Your new house in Cumberland is a cool $2 million
Bonjour, bonjour. Simone Okafor-Bouchard here, giving you the real story, not the one that goes through three levels of federal review. The real story is never on the Hill — it’s always just off it.
Let's look at what's bubbling up from City Hall today, and honestly, the price tags on these new permits are… well, they’re something. A new residential permit, BP 9NEW 24-5505, has just been issued for a two-storey detached dwelling with a finished basement and walkout at 865 Aviation Road in Ward 1. The declared value for this single-family home? A cool $2,066,986. Yes, that’s over two million for *one* house in Cumberland.
It's a clear signal that the housing market, even with interest rates what they are, isn't slowing down for luxury builds. Meanwhile, down in Ward 3, 4701 Tahoe Boulevard is getting some serious interior alterations on its second and sixth floors, costing $568,320 under permit BP 3ALT 26-804. And for your morning caffeine fix, the Tim Hortons at 780 Bancroft Drive in Ward 11 is getting a reclad to its drive-thru window, a modest $84,619 improvement under permit BP 3ALT 26-430.
Here's what we're tracking: * **Residential Value:** A $2,066,986 new build at 865 Aviation Road, Ward 1. * **Commercial Upgrades:** Over half a million in alterations at 4701 Tahoe Boulevard, Ward 3. * **Fast Food Facelift:** Tim Hortons at 780 Bancroft Drive, Ward 11, spending $84,619 on its drive-thru.
These numbers, straight from the City of Ottawa's issued building permits, give you a pretty clear picture of where the money is flowing in this city right now. It means construction is still very active, même si the big residential developments are leaning more towards the high-end. We'll be watching to see if this trend continues to push overall housing affordability further out of reach for most Ottawa families.
Simone Okafor-Bouchard, off the Hill for MiTL Sports Desk.
You know, the team goes through all of this on the Morning Wire. Catch it live at mornings.live.