month, we have taken a closer look and broken down the sales data for the month of November 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebreton Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


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Questions about how these numbers affect your investment/condo? Contact us to chat more!

Ottawa Condo Market Statistics - October 2018

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Each month we take a closer look at the previous monthly condo sales data for the top five "downtown" Ottawa area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days. Questions?


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Questions? Want to know how it affects your condo? Fill out the form below and let’s chat.

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Claridge Icon - Construction Update

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Claridge Icon, located at the corner of Carling and Preston street, is currently on the 27th of 45 floors. Glass has started being installed in the lower flooring as things continue to move along well. It’s hard to imagine exactly how high that will be when looking at the building…. Keep in mind this is a rough example below.

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There will be 320 units with an estimated completion of early to mid 2020. Prices range from $330,000’s and up, with unit size ranging from 610 to 1630 square feet.

 

Ottawa Condo Market Statistics - September 2018

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Every month we take a closer look at the sales data for the previous month for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days. Questions?


CENTRETOWN

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Huge jump in the average selling price for Centretown condos this year compared to September of 2017. Part of the reason for the large jump was due to a number of sales over the $500k mark. Over last month, we saw a similar number of new listings, while we saw quite a few more properties sell (33 vs 24). The list to sold price ratio stayed about the same, with the days on market increasing slightly (63 vs 51).


BYWARD MARKET AND SANDY HILL
(INCLUDES LOWERTOWN)

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Compared to last month, the Byward Market saw a healthy jump in average sold price with the number of sold condo units fell over last month (16 vs 24). Other than the differences in sold price, September of 2018 is pretty much the same as last year.


LITTLE ITALY
(INCLUDING LEBRETON FLATS)

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Little Italy continues to see fewer sales compared to new listings which is great if you are a buyer looking to enter. The average selling price is up over last month (362,330) and last year (329,086). Take the sold data with a grain of salt, since there is only a few sales to provide an average.


HINTONBURG

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Hintonburg continues to be an area with healthy demand and very few options for buyers. Lots of older product with very few modern buildings that continue to cause havoc on the numbers. Like last month, we saw the same amount of new listings that ended up selling, providing no increase or decrease to number of available product. With that, the DOM and list to sold price continue to weaken. We are seeing first hand that nice product that is priced right will sell quick!


Westboro

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Westboro continues to stay in great shape with one of the highest average selling prices. The DOM tightened up over last month, however we saw more activity which brought the other numbers more in line with what we are seeing across the city.


Looking for specific information about an Ottawa condo building or area? Thinking of buying and maximizing your dollar? Let's chat. Fill out the form below.

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Ottawa Condo Market Statistics - August 2018

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We have taken a closer look at the sales data for the month of August 2018 for the top five "downtown" area's - Centretown, Byward Market and Sandyhill, Little Italy (which includes Lebretown Flats), Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


CENTRETOWN

Ottawa Condo Market Statistics Centretown

The market in Centretown slowed down over the month of August as most buyers and sellers are typically traveling or enjoying the summer before heading back to work. Compared to last month, (July 2018 stats) we saw our average selling price drop from $371,512 to $358,201, and only 32 new listings to July's 48. List to Sold prices came back to along what it was last year. 

What does this mean? While you could argue things slowed down, the lack of demand (fewer buyers) showed its head, and unless we see an increase in new listings in September, the DOM and list to sale price ratio will tighten up as there will be less to buy. We saw a more balanced market in August.


BYWARD MARKET AND SANDY HILL
(INCLUDES LOWERTOWN)

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Compared to July, we saw a $90,000 reduction in average sale price, fewer days on market, and a tighter list to sold price. In August we saw an equal amount of new listings to sold listings.

What does this mean? There was a higher demand for lower priced properties, and a strong pull from investors looking in that sub 300k market. The low amount of new listings, shorter days on market, and higher list to sold price ratio means things can easily jump in September unless we see more product come on the market. A sellers market below $300k, and a buyers market above $300k.


Little Italy
(INCLUDING LEBRETON FLATS)

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The seven sales in July were hot, which is evident in the 99.7% average list to sold price and the 35 average days on market. The average selling price dropped, which needs to be taken with a grain of salt since we have such low number of data points.

What does this mean? The properties that sold, were priced well and hot for the buyers looking. Its a buyers market, unless you are looking at one of the hot listings. Last month saw 14 new listings with only 4 sold. 


HINTONBURG

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Looking at the differences over last year might give you a scare - however with such few data points, you need to understand it is not a perfect example and rather use trends to better understand the market. We saw more new listings and more sales this month than last month. The days on market stayed the same, and the average selling price dropped. Other than price, things have certainly improved over last year!

What does this mean? As with other areas, the amount of sales below the 300k continue to dominate. The market has certainly improved over last year, and I would be willing to bet that next month you will see the selling price jump back up. The lower DOM over last year still signifies that more buyers are looking here than before, and would be a good time to sell!


WESTBORO

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Like last month, Westboro continues to be one of the hot markets with high prices and low inventory. A very tight List to Sold Price ratio and such few new listings makes this a unique market when you see the high DOM. The right properties are selling for close to ask, but taking longer. I would be willing to bet that September will see DOM drop.


Looking for specific information about a building or area? Thinking of buying and maximizing your dollar? Let's chat. Fill out the form below.

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Ottawa Condo Market Statistics - July 2018

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Let's break down some specific data for the month of July for the top five "downtown" area's - specifically Centretown (including Golden Triangle), Byward Market and Sandyhill, Little Italy (which would include Lebreton Flats),  Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


Centretown

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The market in Centretown continued to tighten for July which is noticeable in the higher list to sold price ratio of 99.1% compared to 98.8% (from last month) and the fewer days on market of 43 compared to 46 (from last month). We still have a similar amount of new listings as last month, however the amount of units that sold have dropped from 43 (June) to 29 (July). Prices are up compared to last year, however holding about the same as last month.

What does this mean? While things have tightened up, the numbers would show that there is going to be more units available going into August. This might ease up the DOM, Sold Price Ratio, or the average sold price - more supply with equal or less demand.... Could be seeing a shift to a more buyer focused market.


Byward Market and Sandy Hill
(Includes Lowertown)

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Compared to last month we have seen similar numbers except for two. The average price has jumped from $362,773 in June 2018, to $410,517 for July 2018. Keep in mind that in May 2018 it was almost $400k, so the large change is expected and due to the few number of data points that are used can vary the number. At the same time, the days on market has increased from 50 last month, to 84 this month. Note - the DOM hit 162 days back in January of 2016.

What does this mean? With the DOM jumping up to 84 days, yet amount of new and sold listings staying almost the same as last month, we would expect the price to come back down or the list to sold price ratio to drop. Still continues to be more of a buyers market, especially with the higher DOM, lower LTS price ratio, etc. 


Little Italy
(Including Lebreton Flats)

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Average price has jumped over last month (June 2018) to $395,175. However that is based on the only four sales that happened this month. We continue to see more new listings, and fewer sales. DOM has increased to 50 days and the LTSP ratio has nudged up to almost 98.9%. 

What does this mean? A buyers market. Higher DOM, more options (listings), etc. With only four sold it means you have less competition. However the high LTSP ratio says that for the sellers who are serious, and priced right, you can and will sell.


Hintonburg

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The average sold price has dropped to $318,173, when it was $374,620 last month (June 2018). Activity has dropped (both new and sold listings), and the LTSP ratio edged up slightly. 

What does this mean? More of a sellers market. With fewer units available overall, a higher sold price ratio, and a somewhat low DOM, It would be a good time to sell. Buyers will want to see more supply, or need to be quick on their feet for the best units.


Westboro

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The average price is up over last month, but down over this time last year. Less activity then last month, but similar ratio of new vs sold units. Same LTSP ratio as last month with DOM increasing slightly. 

What does this mean? Sellers market. Highest average price, and highest LTSP ratio, along with the similar ratio of new vs sold listings, make it a very difficult buyers market. Not much negotiating is going on. Chances of multiple offers are strong. Again, the higher price point is due mainly to the larger, longer planned living (compared to the studio and sub 600sqft units in Centretown etc.).


Looking for specific information about a building or area? Thinking of selling and want to get the best return? Let's chat. Fill out the form below.

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Ottawa Condo Market Statistics - June 2018

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Often, real estate is defined by its numbers and data - we can report on "hard facts" to provide a picture of the market. However, when we receive the standard monthly updates from the Ottawa Real Estate Board, I find it quite frustrating that the data reported for "condominiums" is board wide - meaning any property type that was listed as a condominium in any area. (This isn't a rant - there are too many micro markets across the city for them to report). What this means is that the information isn't compared by location (downtown vs Kanata) or property type (example - apartment or townhome) which can often mask or hide very interesting or specific information on a more detailed level. We all (should) know that there is a huge difference in price between a townhouse style condo in Kanata, versus a modern downtown highrise apartment in Centretown. 

Let's break down some specific data for the top five "downtown" area's - specifically Centretown (including Golden Triangle), Byward Market and Sandyhill, Little Italy (which would include Lebreton Flats),  Hintonburg, and Westboro. The information will be specific to apartment style condominiums, and only what sold through the MLS. Also, DOM (Day's On Market) is calculated to include the conditional period which in Ottawa is almost every single transaction to be roughly 10-14 days.


Centretown
(North of 417, Canal to the East, Bronson to the West, Parliament Hill to the North).

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Overall the average sold price for a Centretown condo over the last month is $371,998.00 which is up compared to a year ago, which saw an average list price of $347,394.00. The average DOM is at 46 which is an improvement over last year at 80 days (Keep in mind that includes the conditional period). The list to sale price ratio has increased to just under 99%, and a nice increase over last year at just above 97%. In June, we saw only 47 new listings, with 43 sales.

What does it mean? A healthy increase in the demand for condos located in Centertown. A much more balanced market, with prices continuing to rise at a very marginal rate. One thing to note is that the DOM from two years ago was up to a whopping 85 days. Based on what was listed vs sold, I would expect the market to be more of a Seller's market unless we see more listings!


Byward Market and Sandy Hill
(Includes Lowertown)

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The average sold price this month in the Byward Market and Sandy Hill has dropped slightly to $362,773. The DOM has dropped to 50 days, and much better than it was 3 years ago - 75 days. The list to sale price ratio held the same around the low 97%.

What does this mean? Prices are lower and becoming more attractive to buyers which is helping to reduce the DOM. Slightly more leaning towards a buyers market then for selling. With the DOM lowering you should see the list to sale price ratio increase.


Little Italy
(Includes Lebreton Flats)

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The average sold price for a condo in Little Italy is down to $386,900. The average DOM is up to 47 days, with the one year at 45 days. The average list to sold price ratio is up to 98.1%. Overall there are less new listings with a few more sales compared to last year.

What does this mean?  Since there are fewer buildings which mean fewer sales, the numbers will be affected more by each sale. Lower prices will drive the DOM and sale price ratios as buyers compare them to other areas. The number of listings will increase, and as prices drop, the number of sales will increase. Great market if you are a buyer looking for options with less competition.


Hintonburg

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The average sold price in Hintonburg lowered slightly from last year, to $374,620. More sales and a much tighter list to sold price ratio have dropped the DOM to less than half - now 39 days from the 89 days a year ago. 

What does this mean? It is much more of a seller's market than a buyer's market. I think it will get tighter unless we see more listings. More buyers looking to move more west! It is a great time to sell.


Westboro

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The average sale price in Westboro is up from last year to $474,406. With 17 new listings and 17 sold properties. The highest list to sold price ratio in any of the five area's at 99.4%! The DOM is also quite low at 37!

What does this mean? A hard market if you are a buyer. Considering that almost all condos will sell with a conditional period for status certificate review of 10-14 days, the DOM of 37 is very good for sellers.  The higher price point is due mainly to larger, longer term planned living (compared to studio's and sub 600sqft units found more in Centretown and Byward Market). 

Are you looking for more information about a specific area or building? Thinking of selling or buying? Let's chat - click on the button below!

Claridge Icon - Sales and Construction Update

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Located in Little Italy at the corner of Preston and Carling, Claridge Icon is coming along on time. Construction crews are currently pouring the 18th floor, out of the 45 storey building. 

There are roughly 188 units still available to purchase (out of the 320) with prices starting at $331,000 for the 610sqft one bedroom "Gable" floorplan". There are roughly 87 one bedroom units, 37 one bedroom plus den, 63 two bedroom units, and only one two bedroom plus den units that remain. Keep in mind that some floorplans are sold out, with only some floors available for certain floorplans.

- The building is set for occupancy April 2020
- Parking is $40,000/spot (condo fees are $34.35/month per spot)
- Lockers are included with each unit
- Deposit - 15% total - with 5% at signing and 10% provided 60 days after signing

For more information on downtown Ottawa condominiums, fill out the form below! 

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Claridge Icon - Construction Update

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Construction is moving along as projected at Claridge Icon, located at the corner of Preston and Carling in Little Italy. Construction crews are currently pouring the eleventh floor of the 485 foot, 45 storey building that is set for completion in April 2020. 

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Capital Hall Condos Fire - Update

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Earlier today a fire started in what appears to be a dumpster on the ground level outside Capital Hall Condos being built by Ashcroft Homes. Reports indicate that the fire spread up a garbage chute which ran up the side of the building. It was originally set to open in September, which the developer is going to still try to be ready for. Between 40 and 50 firefighters and 16 to 18 trucks responded to the 3-alarm blaze. In will take some time to time to determine the cause and expected timeline moving forward, however the damage at this time looks much worse that it could be - mainly exterior cladding and windows.

BREAKING - Capital Hall Condos- Construction Fire

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With information still coming in, we have learned that there is a fire at Capital Hall (a student focused investment condo rental building) which is located at 101 Champagne Ave in Little Italy. These are being built by Ashcroft Homes and targeted towards student rentals. SoHo Champagne is the building seen in the middle and from what we are told is under standby to be evacuated if the winds shift.