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Quebec  + Alberta & Prairies + Canada + Ontario  + Office  | 
Ottawa office rental rates fell $1.20 per square foot year-over-year in the fourth quarter of 2023, says a new report from Avison Young.

Mach Aims to Develop Gatineau Multi-Family Project

Groupe Mach plans to develop 400-unit rental multi-family real estate project in redevelop a vacant former federal building in downtown, Gatineau, Que., the the Ottawa Business Journal reported.

Vincent Chiara, Mach’s president, told the OBJ that the company hopes to break ground on the development next summer.

Located across the Ottawa River from the Parliament buildings, Gatineau is part of the National Capital Region.

Chiara told the OBJ about its Gatineau plans while discussing Montreal-based Mach’s intention to redevelop a former federal office building in downtown Ottawa as a multi-residential rental project.

Chiara said Mach, which owns and manages more than three million square feet of commercial space in Ottawa and Gatineau, is keeping a close eye out for other opportunities in the region.

“We’re looking to grow there,” Chiara said. “We’re a long-term player, so we’re not just passing by. We’re looking to be in that market for the long term.”

Photo: Tolmachova /


Inside The Story

Avison YoungGroupe Mach

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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